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Post-Maastricht In the latest edition of our weekly financial markets update: Covid-19. World is at different stages ; Germany. To the bone ; RIP Maastricht ; Fixed income. No place to hide ; Fixed income. More QE ; Equities. A miracle drug? ; Equities. Historic falls ; Equities. Pressure on mobile / internet operators ; […]
Global melt-downs ? In the latest edition of our weekly financial markets update: What a brutal outbreak ; Is a severe economic crisis inevitable ? ; Covid-19: little transition from melt-up to melt-down ; The Repo market conundrum finally elucidated ? ; What’s next ? ; Fixed income and Currencies. Who will be next to […]
Dear clients, dear friends, This year, PLEION SA celebrates 40 years of existence. What a long way we have travelled together! In 1980, PLEION SA was in its infancy, the Iron Curtain still divided the world, China was only the 12th largest economic power in the world and our planet only had 4 billion […]
A question of shape In the latest edition of our weekly financial markets update: Economic recoveries can develop like V, U or Ls ; Demand destruction is confirmed ; But, what about supply? ; Investors’ confidence has taken a hard hit ; Fixed income. Credit carnage ; Fixed income. Once downgrade arc digested, fallen angels […]
New phase In the latest edition of our weekly financial markets update: The coronavirus epidemic has entered a new phase ; The prolongation of confinements in Chinese cities is delaying economic recovery ; The coronavirus is already having an impact on American eco-nomic activity ; Currencies. Overextended JPY fall ; Currencies. Commodity related currencies review […]
STRATEGY AND MACRO Asset Allocation A tidal wave of global liquidity A trade truce, finally End of deflation scare Low odds of a global recession in H1 2020 QE4 maybe. But not for sure… The world has become growingly complex in the past couple of years. Therefore, mega-trends deserve particular scrutiny. They will, one day, […]
Boris’ 2nd putsch In the latest edition of our weekly financial markets update: Boris’ acceleration could make the UK skip ; Can the UK afford a Trump-like stimulus?; The BoE will, like the Fed, be under increasing pressure; Currencies. Neither risk-on nor risk-off support the EUR; Currencies. Limited impact expected from the pension form reform; […]
Acquittal In the latest edition of our weekly financial markets update: White House Race ; Congress will be key; Yuan weakness; Bank of Russia admits local real rates are too high; Like for the yuan last year, trade deal uncertainty is weighting on the GBP; The United States: do they really want to buy Nokia […]
Did you get your certificate? In the latest edition of our weekly financial markets update: Weekly performances; Filtering investments; Early 2000: the acceleration; Big Tech is not immune; Fixed income. US deficit is not a market worry; Fixed income. Fed sticks to its guns; Indices follow their consolidation plan; Amazon back into the $1,000 billion […]
PERFORMANCES 2020 Equities Bonds MSCI World +0.6% CHF Corp +0.9% S&P 500 +1.3% US Govt +2.0% Stoxx 600 -0.2% US Corp +2.2% Nikkeï -2.9% US HY +0.2% SPI +1.4% EUR Gvt +2.3% China -2.3% EUR Corp +1.3% Emerging -1.5% EUR HY +0.2% Currencies Commodities USD index +1.6% Gold +4.1% EURUSD -1.6% Silver -0.6% EURCHF -1.5% […]