The US Congress has passed a tax bill that will boost the budget deficit. 7.2% PERFORMANCE OF THE EUROPEAN MID-CAP INDEX IN MAY Investment perspective Geopolitical and economic factors persisted in May, most notably the ongoing impact of punitive tariffs introduced by…

The IMF has cut its growth forecast for global economic growth this year to 2.8%, compared with 3.3% in January 25.3% PERFORMANCE OF GOLD SINCE THE BEGINNING OF THE YEAR Investment perspective April will be remembered as the month of tit-for-tat tariffs, with the…

The Swiss National Bank cuts its key interest rate by 25 basis points to 0.25 per cent in March 11.4% PERFORMANCE OF COPPER Investment perspective We have an almost unanimous consensus that recent soft data, such as surveys, are pointing to a likely deterioration in…

The ECB cuts interest rates to 2.5% as inflation in Europe is under control -8.7% PERFORMANCE OF THE MAGNIFICENT SEVEN Investment perspective The outstanding feature of the beginning of this year has undoubtedly been the remarkable performance of European equities…

As largely expected, the ECB cut rates by 25 basis points in  January +8.4% PERFORMANCE OF THE SWISS EQUITY INDEX Investment perspective The start of President Trump’s second term was undoubtedly at the forefront of investors’ minds, particularly his stance and…