“Equity markets are caught between tighter liquidity conditions and increased geopolitical uncertainty on the one hand, and solid economic growth and corporate earnings on the other,” notes Luca Paolini (@Luca_Paolini) in the November Barometer from @PictetAM. “We have consequently reduced our exposure to stocks leading into year end.”

Read the latest Barometer here: am.pictet.com/uk/en/institut…

In the news this week: Investors digest Democrats' sweeping victory.
@luca_paolini, chief strategist at @PictetAM, discusses the investment implications of the Democrats' sweeping midterm victory.
#InTheNews #PictetAssetManagement #US #Equties #midterms #Midterms26

Together with Kryalos SGR, Pictet Alternative Advisors (PAA) have completed the acquisition of seven historic residential buildings in prime central Milan.

“We continue to have strong conviction in Milan’s residential market, where demand continues to outpace available supply districts,” says Pablo Granell Peris, Head of European Acquisitions of PAA's direct real estate team.

The portfolio spans approximately 26,000 sqm and brings together exceptional locations, distinctive properties and significant asset management potential.

Read the full press release: pictet.com/uk/en/corporat…

“While the results of the US mid-terms might not alter the policy trajectory in the near term, an unexpectedly strong showing for either political extreme could upend investor perceptions of the 2028 presidential election and have a significant impact on equities and bonds,” ictetAM.

Read the full outlook on the US #Midterms2026 from Luca Paolini, Chief Strategist at Pictet Asset Management: am.pictet.com/ch/en/investme…

In the news this week: AI and the data centre conundrum.
Jennifer Boscardin-Ching, senior client portfolio manager at @PictetAM, discusses the biggest constraint hyperscalers are facing and the emerging investment opportunities.

#InTheNews #PictetAssetManagement #AI #DataCentre

ECB preview: “We expect the #ECB to leave policy rates unchanged at its 29 October meeting, with no major changes to its communication. The @ecb will maintain its meeting-by-meeting, data-dependent approach, without providing forward guidance,” says Pictet WM’s @nghrbi

In the news this week: Investors eye emerging markets as bond rout deepens.
Reza Karim, Senior Fixed Income Investment Manager at @PictetAM, explains why many #EmergingMarkets are well placed to weather the global sell-off in bond markets.
#InTheNews #PictetAssetManagement #EM #EMFI #FixedIncome

In the news this week: Reports of a de-dollarisation process are overhyped

Maria Vassalou, head of the Pictet Research Institute, explains why the dollar's strongest defence is, in fact, the increasing fractures within the BRICS coalition and the Global South.

#InTheNews #Pictet #USD #BRICS

“We believe Europe is on track to become a credible source of growth, profits and innovation, with improving fundamentals - from equities to real estate - making Europe investable again,” notes Patrick Zweifel (@PkZweifel), Chief Economist @PictetAM, “This shift in attitude is not based on a perception of US decline, but of a world in which diversification drives investment performance — and in which Europe is a key pillar of global portfolios.”

Read the full article here: am.pictet.com/ch/en/institut…

Balancing Conviction and Risk: Maria Vassalou, Head of Pictet Research Institute, speaks on @Ritholtz’s 'Masters in Business' podcast about her research into global markets, China's growth as a technical innovator, and the risks to US debt. @business

bloomberg.com/news/videos/20…

In an interview with the magazine Sphere, Pictet Managing Partner Sven Holstenson shares his views on how technology, private assets and evolving client expectations are reshaping wealth management, from the rise of independent asset managers and family offices to the importance rm and long-term partnership model.
Read the full article here: pictet.com/ch/en/corporat…
#PictetAssetServices #FamilyOffices #PrivateAssets #Technology

In the news this week: AI is game-changing equity investing.
David Wright, head of multi-asset quantitative investments at @PictetAM, explains how advances in AI are helping quantitative strategies evolve into the next generation of equity investing.
#InTheNews #AI #Equities

“While the nine-month rally in equity markets and recent spike in bond yields leaves stocks looking relatively expensive, the continued rise in corporate earnings remains a powerful market driver and we should see equities add to their gains over the coming months,” explains Luca Paolini (@Luca_Paolini), Chief Strategist @PictetAM, in their latest Barometer.

Read the October Barometer here: am.pictet.com/uk/en/individu…

“Over the last two months, we have seen higher energy prices exerting pressure on inflation,” notes Sabrina Khanniche. “The longer these energy prices persist, the greater the risk that this stagflationary scenario will resurface. For the time being, the economy has remained resilient in the face of rising energy prices.”

Watch Sabrina Khanniche, Senior Economist, @PictetAM, speak with Steven Caroll (@stephencrrll), @BloombergTV Daybreak Europe.

bloomberg.com/news/videos/20…

In the news this week: Bond sell-offs and jittery markets. Lauréline Renaud-Chatelain, fixed-income strategy lead at Pictet Wealth Management, explains the knock-on effects and potential vulnerabilities of higher US policy rates.

.@FitchRatings has affirmed a Long-Term Issuer Default Rating (IDR) of ‘AA-’ with a Stable Outlook and a Viability Rating (VR) of ‘aa-’ for Banque Pictet & Cie SA.
The ratings reflect our robust business model and our conservative approach to risk.
We welcome this recognition and remaing the Group’s strength and resilience.
For more on Pictet’s ratings, see: pictet.com/ch/en/about/pi…

“I would start worrying about the debt sustainability the moment the US loses its leadership in technology, because technology and innovation has been acting as a collateral in the US for the sustainability of its debt, and the fact that it has been running budget deficits and carrying deficits for over the long run.” notes Maria Vassalou, Head of Pictet Research Institute on @BloombergTV’s The Close.

Maria discusses why US debt reckoning is premature; how technology leadership supports US debt sustainability; where AI’s next productivity gains may come from, and the energy dynamics behind US-China relations.

bloomberg.com/news/videos/20…

“We expect the Swiss National Bank to leave its policy rate unchanged at 0% on Thursday, in line with consensus and market pricing,” notes Nadia Gharbi, Senior Economist at Pictet Wealth Management, “It will probably want to see more persistent franc weakness and broader underlying inflation pressure before raising rates, nonetheless, energy prices remain the critical variable: the longer they stay elevated, the greater the risk of second-round effects and more persistent inflation, prompting an earlier start to policy normalisation.” #SNB

“The Fed will hike today first as a matter of credibility,” notes Frederik Ducrozet, Pictet Wealth Management, on @BloombergTV’s ‘The Opening Trade’, “The second step will be about forward guidance and letting the market trade with fundamentals, bringing in even some volatility in market rates."

Watch Frederik Ducrozet (@fwred), Pictet Wealth Management speak on @BloombergTV today with Anna Edwards, Guy Johnson and Tom Mackenzie in London.

bloomberg.com/news/videos/20…

“After a larger-than-expected increase in core CPI, continued rises in both energy prices and long-end yields, we expect the #FOMC to hike rates on Wednesday by 25 bps to 3.75-4%,” forecasts Xiao Cui, Senior Economist at Pictet Wealth Management, “We expect a hawkish tone from Chair Warsh’s press conference to reinforce the Fed’s commitment to delivering price stability and anchoring long-end yields.”