Die Pictet-Gruppe gab heute ihre ungeprüften Zahlen für das erste Halbjahr 2016 bekannt. Der Betriebsertrag beläuft sich auf CHF 1,033 Milliarden, der Geschäftserfolg auf CHF 244 Millionen und der Konzerngewinn auf CHF 191 Millionen.
“US equities may be trading at more expensive multiples than European counterparts, but we think there is still room for the equity market to appreciate", says Pictet Asset Management’s chief strategist Luca Paolini.
“The UK’s vote to leave the EU has sent shockwaves through financial markets but there are silver linings to the Brexit clouds,” says Pictet Asset Management’s chief strategist Luca Paolini.
The UK’s vote to leave the EU has sent shockwaves through financial markets. The political upheaval unleashed by the unexpected referendum result and the ensuing rise in market volatility will surely weigh on the global economy. But there are silver linings to the Brexit clouds.
Brexit could galvanise EU reforms or closer integration and prompt European and UK fiscal stimulus measures.
“Economic momentum is slowing worldwide at a time when there is political upheaval in Europe and growing uncertainty over the direction of US and Chinese monetary policy,” says Pictet Asset Management’s chief strategist Luca Paolini.
Luca Paolini, chief strategist at Pictet Asset Management, explains that emerging markets continue to benefit from the combined effect of a weaker dollar, a less hawkish Fed, recovering commodity prices and improving economic conditions in China.
Luca Paolini, chief strategist at Pictet Asset Management, explains the recent decisions to scale back exposure to local currency emerging market debt to neutral, maintain the overweight stance on US high yield debt and why risky assets continue to look attractive.
Mikael Benhaim, Co-Head of Global Bonds, untersucht dabei die verschiedenen Möglichkeiten der EZB zur Stimulierung der Wirtschaft in der Euro-Zone, so u.a. die Ausweitung des Anleihe-Kaufprogramms auf Unternehmensanleihen.
“Investor sentiment remains fragile thanks to some uninspiring economic data. Some market gauges already imply the US is heading into recession. We believe a US recession is off the cards,” says Pictet Asset Management’s chief strategist Luca Paolini.