Insights

The world's window of opportunity to prevent climate breakdown is narrowing and decisive action is needed.

Global economic growth is faltering markedly and indicators point to an extended period of subdued growth. Although easing bottleneck pressures points to a material drop in inflation during the second half of 2022, will this be enough to calm central banks?

Im September trafen die Befürchtungen einer weltweiten Rezession und einer Straffung der Geldpolitik die Kapitalmärkte hart: Sowohl globale Aktien als auch globale Staatsanleihen gaben nach, als die Fed und die EZB ihren Straffungszyklus fortsetzten.

In his role, Mr Bossart will apply his advisory experience to clients in Switzerland and bring Rothschild & Co’s global platform to them.

At different paces, and with varying displays of conviction and credibility, western central banks are continuing to raise interest rates, closing the stable door ever more firmly as the inflation horse canters merrily on the horizon. As we write, the rates priced into the money markets suggest that US, eurozone and UK policy rates will peak at 4.6%, 2.9% and 4.9% respectively, and will do so during 2023. Swiss rates are expected to peak at 2.2%, during 2024.

Sterling has fallen further after the UK's "fiscal event", making higher interest rates even more likely. However, its all-round weakness is being overstated, as is the threat to the UK government's creditworthiness.

Fernanda will work closely with Client Adviser teams, focused on optimising relationships with clients.

International tensions and geopolitical risk – which have rarely given rise to major market inflections and have often been relegated to the background by investors – are now back in the spotlight.

Das Hauptrisiko für die globalen Wachstumsaussichten bleibt die hartnäckige Inflation von heute. In dieser Marktperspektive beleuchten wir die makroökonomischen und marktbezogenen Rahmenbedingungen - einschließlich einer eingehenden Betrachtung des globalen Inflationsverlaufs - sowie den anstehenden politischen Kalender.

It is the worst calendar year return (so far) for bonds, some value may finally be re-emerging in the high-quality government bonds that comprise the core of the global market. Is it time to retire the acronym TINA (‘There is No Alternative’)?

David de Rothschild is appointed Honorary Chairman of the Rothschild & Co Supervisory Board. Marc-Olivier Laurent is appointed Chairman of the Rothschild & Co Supervisory Board

As a country with an extremely vibrant economy, where personal wealth is growing fast, Israel is a key market for Rothschild & Co, with huge potential for its Wealth Management business

UK inflation, already at uncomfortable levels, is set to grind higher, peaking at 13% by year-end – according to the Bank of England – followed by only a gradual descent to perhaps 6% by the end of 2023.

Will another bad UK CPI hit growth? Real pay fell sharply in the last year after rising unexpectedly over the pandemic. Did consumers get used to that higher level of pay? If not, wiggle room now may be higher.

The US headline inflation rate softened in July, though there is still uncertainty over its trajectory going forward. In this Strategy Blog, we highlight a few important observations which suggest that this may not have been another false summit.

Strong first half performance.

Trotz anhaltender globaler Wachstums- und Inflationssorgen erholten sich die Kapitalmärkte im Juli: Die globalen Aktien legten deutlich zu, nachdem sie im Juni ein Jahrestief erreicht hatten. Auch die weltweiten Staatsanleihen verzeichneten kräftige Gewinne.

In the 9th edition of Mosaique Insights we take a closer look at what type of investments can thrive in challenging times and shed some light on the topic of inflation. We will also take you on a trip to the Nordics and introduce you to our new Rothschild & Co Switzerland Art Collection and Exhibition Series.

As society ages across the developed world, purchasing power is shifting to the Baby Boomers. This in turn is opening up new markets for companies servicing the silver economy. In this infographic video, find out more about navigating shifting demographics.

While dramatic daily fluctuations in stock market indices are alarming, the current volatility in bond markets is perhaps even more concerning. In this Strategy Blog we examine the relationship between these asset classes amid this challenging investment landscape.

Die Volatilität war bei Aktien und Anleihen weiterhin hoch. Globale Aktien fielen stark und erreichten Mitte des Monats kurzzeitig ein neues Jahrestief, ebenso wie globale Staatsanleihen.

While the overriding narrative often deems ‘sticking to one’s guns’ as an admirable choice, as investors, we recognise the value of altering one’s approach where necessary. In this Quarterly Letter we discuss the language and psychology behind this phenomenon, and why changing your mind is so essential to long-term investing.