Asset Management: Monthly Macro Insights - December 2025

Despite geopolitical tensions and trade frictions, GDP growth in 2025 proved surprisingly resilient, slowing only slightly compared to 2024. However, vulnerabilities remain, as several factors that have supported the global economy thus far may prove to be temporary.

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by Marc-Antoine Collard, Chief Economist and Head of Economic Research

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  • Rothschild & Co wins Best Debt Advisory Firm for Companies

    Awards

    Rothschild & Co has been named Best Debt Advisory Firm for Companies by GlobalCapital at its 2026 Bond Awards, marking our fourth consecutive win in this category.

  • Gold: an old metal in a new world

    Insights

    After a challenging period marked by geopolitical tensions, persistent inflation and shifting central bank policies, gold has recently come under renewed pressure. Having risen strongly since late 2023 and reached multiple record highs, the metal is now trading at a six-month low.

  • Rothschild & Co to acquire Marcard, Stein & Co, strengthening growth in German wealth management

    Press releases

    Rothschild & Co has today signed an agreement to acquire 100 per cent of the shares in Hamburg-based Marcard, Stein & Co. This transaction demonstrates Rothschild & Co’s continued commitment to its German wealth management business in a strategically important market to the Group.

  • Five years of impact: Rothschild & Co Foundation sets out its strategy to 2030

    Corporate Sustainability

    Rothschild & Co Foundation has launched its new strategy to 2030, marking the next chapter in its work to support future generations and strengthen the systems that shape their lives.

  • Growth Equity Update

    Insights

    The 51st Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory.

  • SpaceX: Infinity and beyond?

    Strategy Blog

    Markets are preparing for a wave of megacap IPOs led by SpaceX, amid strong AI-driven optimism. While liquidity should absorb issuance comfortably, questions remain around valuations, passive investing, concentration risk and index influence.