Insights

Companies with healthy cultures outperform peers, adapt to change, and deliver exceptional service. Preserving culture through growth ensures stability and continuity, benefiting both clients and the business itself. This Quarterly Letter explores how cultural strengths underpin our approach at Rothschild & Co and guide our investment decisions.

The US government entered a partial shutdown due to healthcare funding disputes. Economic impact depends on duration; markets remain stable, but worker furloughs and data delays pose risks.

Our wealth framework brings clarity and structure to personal finances by dividing wealth into distinct “pots,”. This approach helps individuals visualise their wealth in a more meaningful way, moving beyond abstract numbers to focus on real-life goals, such as lifestyle needs, long-term security, growth opportunities, and business interests.

Our Electrification Sphere brings clarity to the energy transition by convening industry leaders to address the challenges of powering AI and digital infrastructure sustainably. Through expert dialogue, the report explores how innovative grid solutions, renewable integration, and strategic investment can shape a resilient, decarbonised future for data-driven industries.

France faces political uncertainty as PM Bayrou’s minority government risks collapse ahead of a 8 September confidence vote. Budget issues, rising populism, and high debt challenge stability, but market impacts remain limited—for now.

China’s stock market is up ~28% in 2025, outperforming globally, but structural issues persist. Property woes, deflation risks, and geopolitical tensions cloud the outlook despite resilient exports and targeted policy support.

Despite fears, pensions aren't doomed. The real issue is economic output, not savings. Growth depends on labour, innovation, and productivity—not demographics alone. Misframed debates risk worsening outcomes unnecessarily.

In this Market Perspective, resilient markets continue to mask global uncertainty. AI optimism fuels tech stock momentum, but valuations remain stretched. With inflation sticky and tariffs rising, strategic caution persists in a shifting investment landscape.

Trump threatens new tariffs from August; markets react cautiously. Compromise expected, but trade tensions, volatility, and uncertainty remain elevated globally.

Rothschild & Co Wealth Management hosted Ed Conway and Fiona Howarth to explore how six key materials - sand, salt, iron, copper, oil, and lithium - underpin sustainability, and the global transition to cleaner energy.

Bitcoin dominates crypto’s $3.4tn market but lacks utility, stability, and intrinsic value. Stablecoins may offer a more viable, less volatile path for decentralized digital payments and broader financial inclusion.

No parent wants to pass on wealth to their children and watch them fritter it away. Here’s how to give your family the best chance in life while ensuring your wealth is protected for generations to come.

President Trump’s “One Big Beautiful Bill” proposes ~$3tn in tax cuts and spending, plausibly one of the single biggest fiscal handouts in US history. However, there are ongoing political and economic considerations.

Middle East tensions raise oil price risks, but markets remain calm. History shows geopolitical shocks don’t always trigger financial turmoil. Oil could surge—or fall—depending on conflict spread and trade disruptions.

Long-term interest rates are rising due to inflation expectations, debt concerns, and technical market factors, despite falling short-term rates and easing trade tensions.

Achieving a successful business exit is a significant milestone, and navigating this complex process requires careful planning and expert advice. We are proud to support Boardwave in its mission of accelerating success by offering insights and guidance on optimising exits for entrepreneurs.

The last 24 hours highlight the dangers of reactive investing. Despite market volatility from tariffs and trades, the S&P500 saw a major rally. Investors should remain cautious, sticking to their plans amid geopolitical uncertainties and market fluctuations.

President Trump's proposed tariffs could raise US rates from 2-3%, to over 20%, the highest level since the 1930's. The tariffs might raise around 2% of US GDP in revenue, potentially making the difference between growth and recession.

Our view of the long term is indelibly shaped by our 200-year history as a business. In this Quarterly Letter, we re-emphasise what 'long term' means to us, and how it shapes our approach to wealth management and investing.

The UK's Spring Statement has minimal economic and financial impact. Global investment portfolios should remain unaffected. Only from 2028/9 does policy become more restrictive than it was, with welfare cuts and fiscal tightening.

Trade tensions and President Trumps policies have caused market volatility. With global stocks down 7%, investors remain cautious amid uncertainty, with defensive sectors outperforming cyclical ones. European markets show resilience.

Global economic performance varies widely, but perceptions often differ from reality. Our latest macro scorecard ranks major economies, offering an objective perspective on prosperity, durability, and fairness across 16 nations.

Germany faces political uncertainty as coalition negotiations unfold, but its European commitments remain intact. Meanwhile, market impact from President Trump’s Ukraine rhetoric appears limited, with European defence spending set to rise as expected.

In this Market Perspective we examine President Trump’s economic policies, geopolitical risks, and market dynamics. As well as the potential impacts on global markets, trade relationships, and investment strategies.