Newsroom

With another US regime change operation under way in Iran shortly after the more limited, successful January operation in Venezuela, questions are once again being asked.

Electricity demand is growing after years of stagnation, driven by electrification, reindustrialisation, and artificial intelligence, which are outpacing infrastructure expansion. 

2026 will not reward broad exposure to private markets, rather the deliberate exposure to the right strategies, structures and managers.

Banks are stepping back from risks, leaving private credit at the forefront

The currency expert at the Swiss private bank Union Bancaire Privée expects the dollar to weaken further, takes a dim view of negative interest rates, and is taking advantage of low market volatility.

In September, gold rose to new all-time highs, approaching USD 3,700 per oz. The upward move reflected several factors.

The start of autumn marks a turning point for the Federal Reserve; our rate outlook is shifting accordingly.

Overly defensive positioning has failed to benefit from fluctuations stemming from tariff tensions.

The prospect of continued Fed rate cuts will weigh on the US dollar

The prospect of lower oil prices and possible Fed easing is benign for most G10 currencies.

Risk appetite for equities holds firm, yet diversification is paramount.