REYL Intesa Sanpaolo

Un séisme électoral fragilise le pouvoir au Japon 🗾 La récente élection législative au Pays du Soleil Levant bouleverse l'équilibre politique, révélant une insatisfaction croissante et de nombreuses incertitudes chez les Japonais. "Si les subventions temporaires peuvent aider à relever des défis économiques, les réductions d'impôts de grande ampleur créent des déficits de recettes durables.", écrit Luca Castoldi, CFA, Senior Portfolio Manager basé à Singapour. Lire l'article complet sur Allnews.ch, La finance suisse dans l'e-media : https://lnkd.in/e2R98Bkn

This week, the United States are due to elect their new President for a four-year term. Deficit spending into an election is not unusual, but it has become the elephant in the room. The US is living, economically, well beyond its means. "The analysis of what Republicans/Democrats will and won’t do isn’t set in stone", said Jack Loudoun, Chief Investment Officer based in Zurich. 🐘 Read our latest Market Insight "The elephant in the room": https://lnkd.in/exhpzaXV

We were delighted to take part in the Swiss Paralympic Partnermeeting on Thursday, September 26th in Zurich.   We were able to find out more about the organisation's activities in a warm and friendly atmosphere.   It was a unique opportunity to find out more about the 2024 Road and Para-cycling Road World Championships held between September 21-29 in Zurich.   A huge thank you to Swiss Paralympic, which we are proud to be supporting since 2019.

#MarketSnapshot According to our Asset Management team: "September JOLTS job openings report came in weaker than expected, near pre-COVID levels but still robust, not showing signs of a faltering US economy. October Conference Board’s Consumer confidence surprised to the upside, an encouraging sign that consumption is not about to fade. Both the Current Situation and the Expectations sub-indices rose, a good surprise for the former after 9 months of gradual decline, while the latter progressed further to 89.1, well above the 80 mark that is considered as the threshold under which recession risks are real. The ratio between the two has been progressing steadily since a trough in June 2022."

Donald Trump ou Kamala Harris ?   Le monde entier vibre au rythme des élections américaines, tant la bataille est serrée.   Pour les entreprises suisses, la question n'est pas tout à fait anodine.   Une certitude semble cependant se dégager d'après Nicolas Bürki, CFA, CMT, Senior Research & Product Manager : "Quel que soit le vainqueur le 5 novembre, la première économie mondiale devait rester sur la voie de l'atterrissage en douceur".   🗞️ Lire l'analyse complète dans l'AGEFI, Nouvelle Agence Économique et Financière (réservé aux abonnés) : https://lnkd.in/eJhXzj6x

"J'aimerais voir une augmentation des flux financiers du Nord vers le Sud." Alors que la toute première COP a eu lieu voilà près de 30 ans, la "green economy", ou économie verte, a connu un parcours mouvementé. Jon Duncan, Chief Impact Officer, livre son analyse à SPHERE Swiss Financial Arena en vidéo : https://lnkd.in/e4v4N__9

It is the first time in the 2000s that the Fed is cutting rates by 50 bps with no recession in sight, and only the second time in modern history.   This could be seen as both a pre-emptive measure against a slowing job market and a readjustment of real yields.   Read our latest Market Insight written by Fadi Barakat, CIO of REYL Finance (MEA): https://lnkd.in/edsPpdVb

Last week, Maxime Revenu was on the set of the Rendez-vous de la profession live from the Léman Bleu TV studios to talk about structured products. « It was a pleasure to be able to exchange during the "Rendez-vous de la profession" with my sell-side colleagues. We were able to discuss the latest innovations in issuer credit risk management in structured products and how we approach this theme to best meet the needs of our clients. As a reminder, structured products appeared in Switzerland about thirty years ago, shortly after their introduction in the USA. Switzerland is now the largest market for structured products in the world and is therefore at the forefront of innovation in this market. It is therefore important for any investor to stay informed about the numerous developments and solutions that this constantly evolving market offers.” 📺 Watch his speech (in French only): https://lnkd.in/e5an77c7

🗽 US elections: less than three weeks to go   In such a tied race, it is impossible to predict who will be elected on November 6th.   Economy is one of the main issues worrying Americans. When it comes to market impact, both presidencies promise different outcomes.   Discover where the candidates stand on key issues in an in-depth analysis from Françoise Maret, CFA,CAIA, FRM, Senior Advisory Portfolio Manager: https://lnkd.in/ezSr_Cve

What can be expected from the markets in the near future as rate cutting cycles begin in both Europe and the US?   This is the question Fadi Barakat, CIO REYL Finance (MEA), sets out to answer.   Read his Market Insight "A new era of monetary policy": https://lnkd.in/edsPpdVb