Latest Markets Insights
Alternatives
Investimenti alternativi · 07 nov 2022
The biotech firm building the drug-hunting factory of the future
The work behind Eikon’s groundbreaking technology has already won a Nobel Prize. Now CEO Roger Perlmutter is on a mission to help the company realise its full potential.
Investimenti alternativi · 13 set 2022
With her climate-tech venture Sweep, Rachel Delacour has no time to lose
The co-founder and CEO of the French carbon-management platform wants to prove that it is possible to create value for investors and employees, while helping to protect the planet.
Investimenti alternativi · 05 lug 2022
General Atlantic’s Gabriel Caillaux on what it takes to be successful in private markets
Having worked for one of the world’s leading growth-equity investors for almost two decades, Gabriel understands that growth ‘doesn’t happen by miracle’. Here, he shares some valuable insights that are relevant for anyone interested in exploring private assets.
Commodities & Metals
Commodity e metalli · 26 mar 2026
Turbolenze sull’oro
Questo mese il prezzo dell’oro ha registrato un forte calo dopo i massimi record raggiunti nella prima parte dell’anno. Sul metallo giallo hanno pesato forze di mercato a breve termine, ma il suo appeal a lungo termine rimane supportato dalle persistenti incertezze geopolitiche e dai cambiamenti economici in corso.
Commodity e metalli · 14 feb 2023
The curious case of official gold demand
Find out why demand for the precious metal has increased exponentially last year.
Commodity e metalli · 29 dic 2022
Our 2023 outlook for precious metals
Silver could perform stronger than gold next year, while platinum could outpace palladium.
Commodity e metalli · 07 set 2022
Switzerland’s energy vulnerability
Dependence on Russian gas imports and storage capacity issues could make for a hard winter.
Commodity e metalli · 18 lug 2022
Precious metals - Outshined by the Fed
Precious metals have been hit hard by an ever hawkish Fed, high interest rates and a strong US dollar.
Commodity e metalli · 14 apr 2022
Gold: ETF demand to the rescue!
Gold has proved quite resilient to the rise in US real rates and could maintain its attractions over the medium term.
Commodity e metalli · 04 mar 2022
Surge in energy prices delays expected peak in inflation
Europe in particular is vulnerable to the impact of the Ukrainian conflict on commodity prices.
Commodity e metalli · 10 dic 2021
Gold and silver face near-term hurdles
Rising rates are likely to take a toll on investment demand for gold and silver in the coming months, but longer term the outlook looks brighter.
Currencies
Cambi · 21 lug 2026
Navigare la volatilità dei mercati valutari
Il dollaro USA, a lungo considerato un rifugio sicuro, si trova ad affrontare nuove pressioni. Le recenti politiche statunitensi hanno sollevato interrogativi sull’indipendenza della Federal reserve, spinto l’inflazione verso l’alto ed espanso il debito pubblico. In questo clima, preferiamo gli asset che i governi non possono stampare.
Cambi · 14 feb 2024
Currency strength puts pressure on Swiss central bank
After a sluggish start, we see growth picking up and benign inflation. But a strong franc could convince the Swiss National Bank to cut rates twice this year.
Cambi · 20 lug 2023
Currencies: US dollar
The US dollar may prove volatile in the coming months.
Cambi · 22 dic 2022
Our 2023 outlook for currencies
A volatile end to US dollar outperformance.
Cambi · 13 lug 2022
Yen’s risk-reward profile becoming more attractive
How the interest-rate gap between the US and Japan evolves will likely remain the main determinant of the yen’s performance in the months ahead.
Cambi · 08 lug 2022
The euro faces growing downside risks
Having already declined against the US dollar this year, we have lowered our forecasts for the single currency to take account of the fall-out from energy concerns.
Cambi · 27 apr 2022
The search for income in FX markets
Currencies from secured commodity producers like the Norwegian krone and Canadian dollar will play a part in the eventual solution for Europe’s energy independence from Russia. This goes with our 2022 Income repression continues investment theme around the search for income in a low-yielding environment as high-quality cyclical currencies can offer an attractive interest rate for holding them and can also provide portfolio diversification benefits.
Cambi · 16 feb 2022
Moderate Swiss franc depreciation is on the cards
A central bank in no hurry to raise rates could mean the Swiss franc loses some ground to the euro in the coming months.
Equities
Rapporto speciale · 02 mar 2026
The long-term performance of Swiss equities and bonds (1900–2025)
Pictet Wealth Management has released the updated edition of its study on the long-term performance of Swiss equities and bonds. The analysis now extends back to 1900 – previously 1926 – and includes the performance of Swiss equities and Swiss franc-denominated bonds from 1900 to 2025.
Azioni · 26 apr 2024
Pictet Wealth Management rolls out a new strategic asset allocation
Yannick Bigeard, Head of Portfolio Structuring at Pictet Wealth Management, was interviewed by EQDerivatives on PWM's evolving strategic asset allocation and some important upcoming projects.
Rapporto speciale · 26 gen 2023
La collezione di Aarti Lohia è lo specchio del gusto e del percorso personale
Appassionata d’arte e filantropa, sostiene che diventare collezionista non sia mai rientrato nei suoi piani. Tuttavia, ora non solo è una voce autorevole, ma la sua opinione è tenuta in grande considerazione nel panorama dell’arte contemporanea.
Azioni · 17 gen 2023
Things look up for Chinese equities
Faster-than-anticipated re-opening together with a range of technical and fundamental factors mean we are raising our year-end forecasts.
Azioni · 22 dic 2022
Our 2023 outlook for developed markets equities
Margin pressure will stifle 2023 earnings growth.
Azioni · 21 dic 2022
Our 2023 outlook for equity volatility
Prospect of recession will feed into volatility, with a chance we see renewed skew steepening.
Azioni · 31 mar 2022
China: a time for active management
Despite signs of economic stabilisation and low valuations, we remain cautious on Chinese equities.
Azioni · 09 dic 2021
Our 2022 scenario for EM equities
Headwinds for emerging-market stocks will likely persist in 2022.
Fixed income
Rapporto speciale · 02 mar 2026
The long-term performance of Swiss equities and bonds (1900–2025)
Pictet Wealth Management has released the updated edition of its study on the long-term performance of Swiss equities and bonds. The analysis now extends back to 1900 – previously 1926 – and includes the performance of Swiss equities and Swiss franc-denominated bonds from 1900 to 2025.
Reddito fisso · 27 nov 2023
Emerging-market bonds: 2024 outlook
Emerging-market bonds, both government and corporate, will be an attractive source of portfolio diversification.
Reddito fisso · 23 mag 2023
Credit markets update
Challenging environment ahead
Reddito fisso · 06 apr 2023
Bonds’ roller-coaster ride may not be over yet
We believe market pricing of Fed rate cuts this year is premature, opening up the chance of a small rebound in two-year Treasury yields.
Reddito fisso · 17 feb 2023
Our 2023 outlook for Italian sovereign bonds
A ray of sunshine through the clouds.
Rapporto speciale · 26 gen 2023
La collezione di Aarti Lohia è lo specchio del gusto e del percorso personale
Appassionata d’arte e filantropa, sostiene che diventare collezionista non sia mai rientrato nei suoi piani. Tuttavia, ora non solo è una voce autorevole, ma la sua opinione è tenuta in grande considerazione nel panorama dell’arte contemporanea.
Reddito fisso · 12 gen 2023
Our 2023 outlook for emerging-market bonds
We expect Asian corporate bonds to make a comeback this year thanks to Chinese re-opening, while local-currency bonds could be helped by an end to US rate rises and currency trends.
Macroeconomics
Macroeconomia · 28 set 2026
Weekly house view | I mercati conquistati da Muse
Il punto di vista del CIO sulla settimana a venire.
Macroeconomia · 25 set 2026
Energy independence and access to commodities in the era of electrification
Energy independence and secure access to commodities have become central to economic policy in the 2020s, shaped by geopolitical uncertainty, market volatility and the global climate transition.
Macroeconomia · 23 set 2026
The great scramble for resources
Today’s increasingly fragmented world is driving a dash to secure resource sovereignty. Across the globe, governments are prioritising energy security and access to key commodities in the face of conflicts, trade barriers and climate change.
Macroeconomia · 23 set 2026
From monetary independence to fiscal dominance?
In previous “Horizon” publications, we have highlighted several structural trends shaping economies, including demographics, deglobalisation, decarbonisation, debt and digitalisation. Successive crises – such as the Covid pandemic, the war in Ukraine, the trade war and the recent Middle East conflict – have exacerbated these trends.
Macroeconomia · 21 set 2026
Stablecoins versus the digital euro
The rapid evolution of digital finance has brought stablecoins and central bank digital currencies (CBDCs) to the forefront of global economic discussions. Stablecoins, which are digital assets designed to maintain a stable value, have experienced explosive growth. This is prompting new regulatory frameworks and raising important questions about their impact on financial stability, monetary policy and the international monetary system. At the same time, central banks are exploring digital currencies to preserve monetary sovereignty and adapt to changing payment landscapes.
Macroeconomia · 21 set 2026
Weekly house view | Xi-Trump, secondo round
Il punto di vista del CIO sulla settimana a venire.
Macroeconomia · 15 set 2026
Gli anni 2020 in prospettiva storica
Sir Niall Ferguson ha dedicato la sua carriera a spiegare come la storia economica possa contribuire a orientare le decisioni di politica contemporanea. La sua più recente teoria, denominata «legge di Ferguson», mette in luce come l’eccessiva espansione fiscale degli Stati Uniti minacci la sostenibilità nel tempo del potere americano proprio mentre emerge una seconda Guerra fredda tra gli Stati Uniti e la Cina.
Macroeconomia · 14 set 2026
Weekly house view | Le obbligazioni in difficoltà per il rialzo dei prezzi
Il punto di vista del CIO sulla settimana a venire.
Perspectives
Prospettive · 03 ago 2022
César Pérez Ruiz shares his “3 on the 3rd” for August
César's top 3 summer reading recommendations
Prospettive · 02 ago 2022
House View, August 2022
Prospettive · 04 lug 2022
House View, July 2022
Pictet Wealth Management’s latest positioning across asset classes and investment themes.
Prospettive · 03 lug 2022
César Pérez Ruiz shares his “3 on the 3rd” for July
César Pérez Ruiz on Chinese equities, Japanese yen & Macro strategies
Prospettive · 07 giu 2022
The evolution of corporate governance best practice
Corporate governance best practices around the world have evolved considerably over the last two decades. This has been driven by a combination of both bottom-up and top-down initiatives. One notable outcome of both drivers is the ascendancy of corporate social responsibility (CSR) as a business priority.
Prospettive · 03 giu 2022
House View, June 2022
Pictet Wealth Management’s latest positioning across asset classes and investment themes.
Prospettive · 04 apr 2022
House View, April 2022
Pictet Wealth Management’s latest positioning across asset classes and investment themes.
Prospettive · 03 mar 2022
César Pérez Ruiz shares his “3 on the 3rd” for March
César Pérez Ruiz on Defensive growth, Macro hedge fund strategies & The new Marshall plan
