Analysis: Must Read

How did the Norwegian fund achieve its best quarter since 2023?

The world's most famous sovereign wealth fund also publishes its performance. This is understandable for an entity that alone holds 1.5% of global market capitalization. With a quarterly return of...

The Swiss stockmarket remains unfazed

The Swiss government has returned empty-handed from its impromptu visit to Washington, and tariffs are now in effect. However, the Swiss index is resisting, remaining stable, with the country's growth...

Trump appoints E.J. Antoni to head the Bureau of Labor Statistics

US President Donald Trump has appointed economist E.J. Antoni as the new commissioner of the Bureau of Labor Statistics , ten days after ousting the previous head, who was accused - without evidence -...

Donald Trump gives hope to the cannabis industry

The US president has quickly tackled most of his campaign promises, but not yet the one on cannabis deregulation. It is an issue on which he now seems ready to move forward, as stocks in the sector...

Tariffs: US consumers have yet to feel the impact

On the eve of a highly anticipated inflation report, investors are still trying to answer one question: who will pay the tariffs? So far, companies have absorbed most of the additional costs, but...

The momentum of AI is trickling down to nuclear power

Nuclear energy is back in the spotlight. The tailwind first came from politicians with climate targets in their sights, then from the crazy demand for energy fueled by AI.

China's producer prices fall more than expected in July, with the shadow of deflation still looming

Last month, a further decline in producer prices was recorded in China, reflecting the two headwinds facing the economy: weak domestic demand and US tariffs. This situation reinforces the need for the...

Trump appoints Stephen Miran to the Fed and keeps control over Powell's successor

Donald Trump is finally meeting his own deadlines. He had promised to appoint a new Fed governor this week, and yesterday he announced his choice, his adviser Stephen Miran. This is a temporary...

How did India lose touch with Washington?

How distant seem the images of Narendra Modi and Donald Trump last February at the White House. At the time, buoyed by the relationship they had built during Trump's first term, the Indian prime...

A painful rate cut for the Bank of England

The Bank of England reduced its key interest rate by 25 basis points on Thursday, bringing it to 4.0%. The meeting was marked by unusual difficulty in reaching a consensus.

Political instability takes center stage in Poland

Nationalist historian Karol Nawrocki has just been elected president of Poland. Barely sworn in, he is already attacking Prime Minister Donald Tusk. This is an opportunity to look back at the division...

American tech continues to crush everything in its path

Should we continue to bet on US tech? This is a question we have been asking ourselves for years, given the double-digit performance of these stocks and their high valuations. And yet, the conclusion...

European stocks caught up by lack of growth

After a strong start to the year, European stocks are now marking time. The lack of earnings growth is penalizing Europe compared to Wall Street. This is particularly true as investors are demanding...

OpenAI targets valuation of $500bn to offer shares to its employees

The California-based group is growing rapidly and plans to offer shares to its employees in order to retain them. Meta has begun poaching some of OpenAI's most valuable talent.

Dividends and uncertainty: a cocktail slowing capex and weighing on growth

While the IMF remains optimistic about global growth in 2025, the OECD is concerned about corporate investment trends. Investment, the engine of the economy, is stalling for a number of reasons.

United States: when statistics become a political weapon

The sudden dismissal of Erika McEntarfer, head of the US Bureau of Labor Statistics , by Donald Trump has reignited fears of political manipulation of economic data. This move weakens a key...

The never-ending story of Fed rate cuts

A disappointing jobs report has revived hopes of a Fed rate cut in September. Does this seem familiar? That's because it's exactly what happened a year ago.

Spectacular recovery in global mergers and acquisitions

Driven by giant deals in the US and the rise of artificial intelligence, the M&A market is recovering after two years of decline. The top 25 for 2025 is largely dominated by US companies.

Fed governor resigns, Powell's succession accelerates

Adriana Kugler's resignation as Fed governor creates an opportunity for Donald Trump. The US president will now be able to appoint his preferred successor to Jerome Powell. It is a nomination on which...