Luxury expert Scilla Huang Sun of GAM Investments sees growth ahead for luxury companies like Swatch and Richemont despite the recent drop in share price. This is because millennials are driving growth in the luxury sector, with luxury companies increasingly embracing digitalization and looking at how to attract this new demographic.
The European Commission decided to offer Switzerland six more months to agree on a new treaty and grant stock market equivalence. According to Norman Villamin, CIO of UBP, this could be a promising sign for further negotiations.
This Tuesday, global markets recovered on hopes of progress in U.S.-China trade relations. Meanwhile, the SMI finished up 1.92 percent to 8,715.08. Tonight’s Markets Summary looks at the latest volatility and a closing gap in treasury bonds.
It’s the start of a new week but world stocks didn’t turn a fresh page, with worries about Brexit and slowing economic growth still hanging in the air. Meanwhile, the SMI finished the day down 2.17 percent to 8,551.02.
After a week of volatile markets, Alastair McCaig, director of investment management at Fern Wealth, takes a step back for his analysis. Compared to historical data, he says, the current values are still low.
According to Anastassios Frangulidis, head of the multi-asset team at Pictet, investors should focus on defensive stocks next year. This is one of the reasons why the economist prefers Swiss heavyweights.
Even if UBS or Allianz are now allowed to control their Chinese operations, Beijing will not accelerate the opening of its market, argues Daryl Liew, head of portfolio management at Reyl Singapore. Liew also comments on the chances of a long-lasting trade peace between the U.S. and China.
With two women newly-elected as federal councillors, Guy Miller, chief market strategist at Zurich Insurance, praises gender diversity. But progress still needs to be made—and in Switzerland, too. Miller also shares his view on the U.S.-China truce, and what can be done to decarbonize the economy.