
No systemic risk from SVB failure, but watch out for areas o...
2023 will be a two-speed year, with plenty of risks to watch out for.
Read moreUnderstanding the outcome of the 2022 US mid-term election and its policy, economic, and financial fallout
More > 10 minutesThe first electoral round was won by former President Lula. However, the incumbent, Bolsonaro, performed better than expected.
More 5 to 10 minutesLatAm’s dramatic elections calendar that landed three leftist presidents in the Andean region might be two-thirds over, but the political and policy uncertainty created by these election results is far from it.
More 5 to 10 minutesThe incumbent president’s re-election avoids an unpredictable political phase for France.
More 5 to 10 minutesUnderstanding the outcome, policy and investment implications of the second-round of French presidential elections.
More 5 to 10 minutesUpdate on the first round of the 2022 French Presidential elections
More 5 to 10 minutesThe French 2022 election cycle is starting in the context of the war in Ukraine which favours to the incumbent president.
More 5 to 10 minutesThe first half of Emmanuel Macron’s term (from H2 2017 to the Covid outbreak, in Q1 2020) featured a significant number of “structural” or “supply-side” reforms, of the type generally considered favourable to long-term growth.
More 5 to 10 minutes2021 Covid surging in 1H and inflation swelling in 2H have contributed to the political pendulum swinging hard left in LatAm. More structurally, the commodity super cycle unwind mid last decade and the political discontent likely set the entire shift in motion. Against the general trend, some elections cycles moved in the other direction as well.
More 5 to 10 minutesProfessional investors are Professional investors of the European Union, as defined as in European Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments(MIFID) to investment services providers and any other professional of the financial industry,and as the case may be in each local regulation, and, as far as the offering in Switzerland is concerned, a Qualified Investor within the meaning of the provisions of the Swiss CollectiveInvestment Schemes Act of 23 June 2006 (CISA), the Swiss Collective Investment SchemesOrdinance of 22 November 2006 (CISO) and the FINMA’s Circular 08/8 on Public Advertising under the Collective Investment Schemes legislation of 20 November 2008
European Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (MIFID)
Private customers or retail investors, or to investors who do not comply with the definition of qualified investors as defined in the applicable legislation and regulation
as defined in the US Securities Act of 1933
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