Comme à l’accoutumée la période estivale est propice à des secousses. L’été 2024
n’aura pas fait exception, les intervenants réagissant au quart de tour à toute nouvelle
ne correspondant pas aux anticipations, créant un climat d'incertitude. Plus d'infos
A two-stage start to the year: momentum, then a reality check.
The quarter began in a constructive mood, before a geopolitical shock reshuffled the deck. In January and February, markets were mainly encouraged by the continuation of disinflation, resilient earnings, and the idea that the major central banks could remain, if not accommodative, then at least less restrictive than in 2024–2025. More info
Rue St-Honoré 5
P.O. Box 1911
2001 Neuchâtel
P +41 32 725 25 60
Allée des Grand'Places 1
P.O. Box 189
1701 Fribourg
P +41 26 322 62 53
