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Discover how Europe’s quest for autonomy is creating new long-term opportunities across infrastructure, energy, and technology.

The war in the Middle East will dominate investor attention, as energy price dynamics will shape the outlook for inflation, growth and policy responses.

The State of the Polarized Union

In the US, the delayed job report will be in the spotlight. Market consensus is expecting 70k job creations and a stable unemployment rate, at 4.4%.

In the US, the job report will be in the spotlight. Market consensus is expecting 65k job creations and a stable unemployment rate, at 4.4%.

2025 was a contrasted year: a noisier political backdrop under Trump 2.0 with more volatility and, ultimately, another strong year for equities.

This week’s focus will be on the Fed decision and the subsequent press conference, where Jerome Powell is likely to face questions on the subpoenas and Lisa Cook’s Supreme Court hearing. Central banks in Canada and Sweden will also set rates.

Safe haven, inflation hedge, diversifier, or conviction asset – what role does gold play today?

The focus this week will be the World Economic Forum’s annual meeting in Davos, where US President Trump is scheduled to give a special address and where ECB President Lagarde is also expected to speak.

What role will AI play in the electricity revolution?

The focus this week will be on the US CPI report for December and the release of the Fed’s Beige book ahead of the FOMC end-January.

Investor focus at the start of the year will centre on the US December job report, as recent labour market signals have been increasingly noisy.

Data releases will be sparse during the holiday season as Christmas and New Year’s Day festivities around the world are expected to cool down financial market activity.

Artificial Intelligence (AI) has moved from buzzword to backbone of markets. Innovation is accelerating, capital spending is surging, and investors worldwide are paying attention. The excitement has echoes of a modern-day gold rush – but beneath the hype lie real, long-term shifts in how companies create value and compete.

Data-dependent investors may be well rewarded heading into Christmas, with a heavy US data slate – including the delayed jobs report and the key inflation prints.

For investors, the focus will be on the Fed’s decision and any accompanying dissents, while other key central bank meetings include those of the Reserve Bank of Australia, the Bank of Canada, and the Swiss National Bank.

At the start of the final month of the year, investor focus will be on global PMIs to gain insights into activity, prices and jobs in the manufacturing and services sector globally.

The fog is lifting but uncertainty about US data publication persists: We will learn when the delayed economic data will finally be released.

Markets extended their winning streak in October, ushering in stocks’ historically strongest quarter — the most wonderful time of the year. Momentum tends to build gradually: a modest October, a livelier November, and a December that often decides how wonderful the season truly is.

Markets extended their winning streak in October, ushering in stocks’ historically strongest quarter — the most wonderful time of the year. Momentum tends to build gradually: a modest October, a livelier November, and a December that often decides how wonderful the season truly is.

The upcoming days will bring a flurry of top-down macro and bottom-up micro events, setting up the scene for the final weeks of 2025.

News that US President Donald Trump is set to meet with Russian President Vladimir Putin in Budapest to discuss ending the Russian war in Ukraine will be followed closely.

Since the beginning of the month, France has been experiencing a new political crisis, with the Prime Minister Sébastien Lecornu struggling to build a stable majority.

The earnings season for the third quarter of the year will traditionally start with US financial institutions, including JP Morgan Chase

In October 2024, Spain suffered its costliest climate-related natural disaster on record, when severe floods swept through the Valencia region. More than 150 people lost their lives, and many more were injured or displaced.