BNP Paribas Wealth Management

Dans ce podcast, Guy Ertz,  donne cinq faits financiers et explique pourquoi ils sont importants. Complétez vos connaissances sur les marchés financiers (actions, obligations, or) et apprenez quelques données à garder à l'esprit lorsque vous investissez. Hosted on Ausha. See ausha.co/privacy-policy for more information.

In today’s podcast, Edmund Shing, Chief Investment Officer of BNP Paribas Wealth Management, gives five financial facts and explains why they matter. Brush up on your knowledge of financial markets (stocks, bonds, gold) and learn a few figures to keep in mind while investing. Hosted on Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Guy Ertz explique ce qu'est la saisonnalité et comment les investisseurs peuvent en tirer profit. · Définition de la saisonnalité . Exemples concrets · Explication du dicton "Sell in May and go away" · Sur quels actifs les investisseurs devraient miser pendant les mois d'été ? Hosted on Ausha. See ausha.co/privacy-policy for more information.

 In today’spodcast, Edmund Shing, Chief Investment Officer of BNP Paribas Wealth Management, explains what seasonality is and what investors should know.  · Definition of seasonality  · Reasons for patterns  · “Sell in May and Go Away” explained  · Which assets should investors play over the summer months?  Hosted on Ausha. See ausha.co/privacy-policy for more information.

 Dans ce podcast, nos experts analysent 3 de nos 6 thèmes pour guider les investisseurs tout au long de l'été :  • Lorsque les perdants deviennentdes gagnants  • Surfer sur la vagued'investissements dans les technologies propres  • Rareté et Sécurité sont les nouveaux maîtres-mots  Hosted on Ausha. See ausha.co/privacy-policy for more information.

 In this podcast, our experts focus on 3 of our 6 investment themes to guide investors through the summer:  · When consistent losers become winners   · Ride the Cleantech investment wave   · Scarcity and Security are the new watchwords   Hosted on Ausha. See ausha.co/privacy-policy for more information.

In today’s podcast, Edmund Shing, Chief Investment Officer of BNP Paribas Wealth Management, defines greedflation and discusses whether it is a temporary or lasting phenomenon. Some concrete examples of greedflation (companies and industries) Why does this exist if competition is meant to prevent companies from charging supernormal profits? Is it a temporary or lasting phenomenon? What companies have seen strong earnings and stock price growth as a result of this deliberate price over volume strategy? How are consumers reacting to these price hikes?  Hosted on Ausha. See ausha.co/privacy-policy for more information.

Dans le podcast, Guy Ertz définit la greedflation et explique si ce phénomène va durer. • Quelques exemples concrets (entreprises et industries) • Pourquoi ce phénomène existe-t-il si les lois de l'économie visent à empêcher les entreprises de percevoir des bénéfices au delà du raisonnable ?  • Ce phénomène est-il temporaire ou durable ? • Quelles sont les entreprises qui ont enregistré une forte croissance de leurs bénéfices via cette pratique ? • Comment les consommateurs réagissent-ils à ces hausses de prix ? Hosted on Ausha. See ausha.co/privacy-policy for more information.

One of the puzzles of the global economy are the long lead lags on monetary policy. Rates were only raised last March by the Federal Reserve. In addition, fiscal stimulus in the US was underrated including the inflation reduction act and Chips act cushioned the economy as the US and other regions as well experienced a manufacturing capex boom as some supply chains begin to relocate. Labour hoarding of course remains with a still resilient employment market with unemployment near decades lows of 3.6% in the US and 6.5% in the Euro-zone. In that light, interesting some of the recent data points.   Last Friday For the first time in 15 months, US non-farm payrolls missed expectations at +209k versus expectations of +225k. This was in contrast to the ADP figure which beat expectations. Revisions to prior months were also negative and over the last 3 months average has come down from +244k from +283k. We may be finally seeing an impact on jobs growth from higher rates given the normal lags. Many of the job gains happened in health-care and government not other sectors. Average hourly earnings rose slightly more than expected at 4.4% vs. 4.2% expected, highlighting the challenge for the Fed. We expect a rate rise at the next meeting and then be on an extended pause.   Taiwan exports had another large downside negative surprise in June exports. Why focus on Taiwan? As Taiwan exports re often a lead indicator given its embedded nature in global supply chains. The exports dropped -23.4% year-on-year and -6.6% month-on-month in June. Technology exports fell -11.4% month-on-month and fell across most categories including metals, and machinery & transport.   Europe economic surprise index continues to miss with the PMIs including French and German last week.   Given uneven growth the focus will be on China what level of fiscal stimulus will be put in place in the upcoming Politburo and Plenum meetings later in the year?   To be clear global central banks will welcome some slowing in the economy just too much. US 5-year real rates are rising. Indicators watch for a steepening in the yield curve as we had in March?. We could have just had another double bottom in US 10-2 year yield curve inversion at over -100 bps last week before steepening from lows after the weaker data to -86bps. Also, the impact on earnings in terms of the outlook on the upcoming reporting season will be watched. Whether the data continues to weaken or not will be key in terms of a pattern and path of yields after the recent rise. This will also be key to our moderate recession forecast in the US next year and slowdown elsewhere. Hosted on Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing shares his thoughts about the correlation (or lack of)  between money and happiness. What is happiness, and can it be measured? Which countries have the highest average scores of life satisfaction? Are wealthy people happier than those who are not? Hosted on Ausha. See ausha.co/privacy-policy for more information.