Market Outlook: Week of December 8, 2025

Market Outlook: Week of December 8, 2025

At a Glance Equities & Bonds: Markets on edge ahead of key U.S. monetary policy decisions and next week’s inflation indicators. Heightened volatility expected in bonds. Rates / Central Banks: Final significant week before the Fed’s...
When Globalisation Cracks: How Economic Fragmentation Is Reshaping Prices, Trade and Supply Security

When Globalisation Cracks: How Economic Fragmentation Is Reshaping Prices, Trade and Supply Security

Across policy circles and boardrooms, one word has quietly become unavoidable: fragmentation. No longer a theoretical concern, it has taken shape in the form of desynchronised supply chains, highly targeted trade restrictions, and a global race to onshore critical...
Critical Week for Markets: Tensions, Transitions, and Opportunities on December 1, 2025

Critical Week for Markets: Tensions, Transitions, and Opportunities on December 1, 2025

Global Context : Markets & Macro Climate The week in Europe opens under a cautious mood: major European stock markets are expected to decline on Monday, awaiting numerous macroeconomic releases, notably manufacturing activity in the eurozone. On the energy and...
Global Energy Markets and Geopolitics: A New and Uneasy Equilibrium

Global Energy Markets and Geopolitics: A New and Uneasy Equilibrium

Energy markets in late-2025 move like a constellation pulled by several gravitational forces at once: geopolitics, supply chains, climate imperatives, and shifting centres of economic growth. What emerges is not chaos, but a new and still fragile equilibrium that...
GLOBAL ECONOMIC & MARKETS OUTLOOK: NOVEMBER 2025                                                                                               Beyond the Soft Landing is the Great Sectoral Divergence

GLOBAL ECONOMIC & MARKETS OUTLOOK: NOVEMBER 2025 Beyond the Soft Landing is the Great Sectoral Divergence

EXECUTIVE SUMMARY The global economy is navigating a multi-speed reality where traditional indicators mask radical sectoral transformations. While headline growth appears stable at 3.0% (IMF), beneath the surface we witness the most significant capital...
Global Trade Wars and the Steel Industry: Europe’s Hidden Fault Lines

Global Trade Wars and the Steel Industry: Europe’s Hidden Fault Lines

Global Context In the autumn of 2025, the global industrial order stands at a crossroads between trade confrontation and ecological transition. Rivalries between the United States, China, and, increasingly, the European Union are reshaping economic balances. Steel,...