BNP Paribas Asset Management

In his much-awaited speech at the annual Jackson Hole central bankers’ symposium, his last as Chair of the Federal Reserve (Fed), Jerome Powell delivered a dovish surprise by opening the door wide to a rate cut at the FOMC’s upcoming meeting.

Geopolitical shifts are forcing many investors to rethink their regional allocation. This sets up an opportunity for European stocks. Already, they have outperformed US stocks by a good margin. We believe there is more to come as the continent starts to spend big on its own capabilities and embarks on reform.

Investors see private markets as a primary environment for thematic strategies shows BNP Paribas 2025 Thematics Barometer

With the US dollar battered by stop-start tariff policy, fiscal profligacy and questions about the independence of the Federal Reserve, where should investors turn?

As companies start reporting on second-quarter earnings, market expectations range widely. For the tech-heavy US NASDAQ 100 index, earnings are forecast to come in 14% higher than in the same quarter a year ago.

Among the current investment opportunities, private equity infrastructure stands out as a compelling option for investors seeking stable, long-term returns. Rodolphe Brumm sheds light on the intricacies and promise of this private assets segment.

Defence-related investing has taken over as the dominant investor theme for thematic exchange-traded funds.

Although occasionally there has been speculation about the status of the US dollar as the world’s dominant currency, the reality is that the dollar is the undisputed vehicle of transaction for global trade.

While many economists may find it reassuring that even the most advanced artificial intelligence appears unable to foresee President Trump’s next decisions on tariffs, not knowing what’s coming next does not really help investors.