Analysis: Must Read

On Wall Street, a rally that is broadening

For several years, US markets had gotten us used to heavy concentration around a handful of mega caps. But the rally is starting to broaden.

Why China's growth looks different from the previous decade

China's economy has been on shaky ground since Beijing put in place its ''three red lines'' to deflate the property bubble. The tightening of financing conditions in 2020 broke demand, drove down...

One year after The Hague, NATO is still under pressure from the United States

In 2025, NATO allies had pledged to raise defense spending to 5% of GDP. But bigger budgets do not solve everything.

Can you invest in defense responsibly?

Reconciling responsible investing, human rights and the defense industry? At first glance, the mission sounds like an oxymoron. But LBP AM's managers appear ready to take up the challenge. 'Our...

BofA raises its STOXX 600 target, but with a note of caution

BofA has raised its year-end target for the pan-European STOXX 600 index to 630 points, from 595 previously, an updated target that nonetheless implies downside potential of about 3% for the second...

Ali Khamenei's funeral, a show of force for Iran

Iran wants to present itself as the winner of the conflict with the United States.

This Week's Best Reads: Trips to Syria, Corsica, the US, the Rhineland, and space

Why AI could push interest rates lower, why small caps are back, why Europe is asleep at the switch as China advances… Here is our weekly selection of the most thought-provoking articles, financial...

Does the suspension of KNDS's IPO conceal a more serious problem?

In European financial markets, today's jolt is KNDS's surprise decision to suspend its initial public offering.

The Fed Is Taking Away the Market's Map

The June payroll surprise has revived the rates debate. But Kevin Warsh's larger shift is not about one data point: it is about asking investors to price more of the terrain themselves, and that...

The biggest structural macro shock expected in the coming years

Forget the Fed or geopolitics. The biggest macroeconomic shock likely to durably reshape the global economy and financial markets over the next few years could come from China.

Semiconductors on fire, oil has priced out the war, gold has fallen out of favor: a second quarter for the history books

The past three months have been intense for investors : the news cycle was packed and market moves were violent.

The French auto market posts a sharp rise in June

According to La Plateforme Automobile, in June, registrations of new passenger cars jumped 11.37% in France, for a total of 188 787 units on a raw-data basis. It should be noted, however, that June...

The Price of High Margins

At the end of the day, someone has to pay for them.

Market Mid-Year Review: Winners and Losers

The market remains bullish in this first half of the year, but jitters are never far away. Here is our assessment of the hits and misses from the first six months of 2026.

AI's picks and shovels: the investment case moves down the value chain

After the first wave of enthusiasm for model builders, investors are increasingly trying to isolate the segments of the AI supply chain where scarcity, pricing power and free cash flow may ultimately...

The Week's Best Reads: Trump's Dwindling Allies and the Great Air Conditioning Debate

France's heatwave has triggered a fierce debate over air conditioning, leaving many Americans wondering what there is to debate. However, air conditioning is not the only issue where Europeans and...

A Brief Respite for U.S. Inflation

The resolution of the Middle East conflict has sidelined the most dire inflationary scenarios. However, the debate over interest rate hikes remains far from over.

What does a $1 trillion valuation actually mean for OpenAI and Anthropic?

Is AI really a productivity revolution? Can companies building it turn its vast usage into vast free cash flow? Artificial intelligence is being sold as a productivity engine for the global...

Amrize Still Has to Prove Its Worth

Born from the spin-off of Holcim's operations, Amrize has inherited the Swiss cement giant's American exposure. The group benefits from a buoyant market, genuine pricing power, and growth potential...