🌎 Discover the main highlights of the week:

✅ China's tech sector is surging, with the Hang Seng Tech index up 20%+ since January, fueled by AI optimism and key players like Xiaomi and Alibaba. The breakthrough of DeepSeek signals China's growing dominance despite U.S. chip restrictions, drawing investor confidence. Structural strengths like manufacturing power, industrial policy, and momentum support long-term growth, attracting foreign capital. Risks remain—trade tensions, U.S. sanctions—but undervaluation vs. global peers suggests more upside potential.

✅ Less than 2 weeks to go to the early elections in Germany—the political landscape is drastically changing, with the 3 main parties weakening and Linke on the rise. Friedrich Merz's CDU/CSU remains in the lead with 29%, but the AfD and SPD are slipping back, making alliances complex. Merz has been criticised for his rapprochement with the far right complicating the negotiations for a possible coalition between the parties. A multi-party government will be needed, excluding the AfD, as no major party wants to form an alliance with them.

✅ Fed Chair Powell reaffirmed that interest rate cuts are not imminent, emphasising the need to balance inflation control with economic stability. Despite Trump's tariff plans, Powell avoided linking them to inflation, maintaining the Fed’s data-driven policy approach. Strong wage growth and stable inflation forecasts support the cautious stance, with policymakers ready to adjust if needed. Meanwhile, proposed tariffs on Canadian oil could disrupt U.S. refineries, highlighting the complexities of cross-border energy ties.

✅ Japan's economic stagnation post-bubble serves as a cautionary tale for China, which faces similar challenges like a collapsing property market and demographic headwinds. Despite parallels, China differs in policy responses, debt levels, and growth potential. China's property issues are mainly residential, affecting consumer confidence rather than corporate stability. Unlike Japan, China has more room for growth due to its lower per capita income and proactive monetary policies. China aims to avoid Japan's fate by boosting domestic demand and leveraging technological advancements.

✅ Traditional portfolios are outdated—welcome to 3D investing: Diversification, Diversification, and... Diversification. With bonds becoming too volatile and equities less predictable, investors are shifting towards hybrid strategies, integrating private debt, private equity, and infrastructure to generate returns that are less correlated with traditional markets. This paradigm shift demands active, agile & forward-thinking management. In 2025, staying passive won’t cut it—only innovators & strategic diversifiers will thrive. The future belongs to investors who master next-generation diversification!

👉 For more expert insights, visit our website: https://lnkd.in/e8uM7ADG

Disclaimer: https://lnkd.in/ekpWuFjf

A Morning of Insights at the Louvre

Yesterday, our Mirabaud France team, represented by Stéphane JAOUEN, had the pleasure of hosting an engaging economic breakfast. The discussion was followed by an exclusive guided tour of the Musée du Louvre's exceptional collection of French paintings, sculptures, and decorative arts.

A big thank you to our esteemed experts—John Plassard, Frédéric Rozier, Yann Azuelos and Nicolo Acquari—for sharing their valuable insights. We are also grateful to the Fonds de dotation du musée du Louvre for their warm hospitality.
A perfect blend of finance, culture, and conversation to start the day!

#Mirabaud #EconomicInsights #Finance #Investment #WealthManagement #Louvre #Paris

Sweet moments at Chocolats Favarger! 🍫✨
Mirabaud employees got hands-on at a chocolate atelier, crafting their own delicious creations. A big thank you to the Mirabaud Charity & Leisure Committee for organising this unforgettable experience!
#MirabaudMoments #SweetSuccess #TeamBonding

Donald Trump’s return to center stage has acted as a global “wake-up call,” shaking up established certainties and forcing a reevaluation of geopolitical dynamics. Nations are now compelled to reinvent their sovereignty in response to these shifting global influences.

Let’s discuss current strategies adopted by Europe, Asia, and the Middle East to mitigate risks, with our investment expert John Plassard.

In today’s volatile market, one thing is certain: uncertainty is here to stay. Trump’s administration measures are unlikely to bring stability. Investors are now facing the American roulette. 🎰

Discover the impact on the Bond Market through insights from Catherine Reichlin Senior Bond Analyst.