Analysis: Must Read

ABC of financial analysis: the six pillars of asset valuation

Whether one is acquiring equity stakes in a company, debt securities, real estate, forestry or agricultural assets or infrastructure, these are the six key parameters which, barring speculative...

Tesla is falling everywhere… except on the stockmarket

Elon Musk has spent much of the year focusing on Tesla's robotics ambitions and on securing approval for his new $1 trillion pay package. In the meantime, the outlook for the carmaker's core business...

The Advent Calendar of US Macro Data

The shutdown has thrown the American statistical apparatus into disarray, depriving investors of data for a month and a half. During that time, data collection was suspended. It will therefore take...

Rachel Reeves' impossible budget equation in the UK

One year after an initial fiscal shock of £40bn, Rachel Reeves is preparing new tax hikes to restore the public finances. But weak growth, doubts over the OBR's forecasts and jittery markets make the...

National security or technological dominance: the dilemma over exporting Nvidia chips to China

Commerce Secretary Howard Lutnick yesterday confirmed that the Trump administration is considering allowing the export of Nvidia's H200 chips to China. The final decision will rest with President...

War in Ukraine: a new flurry of diplomacy and little progress

Last week, the United States put a new peace plan for Ukraine on the table, one that is highly favorable to Russia. Since then, talks have once again accelerated. Substantively, Russian and Ukrainian...

Strategy soon to be ejected from the MSCI USA and Nasdaq 100?

Strategy. Michael Saylor's company, which built its legend by wrapping bitcoin into a listed stock, is facing an existential test: the cold, procedural threat of being removed from the major indices -...

Earnings calendar from 24 to 28 November 2025: Dell, Alibaba, Prosus and Julius Bär to end with

Welcome to the earnings calendar for listed companies for the week of 24 to 28 November 2025. Amongst the main announcements this week are Prosus, Alimentation Couche-Tard, Alibaba, Deere, Dell,...

Understanding geographic dynamics in luxury

Business remains complex in the luxury world, but signs of a rebound are beginning to show. Nothing is being called into question, provided that the big groups remain agile.

The most unpredictable year in G20 history is about to begin

The weekend summit in South Africa marks the end of four years of Global South leadership at the G20. For the year ahead, it is the United States' turn to push its agenda and lead the discussions. The...

Can we invest in China again?

China has repeatedly been considered an uninvestable land in recent years. It is true that stock investment in autocracies does not seem the wisest of choices, although foreign investors have...

In Japan, inflation accelerates… and the pace of rate hikes?

Inflation rose to 3% in October, increasing the likelihood of a further Bank of Japan rate hike. Consumer prices in the archipelago have now topped the central bank's 2% target for the 43rd...

Tesla: Musk's previous compensation plan could erase years of profits

While the board recently approved a new, substantial remuneration package for its CEO Elon Musk, legal action surrounding the prior 2018 plan could pose a major risk for the electric-vehicle maker. ...

Employment: Mixed signals ahead of the Fed's decision

In September, the US economy added 119,000 jobs, well above the consensus of 51,000. The December Fed rate hold remains the central scenario.

Investors comfortable in their bubble

Bank of America published the latest edition of its fund manager survey yesterday. The findings are somewhat paradoxical: positioning is clearly bullish, but there are high fears of an AI bubble.

Kering: three years to get back to the top

Kering's return to growth will require less dependence on Gucci, its flagship brand that is in difficulty, with a further reduction of its boutique network, and strengthening of internal synergies,...

French debt: a national burden and a source of income for investors

From we are at war to whatever it takes, the French president, Emmanuel Macron's words marked the health crisis. While the pandemic is now a thing of the past, its budgetary consequences linger. Above...

Between fiscal stimulus and monetary tightening, Japan is walking on a tightrope

The prospect of a new fiscal stimulus plan has reignited pressure on long-term rates and weakened the yen. Against a backdrop of already high inflation, the new prime minister's desire to revive the...

Dealmakers' revenge: M&A is back from the dead

Investment banks are on track to print $4T in deal value with record bonuses to go out after three brutal years, just as markets start to show cracks.