Market Overview : February 2025

Stock markets on the rise, tech on pause · 11 February 2025

Global markets started the year positively, contrasting sharply with the nervousness seen in December. Most asset classes saw gains in January. If optimism seems to have returned to the markets, the outlook remains nuanced, shaped by chaotic American politics, technological innovations and the trajectory of interest rates. Stocks posted a solid performance in January, led by Switzerland and Europe. Rate cuts implemented by the Swiss National Bank, combined with strong earnings from healthcare companies, gave Swiss stocks a boost. Anticipation of a rate cut from the European Central Bank (ECB) has supported risk sentiment across the continent despite a moribund economy. For once, the American market, although positive, remained lagging behind. Investors have likely adjusted their expectations regarding Federal Reserve rate cuts. Continue reading (...)

Documents

Market Overview : February 2025 - EN Survol des marchés : Février 2025 - FR