Analysis: Must Read

Berkeley warns of pressure from UK housing regulations

On Friday the upscale British property developer Berkeley expressed concern at the scale and speed of regulatory changes in the UK housing sector, pointing out that these developments are putting...

The Great Federal Workforce Slimdown

President Donald Trump and tech mogul Elon Musk have embarked on a mission to trim the federal workforce, which numbers a hefty 2.3 million. So far, over 100,000 employees have either been shown the...

Trade war or war on drugs: What's the logic behind tariffs?

Yesterday, Wall Street experienced another session punctuated by Donald Trump's tariff announcements. What's hard to understand in this sequence is that the two countries most targeted by these...

Wall Street: where are the IPOs and M&A?

After uncorking the champagne on the night of Donald Trump's election, investment bankers are suffering from a hangover. The champion of deregulation and low interest rates was supposed to promise...

Two central banks, three nationalities, Goldman Sachs: Who is Mark Carney, Canada's new strongman?

Former governor of the Bank of Canada and the Bank of England, Mark Carney is promoted in charge of the country. A crisis manager who must now prove himself in politics.

Money market funds recover money from shunned investors

It's a familiar refrain amongst investors: as soon as uncertainty knocks on the door, they switch to money market funds. And this time, it's the White House that's playing spoilsport by stepping up...

The shutdown approaches: What impact for the economy and markets?

Republicans and Democrats must reach an agreement on funding for 438 federal agencies by midnight on March 14, failing which vast swathes of the US government will cease operations: the so-called...

United States: The feeling has turned

Macroeconomic data have deteriorated in recent weeks, indicating a reversal in sentiment. The narrative about the US is shifting. And it's the S&P500 that's suffering.

The Must-Read Articles: Machiavelli vs. Trump, a huge financial scam and still plenty of AI

AI continues to reshuffle the cards. Trump terrifies the markets. Europe watches the semiconductor train go by… Business as usual, in short… But can things change? In any case, financial scams...

The European Union ready to mobilize 800 billion euros for its defense

The European Union is set to take a major step forward in strengthening its defense capabilities. Ursula von der Leyen, President of the European Commission, has announced a series of measures that...

Trump's new taxes on Canada and Mexico worry Wall Street

The Trump administration is preparing to impose 25% tariffs on imports from Canada and Mexico as early as Tuesday, putting companies and financial markets under pressure....

Germany: a model on its last legs

On Sunday February 23, the Christian Democrats of the CDU, led by Friedrich Merz, came out on top in the parliamentary elections. The central scenario is now the formation of a grand coalition between...

How Trump and Bessent want to bring down the US 10-year?

This is one of Scott Bessent's key objectives: to bring down long rates. To hear him tell it, everything put in place by the Trump administration should help. But the dynamics of the US economy and...

US inflation - a nasty surprise that changes everything?

Prices continue to climb in the United States, with inflation higher than expected in January. This acceleration is complicating rate cut expectations and shaking up the markets, while the dollar is...

US employment: Why is the markets' key indicator unreadable?

The US economy created 143,000 jobs in January. A slight disappointment in relation to expectations, but one that does not call into question the strength of the US labor market. While this...

Why are companies fleeing California for Texas?

A radical change is taking place in the American business world. When it comes to doing business, we're no longer looking to the West, but to Texas and the Southeast. Elon Musk has packed his bags. So...

Tariffs: Donald Trump attacks the United States' three main trading partners

Donald Trump is hitting hard by imposing tariffs on Canada, Mexico and China. Behind the stated ambition to protect America, a negative-sum game is underway, with repercussions that will be felt well...

Why Deepseek could be good news for the global economy?

While Deepseek's irruption has rattled several iconic companies in the AI trade, the implications for the economy as a whole could be positive, particularly for productivity, which will be the great...

Central banks and the eternal neutral rate debate

This week, the Fed and ECB hold their first meeting in 2025. Donald Trump's return to the White House adds further uncertainty to a rate cut schedule that has already been in flux in recent months....