Post by Edmond de Rothschild

Nervousness gives way to hope. In our latest Monthly CIO View, Nicolas Bickel, CFA, Group Head of Investment & CIO Private Banking, notes that markets stand at a crossroads, with stubborn inflation, shifting rate expectations and persistent geopolitical tensions days before a long-awaited peace agreement between the USA and Iran on 19 June. He also stresses that innovation, from AI to space technologies, is increasingly shaping long-term growth prospects. In this macro and geopolitical environment, the coming weeks will be decisive for the inflation trajectory and central bank decisions, and investors may still consider holding safe-haven assets such as the dollar and gold. Yet we remain optimistic that easing tensions can support growth as well as financial market performance in the month to come. #MonthlyCIOView