Discussing the topics that matter

Equity

Global Equity Compass: Sep 2026

August highlighted an important shift in global equity markets. Confidence in the long-term potential of artificial intelligence (AI) remains intact, but investors are becoming increasingly selective about where they expect future returns to come from.

How we invest sustainably

Footprint and handprint: measuring both sides of a company's impact

Assessing both positive and negative impacts of a company's operations can help investors better identify risks, opportunities and sources of long-term value creation.

Equity

Europe is finally executing

For much of the past decade, investors have been told that Europe had potential. The continent offered attractive valuations, world-class companies and ambitious policy initiatives. Yet potential alone rarely drives equity returns.

Higher yields in Europe are sending more than one message

Bond yields are rising in Europe driven by global spillover and political uncertainty, but price moves also reflect a resilient eurozone economy, which could favour long-term investors.

Jackson Hole preview: Can Warsh convince the bond market?

This week’s Jackson Hole gathering puts the focus on whether Kevin Warsh can reinforce the Fed’s anti-inflation credentials. Any hesitation could push yields higher and weaken the dollar.

Macro

Gold back in focus as dollar weakens

Gold has pushed sharply higher in early August, gaining around 4–5% in a matter of days, with shares in gold-mining companies rising even more.