Investment Commentary
October 2026

Switzerland

SNB Remains on Course

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European Union

Improved earnings outlook due to favorable economic conditions

READ

United Kingdom

READ

USA

United States – Strong Economy

READ

China

Economic Stabilization Creates Opportunities

READ

Japan

Japan – Monetary Policy Normalization Meets Structural Strength

READ

Emerging Markets

READ

Stocks

No "Risk-off" at Chefinvest

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Interest

The interest rate turnaround is taking a new direction

READ

Currencies

Currencies – Interest Rate Shift Shifts the Balance of Power

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Oil

Oil prices remain volatile

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Precious Metal

Gold and Gold Mines – Short-Term Interest Rate Pressure, Long-Term Support

READ