Publications

H1 2025 Market Outlook

2025 brings economic uncertainty. With resilient US growth, European challenges, and emerging market opportunities, our CIO shares key insights for H1. Explore strategies to navigate turbulence and position your portfolio for success.

2025 is here, and uncertainty dominates the economic landscape. From resilient US growth to European headwinds and opportunities in emerging markets, our Chief Investment Officer, Jean-Chsitophe Rochat, shares key insights for the first half of the year. Discover strategies to navigate the turbulence and position your portfolio for success.


Key Highlights

  • The US economy, driven by consumer spending, remains solid, with a potential boost under Trump.
  • Europe, caught between weak growth and political risks, could benefit from increased monetary easing by the ECB.
  • Emerging markets continue to grow, supported by attractive valuations and improved investor sentiment.
  • Gold, the safe-haven asset, continues to shine, while energy, particularly oil, remains under pressure.
  • The dollar remains strong in 2025, buoyed by the US economy, but turbulence is possible in the second half of the year.

👉Download the full report and equip yourself for the months ahead: Outlook - H1 - 2025 - Banque Heritage

January 17, 2025

Publications

Letter from the CIO - April 2025

The first quarter of 2025 unfolded in an environment of high volatility, marked by notable divergences between asset classes and geographic regions.

April 09, 2025

Publications

The Gulf, a new El Dorado for investors?

For several decades, the Gulf countries have been redefining their role on the global economic stage.

March 28, 2025

Publications

Letter from The CIO - March 2025

Rising uncertainty is shaking global markets. While US equities falter, Europe is showing strength.

March 14, 2025