Market Update – September 2026
August was a month of loud headlines and quiet markets. The Strait of Hormuz stayed at the center of the global risk equation, Brent held near USD 92, and the Fed, the ECB and the BoJ all maintained their positions.
August was a month of loud headlines and quiet markets. The Strait of Hormuz stayed at the center of the global risk equation, Brent held near USD 92, and the Fed, the ECB and the BoJ all maintained their positions.
When choosing a wealth manager, should performance be the only criterion? The question is a legitimate one. But it remains incomplete. While performance is easy to measure, it does not, on its own, tell us where value is truly created.
July looked calm from a distance and was anything but underneath. Headline indices barely moved, yet the makeup of the market changed.
Communicating a financial strategy is not always straightforward. Between investment scenarios, financial projections, performance indicators and risk analyses, it can be challenging for clients to quickly grasp the key elements.
June rewarded patience over prediction.
The Iran ceasefire pulled the Middle East risk premium out of oil and gold almost as fast as it went in, and risk sentiment came back with it. Stocks rallied on the relief, with European equities rallying the most since the region is more exposed to oil prices.