Perspectives
Discover the key movements and emerging trends shaping global markets. Our biweekly publication provides a concise overview of the most relevant shifts and insights to help you better understand the forces driving today’s financial landscape, with additional editions issued as warranted by significant market developments.
Middle East conflict: Oil & LNG at the center of risk
A sharp Middle East escalation in early March 2026 materially tightened physical flows (Strait of Hormuz), pushing Brent above $100/bbl intraday today (9th March) and prompting talks on an unprecedented G7/IEA coordinated emergency stock release.
Gold: a strategic asset in a changing macro and geopolitical landscape
Layered investment thesis evolving from financial to structural drivers: The initial support for gold emerged in 2022–23 as real rates approached cyclical peaks. The framework subsequently broadened to incorporate deeper macro and institutional shifts.