China-United States: the technological Cold War
With the September Back To School season, the technological Cold War between China and the United States has resurfaced. China has banned Apple phones for its state employees, just days before the launch of the new iPhone 15.
The response from US authorities was swift. They launched an investigation into the Pro-60, Huawei’s latest smartphone, alleging that it uses a state-of-the-art microprocessor that could only have been designed with American technology.
Now, as Huawei is regaining lost ground (with some improper state aid), Apple has lost 10% of its market capitalization and is at risk of losing 10 million Chinese smartphones. A real tug-of-war is beginning between the White House and the Politburo, especially with the upcoming American elections next year.
In this long, grueling tennis match that risks having only losers, what will happen?
Lorenzo Fuscà, Head of Wealth Management, and Francesco Menini, Head of Investment Advisory at Banca Profilo, explain in the video.
The AI boom in the markets: opportunities and risks
It is customary on Wall Street to say that, in the long run, pessimistic investors appear to be the “smarter” ones, but in reality, it is the optimistic ones who make the money.
In the last month, the American market has confirmed this narrative with positive performances, despite most analysts preaching caution. While the Eurozone’s GDP confirmed a “technical recession”, the stock markets are rewarding the growth sector, tech stocks and artificial intelligence in particular, issues notoriously more sensitive to monetary policy decisions.
What opportunities and risks will AI technology bring to the markets?
They explain it in the video, Lorenzo Fuscà Head of Wealth Management and Emanuele Fino Investment Advisory of Banca Profilo.
Markets in May: the American public debt crisis
In recent weeks, the markets have remained suspended in a kind of “limbo” between fears about growth and the end of rate hikes, also due to the crisis in the banking sector in the US, with the bankruptcy of three financial institutions which then caused a strong tension on the whole sector on a global level.
Another major risk that lies ahead is that relating to the overrun of the US public debt ceiling, Washington will have to raise the debt ceiling to avoid falling into the risk of insolvency: Republicans and Democrats have little time to find an agreement and a definitive solution .
What will happen to Washington? Will Republicans and Democrats be able to reach an agreement?
They explain it in the video, Lorenzo Fuscà Head of Wealth Management and Stefania Cardone Investment Advisory of Banca Profilo.
Bank crisis: what’s happening to the markets
In the last week, the second largest bank failure in US history took place without any warning and the return of fears about financial stability.
A different story for what happened to Credit Suisse, a bank saved by a special operation, which will be the focus of our subsequent in-depth analysis.
In general, the scenario has brought fears back to the markets that seemed buried for a decade and for this reason it is important to maintain a rational approach, seeking defense in quality assets, waiting for future opportunities and taking advantage of the high yields currently found on the monetary , as well as Bots and Treasury Credit Certificates (Cct), which have become extremely topical again.
What will be the consequences of these failures? How will the markets react?
They explain it in the video, Lorenzo Fuscà Head of Wealth Management and Francesco Menini Head of Investment Advisory at Banca Profilo.
Markets: the year of China’s recovery
After the reopening, 2023 seems to be the year of restart for China after a negative period also due to the zero covid strategy and the consequent economic challenges it has had to face.
In general, the scenario remains uncertain and for this reason it is important to be more careful and selective in investment decisions: short duration, quality credit and emerging equity are the areas in which to look for opportunities.
What will be the consequences of China’s reopening? How will the markets react?
They explain it in the video, Lorenzo Fuscà Head of Wealth Management and Stefania Cardone Investment Advisory of Banca Profilo.
Palazzo Ducale: the exhibition on Rubens
At Palazzo Ducale for an evening dedicated to the visit reserved for the exhibition on Rubens on the occasion of the fourth centenary of the publication of the famous volume by the Flemish artist, Palazzi di Genova (1622).
On this occasion, there was also participation in the Grand Council Hall in the concert of the Ensemble Graindelavoix, a group of 10 singers from all over the world specialized in the recovery of ancient music.
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