Analysis: Indices

LVMH, Kering, Hermès… When the luxury empire starts to wobble

There is no longer any stock market miracle for luxury names. The string of profit declines among Europe's leading players confirms that no sector, even the strongest, is immune to economic cycles.

Twenty years of Europe's stock market told through ten stocks

Oil majors and banks in 2006, pharma and defensives in 2016, technology and industry today: the ranking of the biggest weights in the Stoxx 600 tells the continent's economic story in ten lines, with...

Another cold Turkey for Istanbul

Anyone who has followed the Turkish stock market for a few years is now used to the roller-coaster, even though most investors have probably never set foot there. But for those with money on the line,...

When markets panic over AI… then backtrack

Declaring SaaS dead because of AI was a bit like shutting down law firms because ChatGPT can write a demand letter. The market panicked, knocked down giants, and then realized it might have gotten...

How the SMI lost touch with the 14,000-point threshold

In Zurich, the SMI has fallen by over 5% in a month, after setting an intraday record of 14,669 points on August 11. The slide reflects a broadly bearish global market backdrop, but also a selloff in...

The emerging market that has outperformed the Nasdaq 100 over the past 10 years

With an annualized gain exceeding 20% over the past decade, the MSCI Kazakhstan has dramatically outperformed major global indexes, delivering a return nearly twice that of the MSCI World and almost...

Outpacing Wall Street: Colombia's surprise stock market comeback

Shunned by investors under the Petro presidency, Colombia's market is staging a spectacular rebound after Abelardo de la Espriella's election. Does that make it a bet worth taking?

S&P 500 or Equal Weight: the same index, two radically different bets

Buying the S&P 500 can feel like one of the most neutral moves in investing. Five hundred large American companies, a globally followed benchmark, low-cost ETFs, and instant diversification. But that...

S&P 500 or Equal Weight: the same index, two radically different bets

Buying the S&P 500 can feel like one of the most neutral moves in investing. Five hundred large American companies, a globally followed benchmark, low-cost ETFs, and instant diversification. But that...

Why is the DAX soaring while Germany treads water?

In three months, a jump of nearly 10% has pushed Germany's main stock index to record highs, powered by the tech sector and renewed European defense spending.

The IBEX 35 Clears Historic Milestone

Spain's flagship index topped 20,000 points for the first time, lifted by banks and the country's blue chips. A low-profile rally, but remarkably effective.

The S&P 500 is closing in on 40% earnings growth. Thanks a lot Alphabet.

No company had ever generated over $100bn in net income in a single quarter.

The SOXX paradox: break records… and the market will punish you

In 2026, it seems that delivering a flawless quarter no longer shields you from a shakeout. Examples are piling up across the semiconductor sector, even more so as investors grow impatient with...

What If Kimi K3 Reignites Chinese Tech Like DeepSeek in 2025?

After nearly a year of correction and falling about 50% from its November peak, the CSI China Internet Index, tracked by the KWEB ETF, is showing signs of life as Moonshot AI impresses with its new...

30% earnings growth in the United States?

That's indeed huge, although it's a threshold that S&P 500 companies could clear in the second quarter.

When it's murky, there's trouble: why is Indonesia in the cellar?

After MSCI, S&P Dow Jones is now placing Indonesia under review. The IDX Composite is down over 31% since January, the worst performance amongst major markets. Jakarta is paying for its gray areas,...

The S&P 500 wraps up a historic quarter

Between tensions in the Middle East, questions about the profitability of massive AI investment, and fears of sustainably higher rates, the U.S. market had plenty of reasons to stall. Instead, it did...

Hong Kong: The Ugly Duckling of Tech

While Japan, Taiwan, and South Korea dominate the market spotlight, Hong Kong has been languishing since the start of the year. The Hang Seng is down 10%, placing it at the back of the pack among...

FTSE MIB: The Record-Breaking Rise of a Unique Index

The Milanese index has hit a new all-time high, rising an impressive 86% over three years. Indeed, it is shattering records thanks to the very sectors that once held it back - banking and industry -...