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As it happens every five years, EU (European Union) citizens are called to elect the members of the European Parliament, on 6-9 June. The Parliament shares legislative powers with the EU Council (it votes on laws and the budget) and has powers of scrutiny over the Commission.

“In the next 30 years, we will have extracted as much [metals] as since the start of humanity!” – Philippe Varin in his report on Securing the Supply of Mineral Raw Materials.

Three British economists—Paul Marsh and Mike Staunton of the London Business School, and Elroy Dimson from Cambridge University—have embarked on a meticulous endeavour: they have traced 35 stock markets around the world as far back as possible to test a core theoretical question of investment. Are equities truly superior to all other asset classes over the long term?

Even if the protagonists are already known, the rematch between Joe Biden and Donald Trump will once again captivate the world until 5 November. The two candidates are neck-and-neck in the opinion polls and there is no clear favorite now. In geopolitical terms, such as support for Ukraine or the future of NATO, a second Trump presidency could have some consequences.

Three British economists—Paul Marsh and Mike Staunton of the London Business School, and Elroy Dimson from Cambridge University—have embarked on a meticulous endeavour: they have traced 35 stock markets around the world as far back as possible to test a core theoretical question of investment. Are equities truly superior to all other asset classes over the long term?

Economic crises leave a legacy of high public debt. Expansion phases should be used as an opportunity by governments to reduce their debt and rebuild some headroom in their public finances. This is easier said than done. Let’s look at what happened after the last two major crises.

We must confess that we have a strategic "bias" in favor of the US market. The past 15 years proves us quite right. Since the end of the 2007-2008 Financial Crisis, Europe has outperformed for only 27 months, or just over 2 years. This structural outperformance of the US vs. Europe is mainly explained by a more robust EPS dynamic in the US.

Large-cap growth stocks are once again driving the market, especially in the US where the “Magnificent Seven”, except for Tesla, dominate S&P 500 gains in 2024. US tech stocks continue to stand out, outperforming the S&P 500 by 7.4% since October 2023.