The only notably weak market was oil. The initial surge in price following the Hamas attack on Israel has unwound as fears of a wider Middle East conflict have dissipated
![](https://www.bis.hk/wp-content/uploads/2023/12/download-1-1.jpg)
Monthly viewpoint – August 2023
Oil prices rose a further 1.5% in August, taking its rise over the past three months to 20%
![](https://www.bis.hk/wp-content/uploads/2023/12/download-2.jpg)
Monthly viewpoint – July 2023
Arguably the biggest upside surprises came in the UK, where growth in recent
months has been broadly flat, confounding virtually all the official forecasts of an extended recession
![](https://www.bis.hk/wp-content/uploads/2023/12/download-1.jpg)
Monthly viewpoint – June 2023
The Yuan has been under pressure this year, down 5.2% in Q2 and 7.6% YTD, as the Chinese economic recovery following the end of Covid restrictions faded
![](https://www.bis.hk/wp-content/uploads/2023/12/download.jpg)
Monthly viewpoint – May 2023
The extraordinary success of ChatGPT
following its launch in November 2022 is
leading to a surge in demand for high end
processors to power AI applications
![](https://www.bis.hk/wp-content/uploads/2023/12/images.jpg)
Monthly viewpoint – April 2023
The apparent calm masked troubling
turbulence for markets below the
surface
![](https://www.bis.hk/wp-content/uploads/2023/12/shutterstock_2265988809-edit-375x260.jpg)
Wall-E Street
AI primarily serves as a supporting function intended to complement our existing strategic/tactical asset allocation and portfolio construction processes rather than replacing it
![](https://www.bis.hk/wp-content/uploads/2023/12/41223-446x298-website-375x260.png)
Fleece Navidad
As the fashion industry continues to adapt to the climate emergency, it is clear that investors and consumers have
a significant role to play in bringing sustainable fashion brands to the
fore
![](https://www.bis.hk/wp-content/uploads/2023/11/shutterstock_1081951784-375x260.jpg)
Siren call
If we are close to peak rates, as many economists are suggesting, then
history would suggest cash should be
usurped from its throne
![](https://www.bis.hk/wp-content/uploads/2023/11/download.jpg)
Stocking fillers for your portfolio
There is light at the end of the tunnel, with growing belief that we have seen “peak reates”