Commodities today: Opportunity and Diversification

Recent comments from SpaceX regarding Starlink's terrestrial wireless ambitions have prompted questions from investors about the long-term outlook for communications towers. While we continue to evaluate the potential implications, we do not currently view Starlink as a thesis-breaking risk to long-term U.S. tower growth. We believe the negative reaction in tower stocks reflects increased uncertainty rather than a material change in near-term fundamentals.

After a turbulent first half dominated by geopolitics, commodity markets are entering a new phase. Tight inventories, weather risks, production trends, and demand are once again taking center stage. Discover our latest views on where we see the biggest opportunities—and risks—across energy, metals, and agriculture in the second half of 2026.

Con la prima metà dell’anno ormai alle spalle, l’ultimo Investors’ Outlook analizza i temi che hanno tenuto occupati i mercati, tra cui le possibili implicazioni delle mega IPO sui mercati azionari, se l’allentamento delle tensioni geopolitiche può contribuire a ridurre i timori sull’inflazione e quali prospettive si aprono per l’economia britannica.

In an increasingly deglobalized world, governments are seeking energy and commodity autonomy in the form of domestic supply chains and strategic reserves. What does this mean for the energy transition?

Con la prima metà dell’anno alle battute finali, uno degli interrogativi principali riguarda l’impatto che la guerra in Medio Oriente avrà quest’anno sull’economia. La Boutique Multi Asset condivide le sue opinioni nell’ultimo Investors’ Outlook.

La propensione al rischio ha resistito all’alternanza delle notizie geopolitiche. Nell’ultimo Investors’ Outlook proviamo a capire perché, e a delineare le prospettive future per il resto del secondo trimestre.