{"id":34473,"date":"2026-09-03T09:52:22","date_gmt":"2026-09-03T07:52:22","guid":{"rendered":"https:\/\/xoinvestments.ch\/?p=34473"},"modified":"2026-09-03T11:05:48","modified_gmt":"2026-09-03T09:05:48","slug":"market-review-july","status":"publish","type":"post","link":"https:\/\/xoinvestments.ch\/en\/actualites\/market-review-july\/","title":{"rendered":"Market review July"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"34473\" class=\"elementor elementor-34473 elementor-34472\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c595ff elementor-section-full_width elementor-section-height-min-height pbmit-col-stretched-none pbmit-cursor-color-blackish-color pbmit-bg-color-over-image elementor-section-height-default elementor-section-items-middle\" data-id=\"4c595ff\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a85d4f5 pbmit-bg-color-over-image\" data-id=\"a85d4f5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-341b40b elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile pbmit-col-stretched-none pbmit-cursor-color-blackish-color pbmit-bg-color-over-image elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"341b40b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5b8cb75 pbmit-bg-color-over-image\" data-id=\"5b8cb75\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5bb3ae6 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5bb3ae6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-47a28e8 pbmit-bg-color-over-image\" data-id=\"47a28e8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bdfd794 elementor-widget elementor-widget-text-editor\" data-id=\"bdfd794\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>XO INVESTMENTS&#8217; services for private clients range from wealth management to pension advice.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c6760e4 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"c6760e4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t <div class=\"pbmit-heading-subheading pbmit-heading-subheading-style-1 pbmit-reverse-heading-yes animation-style2\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-837bd6f pbmit-btn-shape-rounded elementor-align-left pbmit-btn-color-white pbmit-btn-hover-color-blackish pbmit-btn-style-flat elementor-widget elementor-widget-button\" data-id=\"837bd6f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/xoinvestments.ch\/en\/news\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" class=\"pbmit-svg-arrow\" x=\"0px\" y=\"0px\" width=\"10\" height=\"19\" viewBox=\"0 0 19 19\" xml:space=\"preserve\">  <line x1=\"1\" y1=\"18\" x2=\"17.8\" y2=\"1.2\"><\/line>  <line x1=\"1.2\" y1=\"1\" x2=\"18\" y2=\"1\"><\/line>  <line x1=\"18\" y1=\"17.8\" x2=\"18\" y2=\"1\"><\/line><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Back to blog posts<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-bb9af50 pbmit-bg-color-over-image\" data-id=\"bb9af50\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cd7b22e pbmit-btn-shape-rounded elementor-align-left pbmit-btn-color-white pbmit-btn-hover-color-blackish pbmit-btn-style-flat elementor-widget elementor-widget-button\" data-id=\"cd7b22e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/xoinvestments.ch\/en\/news\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" class=\"pbmit-svg-arrow\" x=\"0px\" y=\"0px\" width=\"10\" height=\"19\" viewBox=\"0 0 19 19\" xml:space=\"preserve\">  <line x1=\"1\" y1=\"18\" x2=\"17.8\" y2=\"1.2\"><\/line>  <line x1=\"1.2\" y1=\"1\" x2=\"18\" y2=\"1\"><\/line>  <line x1=\"18\" y1=\"17.8\" x2=\"18\" y2=\"1\"><\/line><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Back to blog posts<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-82ffc4f pbmit-col-stretched-none pbmit-cursor-color-blackish-color pbmit-bg-color-over-image elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"82ffc4f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d3eeb96 pbmit-bg-color-over-image\" data-id=\"d3eeb96\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5f7a55b pbmit-col-stretched-none pbmit-cursor-color-blackish-color pbmit-bg-color-over-image elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f7a55b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-ea0dcbf pbmit-bg-color-over-image\" data-id=\"ea0dcbf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6edc1bc pbmit-align-center elementor-widget elementor-widget-pbmit_heading\" data-id=\"6edc1bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t <div class=\"pbmit-heading-subheading pbmit-heading-subheading-style-1 pbmit-reverse-heading-yes animation-style2\"><h4 class=\"pbmit-element-subtitle\"><span>\r\n\t\t\t<\/span>\r\n\t\t\t\r\n\t\t\t\tAugust\r\n\t\t\t\r\n\t\t\t<\/h4>\r\n\t\t<h1 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tMarket review August\r\n\t\t\t\r\n\t\t\t<\/h1>\r\n\t\t<div class=\"pbmit-heading-desc\">The return of optimism<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b224f9b elementor-widget elementor-widget-text-editor\" data-id=\"3b224f9b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>August was characterised by a resurgence in risk appetite, underpinned by the resilience of the global economy. Geopolitical uncertainty, inflationary fears and the sustainability of certain countries\u2019 debt remain, for the time being, the spectre of a future problem, albeit overshadowed by an outlook for earnings that remains robust.<\/p><p>The financial markets regained positive momentum in August. Equities rose, buoyed by economic indicators that remained solid and an earnings season that largely exceeded expectations. The technology sector resumed its role as a driving force, buoyed by investment in artificial intelligence and confirmation of robust earnings growth. Small-cap and emerging market equities also contributed to the uptrend; only the Swiss market posted a negative return.<\/p><p>In the fixed-income markets, Swiss bonds ended the month in slightly positive territory, whilst international bonds posted negative returns.<\/p><p>Real assets also benefited from a favourable environment. Gold rebounded sharply, rising by 9.7%, buoyed by the weakness of the dollar and persistent geopolitical uncertainties. Commodities continued to rise, whilst cryptocurrencies staged a marked recovery, with Ether gaining more than 32% over the month.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d93635 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"5d93635\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t <div class=\"pbmit-heading-subheading pbmit-heading-subheading-style-1 pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tKey performances in July\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a556b90 pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"a556b90\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"915\" height=\"439\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2026\/09\/market_review_key_perf_august_2026.png\" class=\"attachment-full size-full wp-image-34488\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2026\/09\/market_review_key_perf_august_2026.png 915w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2026\/09\/market_review_key_perf_august_2026-300x144.png 300w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2026\/09\/market_review_key_perf_august_2026-768x368.png 768w\" sizes=\"(max-width: 915px) 100vw, 915px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce5fb59 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"ce5fb59\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t <div class=\"pbmit-heading-subheading pbmit-heading-subheading-style-1 pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tXO Risk Aversion Index - Composite 250D \n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a31d0f pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"8a31d0f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"604\" height=\"321\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2026\/09\/market_review_risk_aversion_index_composite_august_2026.png\" class=\"attachment-full size-full wp-image-34487\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2026\/09\/market_review_risk_aversion_index_composite_august_2026.png 604w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2026\/09\/market_review_risk_aversion_index_composite_august_2026-300x159.png 300w\" sizes=\"(max-width: 604px) 100vw, 604px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b5fbef pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"2b5fbef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t <div class=\"pbmit-heading-subheading pbmit-heading-subheading-style-1 pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tXO Risk Aversion Index - Componants\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0154ccb pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"0154ccb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"544\" height=\"276\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2026\/09\/market_review_risk_aversion_index_composants_august_2026.png\" class=\"attachment-full size-full wp-image-34486\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2026\/09\/market_review_risk_aversion_index_composants_august_2026.png 544w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2026\/09\/market_review_risk_aversion_index_composants_august_2026-300x152.png 300w\" sizes=\"(max-width: 544px) 100vw, 544px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>This is an introductory text<\/p>\n","protected":false},"author":4,"featured_media":34485,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[52],"tags":[72,73,71],"class_list":["post-34473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marches-financiers","tag-investors-en","tag-marketing-en","tag-payment-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - 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