In December, the ISM Services index in the United States dropped sharply: what are the impacts for investment choices?
The large decline is attributable to Omicron’s impacts on the Orders and Activities components but the Employment component remains expansive, suggesting that companies are confident that the slowdown impacts are temporary, and the overall level is still high.
We are a private Bank focused on Private Banking. Based in Milan, we have been in the business for 100 years. We are part of an international group specialising in Wealth Management that includes the Switzerland-based PKB Private Bank SA as well as other Entities providing Asset Management and fiduciary services. This allows us to offer solutions typical of a broader financial network.
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