{"id":12738,"date":"2025-05-15T08:44:19","date_gmt":"2025-05-15T06:44:19","guid":{"rendered":"https:\/\/www.previs.ch\/?p=12738"},"modified":"2025-05-26T13:00:04","modified_gmt":"2025-05-26T11:00:04","slug":"evolution-des-placements-au-1er-trimestre-2025","status":"publish","type":"post","link":"https:\/\/www.previs.ch\/fr\/evolution-des-placements-au-1er-trimestre-2025\/","title":{"rendered":"Evolution des placements au 1er trimestre 2025"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":4599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[61],"tags":[],"class_list":["post-12738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-placements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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L\u2019Allemagne a adopt\u00e9 un vaste train de mesures budg\u00e9taires, pr\u00e9voyant un plan d\u2019investissement record de 500\u00a0milliards d\u2019euros pour les infrastructures et un assouplissement du frein \u00e0 l\u2019endettement."},{"acf_fc_layout":"element-title","status":false,"title":"March\u00e9s boursiers","title_type":"h4"},{"acf_fc_layout":"element-text","status":false,"group":null,"text_size":"normal","text":"Malgr\u00e9 les incertitudes g\u00e9opolitiques, les march\u00e9s boursiers ont connu une \u00e9volution positive en janvier. Avec son mod\u00e8le d\u2019intelligence artificielle capable de rivaliser avec les plus grands, la start-up chinoise DeepSeek a entre-temps fait tanguer les valeurs technologiques \u00e0 son entr\u00e9e sur le march\u00e9. En f\u00e9vrier, les actions ont mieux \u00e9volu\u00e9 en Europe qu\u2019aux Etats-Unis. Le S&amp;P 500 a recul\u00e9 de 1.3% sur le mois. Les secteurs cycliques de la consommation et de la communication ainsi que les actions des \u00abMagnificent 7\u00bb ont \u00e9t\u00e9 particuli\u00e8rement touch\u00e9s. Le mois de mars a \u00e9t\u00e9 marqu\u00e9 par de violentes turbulences, notamment en raison du durcissement de la politique douani\u00e8re am\u00e9ricaine. Les inqui\u00e9tudes grandissantes sur la croissance et l\u2019incertitude accrue en mati\u00e8re de planification ont plomb\u00e9 les actions am\u00e9ricaines. Au premier trimestre, le march\u00e9 boursier am\u00e9ricain (MSCI USA) a enregistr\u00e9 une baisse de 4.6%. En revanche, en Europe, en Suisse et dans les pays \u00e9mergents, les actions en monnaie locale ont gagn\u00e9 du terrain sur la m\u00eame p\u00e9riode. Les march\u00e9s boursiers europ\u00e9ens (MSCI Europe ex. CH) ont pour leur part gagn\u00e9 5.8%. Le march\u00e9 suisse des actions (SPI) a, lui, enregistr\u00e9 une hausse de 8.6% au premier trimestre."},{"acf_fc_layout":"element-title","status":false,"title":"Taux d\u2019int\u00e9r\u00eat","title_type":"h4"},{"acf_fc_layout":"element-text","status":false,"group":null,"text_size":"normal","text":"Aux Etats-Unis, les taux d\u2019int\u00e9r\u00eat ont connu une hausse passag\u00e8re en janvier, avant de se replier. Bien que les d\u00e9clarations du Pr\u00e9sident am\u00e9ricain sur la baisse des taux aient sem\u00e9 le trouble, la Fed a maintenu son cap. Les rendements des bons du Tr\u00e9sor am\u00e9ricain \u00e0 dix ans ont baiss\u00e9 au premier trimestre, passant de 4.6% \u00e0 4.2%. Les rendements \u00e0 long terme ont augment\u00e9 en Europe et en Suisse. Les rendements des obligations de la Conf\u00e9d\u00e9ration \u00e0 dix ans sont pass\u00e9s de 0.21% au cours du trimestre \u00e0 0.81%, pour cl\u00f4turer \u00e0 0.48% fin mars. Les obligations en francs suisses ont ainsi enregistr\u00e9 des pertes comptables au premier trimestre."},{"acf_fc_layout":"element-title","status":false,"title":"Devises","title_type":"h4"},{"acf_fc_layout":"element-text","status":false,"group":null,"text_size":"normal","text":"Le dollar am\u00e9ricain est rest\u00e9 stable par rapport au franc suisse en janvier, avant de s\u2019affaiblir les mois qui ont suivi. L\u2019USD\/CHF s\u2019\u00e9tablissait \u00e0 0.9064 au d\u00e9but du trimestre et l\u2019a cl\u00f4tur\u00e9 \u00e0 0.8843. L\u2019euro s\u2019est l\u00e9g\u00e8rement redress\u00e9, soutenu par la hausse des taux d\u2019int\u00e9r\u00eat europ\u00e9ens. Le taux de change EUR\/CHF a augment\u00e9, passant de 0.9367 \u00e0 0.9564."}]},"publishpress_future_action":{"enabled":false,"date":"2026-05-10 22:36:06","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/posts\/12738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/comments?post=12738"}],"version-history":[{"count":1,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/posts\/12738\/revisions"}],"predecessor-version":[{"id":12739,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/posts\/12738\/revisions\/12739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/media\/4599"}],"wp:attachment":[{"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/media?parent=12738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/categories?post=12738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/tags?post=12738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}