News

Macroeconomic Comment: Pivotal Elections in 2024

Macroeconomic Comment: Pivotal Elections in 2024

06.12.2023 – Next year, a substantial part of the world’s population will participate in a range of elections, varying in their degree of freedom and fairness. Key events to watch include India’s presidential elections, the European Parliament elections, and Taiwan’s presidential race, all of which will be under the microscope for their geopolitical implications. However, the U.S. presidential election in…

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Macroeconomic Comment: The European Order Under Scrutiny

Macroeconomic Comment: The European Order Under Scrutiny

03.11.2023 – The brutal terrorist act by Hamas against Israel has triggered another shock wave that carries the potential of a widespread conflagration in the Middle East. As with the Russian attack on Ukraine, this crisis is unfolding on Europe’s doorstep and is putting the economically, culturally, and linguistically highly fragmented continent to a severe test. This war also threatens……

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Market Update October 2023

Market Update October 2023

03.11.2023 – The stock market lived up to its reputation for being challenging during October. After the buyers’ strike in the previous months of August and September, the markets experienced increased selling pressure. A worrying trend emerged in many stock indices: the moving 200-day average line was sharply… Click here for more information  

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Macroeconomic Comment: Global economic turndown and China in crisis

Macroeconomic Comment: Global economic turndown and China in crisis

08.25.2023 – The US is experiencing surprisingly robust growth despite interest rate hikes and a frail global economy. On the other hand, Europe’s economy continues to weaken, evidenced by a renewed decline in the Purchasing Managers’ Index for the industrial and services sectors. However, the greatest uncertainty is currently emanating from China. Its export engine has begun to sputter due…

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Strategy Update 4th Quarter 2023

Strategy Update 4th Quarter 2023

10.01.2024 Review: Interest rate cut expectations as a catalyst for equity markets The fourth quarter of 2023 was characterized by high volatility in the equity and bond markets. At the beginning of the quarter, we recorded yearly lows in equities and bonds, while falling interest rates received little attention. The prevailing expectation of “higher for longer” in interest rates exerted…

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Strategy Update 3rd Quarter 2023

Strategy Update 3rd Quarter 2023

06.10.2023 Interest rates: “higher for longer” – markets are in a hangover phase. Anyone who thought that central banks would cut interest rates again as early as the end of 2023 or the beginning of 2024 has been proven wrong. Inflation figures are slowly improving in all industrialized countries but the economy remains especially robust in the US. The labor…

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