Erste Asset Management - Blog

Posts on: Capital Markets/Macro-Economics
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Gerold Permoser am 19th February 2018

How does inflation work? – Part 2: Inflation drivers

(c) iStock

There are many factors that may affect inflation. Also, the weights of certain factors may vary across countries. Take the development of the exchange rate, for example.

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Gerhard Winzer am 09th February 2018

Inflation worries burdening stock exchanges – part 2: the macro perspective

Equity indices have undergone a global correction in the past days. The Dow Jones index has shed more than 10% from its January high. What is the macro-economic reason for the correction?

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Gerhard Winzer am 05th February 2018

Strong growth and rising rates

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At the beginning of 2018, economic indicators are confirming the recovery scenario. Above all, the yields of government bonds are on the rise. Why is that the case, and what does it mean for the financial market as a whole?

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Gerold Permoser am 02nd February 2018

Inflation: a general overview – Part 1

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Why is the inlfation outlook for 2018 important? In our three part series we explain how inflation works.

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Gast-AutorIn / Guest Author am 30th January 2018

Czech Presidential Election and the reaction of the markets

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Guest author: Margarita Sinitsyna, Fund Manager, Czech Republic Branch

 

With both rounds of the Czech presidential election behind us, we can now take a look back at some of its highlights. Incumbent Milos Zeman reaped a narrow edge over his challenger Jiri Drahos.

 

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Gast-AutorIn / Guest Author am 22nd January 2018

Interview: “Future 2050 – the era of sustainability and smart machines”

(c) Siemens Pictures of the Future
Dr. Ulrich Eberl (c) Siemens Ertz

Dr. Ulrich Eberl is one of the most renowned German-speaking scientific journalists and futurologists. He holds a PhD in biophysics from the Technical University of Munich and was Head of Global Communication  for research and future trends for 20 years at Siemens.

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Harald Egger am 11th January 2018

Bitcoin Basics

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What are Bitcoins?

Bitcoins were developed in 2009 as a virtual, digital currency by one person or group with the pseudonym Satoshi Nakamoto. Bitcoins are not physically tangible and are thus also difficult to grasp mentally for many.

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Gerhard Winzer am 08th January 2018

Ten economic hypotheses for 2018

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The current environment is very positive for the capital markets: strong growth, low inflation, supportive monetary policies, good earnings growth, and low volatilities, i.e. fluctuations. Also, the numerous risks have not had a significantly negative impact on prices. However, the phase of rising prices started as early as March 2009. This environment implies that any change in the relevant parameters such as growth, inflation, and monetary policy would be tantamount to deterioration, given that improvement is not possible anymore. The most important question asked by investors at the outset of 2018 is therefore whether this positive environment is still here to stay.

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Paul Severin am 04th January 2018

Best of Erste AM Investment Blog 2017

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2017 was a positive year on the global capital markets (see blog from 2 January 2018). We have analysed which blogs were the most popular ones last year.

 

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Paul Severin am 02nd January 2018

2017: a positive year on the global capital markets

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Capital markets recorded a positive year of 2017. The performance of the various asset classes was of the textbook variety: the higher the risk, the higher the return. At slightly more than 1%, even low-yield asset classes such as euro government bonds or US Treasuries (in USD) posted positive rates of return1). This came as a surprise seeing that many experts had expected higher yields for government bonds, which would have come with negative effects on prices.

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