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YIELD RADAR: June 2018
YIELD RADAR: June 2018

YIELD RADAR: June 2018

Global economic growth can be described as robust in recent months but fl attening in its momentum.
What is new is that the homogeneity between countries and regions is not as high
as it was a few months ago. Especially between Europe and the USA, meanwhile, we can
see clear differences. This picture is also confi rmed in the case of infl ation. In the US, actually
measured infl ation rates are rising. In addition, many leading indicators of infl ation point to
price pressures in the coming months. The danger of overheating of the economy is there. In
Europe, the picture for the leading indicators is much more relaxed.
The latest increase of the key lending rate by the Federal Reserve Bank to a new span of 1.75
to 2.00 percent was expected by the market participants. The European Central Bank expects
its key reference rate of zero percent will stay unchanged at least during the course of summer
2019.

Financial Markets Monitor June: a lot going on
Financial Markets Monitor June: a lot going on
(c) iStock

Financial Markets Monitor June: a lot going on

An Investment Committee again! A month can pass quickly, especially if there is a lot going on in the markets. In light of recent market events (Italy, Turkey, Argentina), I was surprised that our risk stance has not changed since our last Investment Committee meeting. Obviously, it takes a lot to get us out of […]

Equities

Bonds

YIELD RADAR: June 2018
YIELD RADAR: June 2018

YIELD RADAR: June 2018

Global economic growth can be described as robust in recent months but fl attening in its momentum.
What is new is that the homogeneity between countries and regions is not as high
as it was a few months ago. Especially between Europe and the USA, meanwhile, we can
see clear differences. This picture is also confi rmed in the case of infl ation. In the US, actually
measured infl ation rates are rising. In addition, many leading indicators of infl ation point to
price pressures in the coming months. The danger of overheating of the economy is there. In
Europe, the picture for the leading indicators is much more relaxed.
The latest increase of the key lending rate by the Federal Reserve Bank to a new span of 1.75
to 2.00 percent was expected by the market participants. The European Central Bank expects
its key reference rate of zero percent will stay unchanged at least during the course of summer
2019.

Know-How

Markets

YIELD RADAR: June 2018
YIELD RADAR: June 2018

YIELD RADAR: June 2018

Global economic growth can be described as robust in recent months but fl attening in its momentum.
What is new is that the homogeneity between countries and regions is not as high
as it was a few months ago. Especially between Europe and the USA, meanwhile, we can
see clear differences. This picture is also confi rmed in the case of infl ation. In the US, actually
measured infl ation rates are rising. In addition, many leading indicators of infl ation point to
price pressures in the coming months. The danger of overheating of the economy is there. In
Europe, the picture for the leading indicators is much more relaxed.
The latest increase of the key lending rate by the Federal Reserve Bank to a new span of 1.75
to 2.00 percent was expected by the market participants. The European Central Bank expects
its key reference rate of zero percent will stay unchanged at least during the course of summer
2019.