Erste Asset Management

THIS AUTHOR'S POSTS

Musk launches Tesla production – Update from the Investment Division
Musk launches Tesla production – Update from the Investment Division
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Musk launches Tesla production – Update from the Investment Division

What has occurred since the yesterday ? Elon Musk has always been a colorful character. Until now, he could also adorn himself with the fact that his products help save the world. Especially the Tesla electric cars. Yesterday he added another chapter to his extraordinary story by announcing that he will resume production at the […]

Trade deal between USA and China – Update from the Investment Division
Trade deal between USA and China – Update from the Investment Division
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Trade deal between USA and China – Update from the Investment Division

What has occurred since yesterday ? The global equity markets closed yesterday in positive territory. The US markets could see gains of ca. 1%. In Europe the gains were ca. 1,5%. In the last days the trade conflict between the USA and China overshadowed the markets once again. However, from that corner came positive news […]

Fiscal- and monetary policies – Update from the Investment Division
Fiscal- and monetary policies – Update from the Investment Division
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Fiscal- and monetary policies – Update from the Investment Division

What has occurred since yesterday ? Gus Backus celebrated in the 1960s some successes in the German Pop music charts. It is remarkable that in the 50s he also scored two top ten hits in the USA. In the chorus in one of his songs he sings: “Who should pay that, who ordered that, who […]

ECB bond purchases unconstitutional – Update from the Investment Division
ECB bond purchases unconstitutional – Update from the Investment Division
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ECB bond purchases unconstitutional – Update from the Investment Division

What has occurred since yesterday ? Yesterday the German Constitutional Court has ruled that the Asset Purchase Program of the European Central Bank partly violates the German constitution. Via that program bonds of more than two trillion Euros were purchased since 2015 to bring liquidity to the markets and the economy. As the German constitutional […]

„Rough, nice and easy“ – Update from the Investment Division
„Rough, nice and easy“ – Update from the Investment Division
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„Rough, nice and easy“ – Update from the Investment Division

What has occurred since the long weekend? The song „Proud Mary“was written by John Fogerty, the front man of the rock band Creedence Clearwater Revivial. There are many cover versions of this song. The best known is probably from Tina Turner. That version starts with the line “…we’re gonna take the beginning of this song […]

Losses at beginning of week – Update from the Investment Division
Losses at beginning of week – Update from the Investment Division
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Losses at beginning of week – Update from the Investment Division

What has occurred since the long weekend? Last week began on a positive note in the markets for risk assets. The US leading index, S&P500, gained 3.6% from Monday to Wednesday. This was triggered by the following positive news: In a study, the drug Remdesivir showed success in treating COVID-19 patients. The US Federal Reserve’s […]