THIS AUTHOR'S POSTS

“Brinkmanship” – Agreement on Debt Ceiling
“Brinkmanship” – Agreement on Debt Ceiling
(c) EVELYN HOCKSTEIN / REUTERS / picturedesk.com

“Brinkmanship” – Agreement on Debt Ceiling

The representatives of the Democrats and the Republicans have reached an agreement in the dispute over the debt ceiling in the USA. The cap of $31,400 billion is to be suspended until 2025. Subject to approval in the House of Representatives and Congress, the agreement is positive for the financial markets. However, another effect could weigh on the markets further down the line.

Meager Growth
Meager Growth
(c) SAUL LOEB / AFP / picturedesk.com

Meager Growth

Global growth is likely to cool significantly in the second quarter. At the same time, recession risks remain uncomfortably high, as Chief Economist Gerhard Winzer writes in his market commentary. The further course of negotiations on the US debt ceiling is also likely to cause tension on the market.

Conditionally positive economic news
Conditionally positive economic news
ANDREW KELLY / REUTERS / picturedesk.com

Conditionally positive economic news

Last week, positive economic data brought back some confidence. The global purchasing managers’ index, one of the most important survey-based economic reports, rose for the third time in a row. On the other hand, the latest inflation reports dampen hopes of a rapid decline in inflation without additional key rate hikes.