What’s happening on the stock markets? Which sectors and trends are currently popular on the market? Where is the global economy heading, and how are the latest economic developments affecting share prices? Here, our experts and fund managers provide answers to the most pressing questions for investors 👉
The semiconductor industry is considered one of the biggest beneficiaries of the AI boom. Investors therefore kept a close eye on the sector’s figures for the first three months of 2025. One thing became clear: the expansion of AI infrastructure continues to deliver good results for most chip companies – but the sword of Damocles in the form of impending US tariffs is still hanging over industry giants such as Nvidia & Co. Read more in today’s blog post.
Following the tariffs shock and the accompanying market turmoil, the deferral of said tariffs has led to a surprisingly rapid upturn on the equity markets. That being said, uncertainty remains high, even though the US reporting season has been positive so far. Read more in the market commentary by Gerald Stadlbauer, Head of Discretionary Portfolio Management.
The US government’s extensive tariff plans have been causing volatility on the stock markets since last week. Yesterday’s announcement of a 90-day pause for the new tariffs was met with relief by the markets – even though a further escalation between the US and China is on the horizon. We take a look at the current situation on the financial markets and analyse the possible consequences of an escalation in the trade conflict.
High-yield bonds carry a higher risk, but usually offer higher returns. But what happens in the event of a default, i.e., if the company fails to make its payments? Bond fund manager Hannes Kusstatscher explores this question in his blog post.
Artificial intelligence, cloud boom, and new records: Major US tech companies are turning heads with strong figures and ambitious plans. What is behind the current boom at Microsoft, Alphabet, and others? Read more about the latest developments at the tech giants in today’s blog post.
Gold on the rise: Will the rally continue and what opportunities are still available for investors? Read today’s blog post to find out what is behind the development of the gold price and why shares in the gold sector might also be worth a look.
Erste AM is launching a new private equity fund of funds, Erste Diversified Private Equity II. Thomas Bobek, Head of Private Markets, talks about the investment approach and the private markets segment in an interview.
Clean tech stocks continued to catch up in the third quarter. Above all, the energy demand generated by AI remains a key driver for renewable energies and environmental technologies.
Despite tougher US tariff policy and political uncertainty, the emerging markets are proving surprisingly robust this year. What factors are behind this and what opportunities are there for investors? Find out more in today’s blog post!
After delivery problems at a major supplier became known last week, fears of a new chip crisis are spreading in the automotive industry. How do industry associations and leading car manufacturers assess the risk?
Despite rising stock markets, investors are increasingly seeking stability and are finding it more and more often in new ‘safe havens’. Portfolio Manager Clemens Brugner explains why this is the case and which asset classes are meant by this.
The investment year is gradually approaching the home straight. And 2025 will be remembered in many ways: From the upheavals surrounding Liberation Day to the ongoing AI rally and the sharp rise in the price of gold. Gerald Stadlbauer, Head of Discretionary Portfolio Management, analyzes what the final quarter of 2025 could bring.
The ongoing government shutdown in the US is also preventing the publication of important economic data. This makes it more difficult to assess the economic environment in the US. Chief Economist Gerhard Winzer explains possible scenarios in his weekly market commentary.
Not only has the price of gold risen sharply so far this year, but other precious metals and commodities are also continuing to increase in price. One reason for this is high demand from industry, especially for the production of electronic components.
While the price of gold exceeded the $4,000 mark for the first time, the government shutdown in the US also dominated the headlines recently. In today’s interview, Gerhard Winzer answers questions about the impact this is having on the stock markets and what else is happening on the markets.
Phishing, deepfakes, and targeted attacks on the internet are on the rise—and with them, the cybersecurity industry is growing rapidly. How well equipped are companies to deal with these increasing threats, and where do the opportunities and risks lie for investors? Find out in today’s blog post.
Chinese car manufacturers are pushing into Europe – and putting pressure on the domestic industry. Nevertheless, the latter was once again optimistic about the future at this year’s IAA Mobility motor show in Munich. Read more about this in today’s blog post.
The impact of higher US tariffs on economic growth has so far been less significant as expected. Globally, growth continues to exceed expectations. However, potential downside risks remain.
As expected, the US Federal Reserve lowered the key interest rate by 0.25 percentage points yesterday. Chief economist Gerhard Winzer analyzes the interest rate decision and statements by Federal Reserve Chairman Jerome Powell.
China’s stock markets are making a strong comeback after years of weakness – driven by growing confidence among domestic investors and targeted measures by the government in Beijing. Will the rally continue?
US Federal Reserve Chairman Jerome Powell signalled a possible interest rate cut in September in Jackson Hole. The markets reacted immediately with price gains – but there is more to his words than pure monetary policy. The Fed is caught between inflation risks, a weaker labour market and growing political pressure.
Innovative medicines and geopolitical risks – the biotech sector remains in flux. Topics such as rare diseases, cancer and eye diseases are particularly in focus. In this interview, fund manager Harald Kober provides insights into current trends and challenges.
The U.S. Federal Reserve is signaling a possible rate cut in September. What’s behind Powell’s message—and what does it mean for markets and investors?
The semiconductor industry is expected to continue growing strongly in 2025, despite uncertainties surrounding US President Donald Trump’s trade policy, thanks to the AI boom. The World Semiconductor Trade Statistics organisation (WSTS) recently raised its growth forecasts for this year slightly.
Fund manager Thomas Oposich reports on his trip to South Korea. There he was able to gain some insights into the innovative strength of the South Korean economy.
The markets are rising thanks to AI hopes, strong corporate profits and non-restrictive monetary policy. But geopolitical risks, weakening labor markets and inflationary pressures are casting shadows. Which scenario will prevail – recession, AI exceptionalism or a period of slowdown?
In turbulent times on the stock market, investors often seek advice from market experts. What are the most pressing questions for investors and how can they hold their own in the current environment? We spoke to Andreas Stary, customer advisor at Erste Bank Austria, to find out more.
While economic growth in Austria remains weak, the domestic stock market index ATX has recently climbed significantly. What is behind this strong performance?
With the conclusion of a trade deal, Japan has resolved the tariff conflict with the USA, its most important trading partner, for the time being. The stock market – especially the automotive sector, which is so important for Japan – reacted with relief. However, the domestic political situation in Japan remains tense following the recent upper house election.
Despite the risks posed by the threat of US tariffs, the stock markets have performed positively since April. There are several reasons for this. Nevertheless, the current environment favors a more neutral stance in the portfolio.
The stock market year to date has been volatile. Tariffs, geopolitical uncertainties and the new US tax law have dominated the headlines. The latter turned out better than expected for the environmental technology sector. Many companies have recently taken a more positive view of the future and the sector could also be worth a look from a valuation perspective.
The stock market has been dominated by geopolitical tensions and trade disputes so far this year. Despite this, the markets have proven surprisingly resilient. However, the environment remains challenging, which is why a balanced and broadly diversified portfolio is crucial right now. Read more in the latest market commentary by Gerald Stadlbauer, Head of Discretionary Portfolio Management.
What distinguishes high-yield bonds and how do they differ from other bonds? We explain this in today’s blog post. You will also learn which funds investors can use to invest specifically in companies in the high-yield segment.
Geopolitical tensions, a US president unsettling the markets and the surprising outperformance of European markets: the first half of 2025 had a lot in store for investors. What does the future hold? Gerold Permoser, Chief Investment Officer at Erste Asset Management, draws some initial conclusions and provides an outlook for the second half of the year.
The US import tariffs have made the environment more difficult for the global automotive industry. Local competition in the important Chinese market is also causing concern for many manufacturers. In the future, many automotive companies want to focus more strongly on autonomous driving in addition to e-mobility. There is still some catching up to do in this area, especially in Europe.
Last weekend, US fighter jets and submarines attacked three important nuclear facilities in Iran. The impact of the latest developments in the Middle East on the financial markets will depend primarily on Iran’s response and the associated development of oil prices.
With the ‘One Big Beautiful Bill Act’, US President Donald Trump wants to push through extensive tax cuts. Section 899, among others, is viewed critically. The passage could primarily affect foreign investors in the US and thus also weaken the US capital market.
So far, the markets have reacted little to the hostilities between Israel and Iran. Is the market development appropriate or is the risk of further escalation being underestimated? Chief economist Gerhard Winzer explores this question in today’s blog post.
Israel has launched air strikes against Iran. The targets are nuclear sites and military facilities. How are the stock markets reacting and what does this mean for portfolios?
The oil price recently fell to a new four-year low. Not only global uncertainties but also unresolved tariff disputes are weighing on growth prospects and thus also on the oil price. After all, oil is considered an important indicator of global economic development. Nevertheless, some oil-producing countries want to expand their production. What consequences would this have for the oil price, and what are the reasons for this unusual step?
Donald Trump’s “Big Beautiful Tax Bill” package is intended to bring comprehensive tax cuts in the US. The already high budget deficit would increase further. This would also have an impact on US government bond yields, which have been rising for months anyway. There is a threat of a downward spiral with unforeseeable consequences.
Against the backdrop of the debt debate in the US, yields on US government bonds have risen recently. Rising debt and political uncertainty are also weighing on confidence in the US dollar. Could the greenback even lose its role as the global reserve currency?
Despite geopolitical tensions and trade risks, Eastern Europe remains on track for growth. Read today’s blog post to find out why Poland is performing particularly well, what role the investment program in Germany and the war in Ukraine are playing, and which markets could be promising.
The recently published US budget draft also contains interesting passages on the future of the Inflation Reduction Act and the associated subsidies for renewable energies. In an interview, environmental equity fund manager Alexander Weiss explains what the draft means for investors and why the market reacted positively to it.
The semiconductor industry is considered one of the biggest beneficiaries of the AI boom. Investors therefore kept a close eye on the sector’s figures for the first three months of 2025. One thing became clear: the expansion of AI infrastructure continues to deliver good results for most chip companies – but the sword of Damocles in the form of impending US tariffs is still hanging over industry giants such as Nvidia & Co. Read more in today’s blog post.
Following the tariffs shock and the accompanying market turmoil, the deferral of said tariffs has led to a surprisingly rapid upturn on the equity markets. That being said, uncertainty remains high, even though the US reporting season has been positive so far. Read more in the market commentary by Gerald Stadlbauer, Head of Discretionary Portfolio Management.
Trump’s customs policy and the trade conflict also pose new challenges for central banks. However, while the ECB has room to cut interest rates in order to support the economy, the Fed must exercise caution in the USA. Higher tariffs also threaten to push up inflation again.
However, US President Donald Trump does not like the Fed’s course at all. His attacks on Fed Chairman Jerome Powell are fuelling concerns about the central bank’s independence. Even though Trump has recently backed down slightly, his comments are once again unsettling the markets.
The US government’s extensive tariff plans have been causing volatility on the stock markets since last week. Yesterday’s announcement of a 90-day pause for the new tariffs was met with relief by the markets – even though a further escalation between the US and China is on the horizon. We take a look at the current situation on the financial markets and analyse the possible consequences of an escalation in the trade conflict.
The latest US tariffs have caused considerable turbulence on the financial markets worldwide. What is the background to the tariffs and how can investors react in the current environment?
