Current market information and expert opinions đđđ
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 đ
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 â 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 â 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.
In recent years, we have seen dynamic growth emerging. It started with green bonds, which were then complemented by social bonds, sustainability bonds (a combination of environmental and social projects), and sustainability-linked bonds.
By integrating sustainable factors, we pursue social and environmental justice and have mechanisms and tools in place to avoid greenwashing. Our mission is also to align our sustainability approach with the investment needs of our clients to build a solid foundation for the future.
Crude oil prices continued to soar in the past week. The background to the oil price increases lies in the rising demand for oil combined with the ongoing economic recovery and fears of tight supply. The price surge in recent days was triggered by a drop in oil reserves reported by the US government on Wednesday.
In recent months, the risk of stagflation (the simultaneous occurrence of economic stagnation and inflation) has increased. Without the pandemic, output would be higher and inflation lower: bottlenecks in production and logistics have slowed economic activity and caused prices in the goods sector to rise sharply.
Two nearly simultaneous events surrounding social network behemoth Facebook have recently directed public attention towards the networkâs impact and power, giving Facebook critics new momentum: After an outage of the most important Facebook services last Monday that lasted several hours, former Facebook employee and whistleblower Frances Haugen made serious accusations against the company before the US Senate the following day.
Global stock markets have fallen back from their all-time highs in recent weeks. What were the causes? What potential do the equity experts at Erste Asset Management see until the end of the year?
Falling economic indicators, anger in China and interest rate decisions by central banks are currently in the focus of the financial markets. Our chief economist Gerhard Winzer analyses the current situation.
Is there a solution to the current situation of real estate developer Evergrande? How high is the share of speculative real estate purchases in China, who profits and what Evergrande has to do with the 2008 financial crisis, explains Senior Professional Fund Manager PĂŠter Varga.
Gas prices have soared in recent weeks. What are the reasons behind this? Will the planned increase in Norwegian gas supply bring the relief we have been longing for? Read more in our blog.
The economic boom of China has also been accompanied by a boom in the real estate industry over the past decades. The liquidity problems of the Chinese real estate developer Evergrande are heralding the end of the real estate boom in China.
In the long term, the quality of a company is also reflected in its share price. But what characterises quality and how can it be measured? And how can you invest in quality shares?
Germany is facing an exciting Bundestag election on 26 September 2021. The outcome is completely open, but it sets the course for economic policy. The successor of long-term Chancellor Angela Merkel will also influence decisions at European level.
Theranos was founded in 2003 by Elizabeth Holmes. The rise and subsequent trouble of the laboratory diagnostics company illustrates that usability does not suffice for the success of product and business ideas if the technological progress cannot keep up.
Exactly 20 years ago, on 11 September 2001, the USA was shaken by the worst terrorist attacks in its history. The attacks on the World Trade Center in New York claimed the lives of 3,000 people. They changed world politics. The effects are still a big issue today – keyword Afghanistan.
âThe Great Transformationâ: This was this yearâs Forum Alpbachâs overarching motto for the talks and panel discussions among the assembled top politicians, economic leaders and scientists from around the world. Partly on-site and partly online, between 18 August and 3 September a total of 4,134 participants from 62 countries discussed possible ways out of the corona pandemic crisis and global future scenarios.
Yesterday, the Vienna Stock Exchange celebrated its 250th birthday. The âWiener BĂśrseâ was founded by Empress Maria Theresa on 2 September, 1771, making it one of the oldest stock exchanges in the world. Erste Group has a long-running and close partnership with the Vienna Stock Exchange, an institution both rich in tradition and very much focused on the future.
The global economy is in the recovery phase of the cycle. Economic growth is well above the long-term trend, but headwinds have increased recently. What needs to happen to ensure that growth does not slow down? Chief Economist Gerhard Winzer analyses the prospects for the future.
The travel and tourism industry is continuing its recovery. The number of overnight stays increased noticeably in what is now the second Corona pandemic summer, and travel figures paint a similar picture. However, pre-Corona pandemic levels are still a long way off, and the recent strong spread of the delta variant of the virus is also an uncertainty factor.
Whether you want to buy a house or buy a car, many private consumers currently deal with soaring prices for materials and unpleasantly long delivery periods. This situation is directly reflected in commodity prices.
Bond funds are not always the âfirst choiceâ right now. The strong profits of listed companies and the orderly dividend payouts are currently outpacing interest income. If you are looking at performance, you have to look closely. Interview with Wolfgang Zemanek, Head of Bond Funds, Initial Asset Management.
Germanyâs economy is back on a growth path after the pandemic dip at the beginning of the year. While service providers and retailers benefit from the relaxation of the Corona measures, the industry is being held back by material shortages and supply bottlenecks. How does the German stock index (DAX) react?
Car manufacturers are under pressure to meet the sharply increased demand for new cars. Many production lines were closed in the lockdowns. This is why individual parts are only now being re-produced and there are supply bottlenecks. What do microchips have to do with this and why are used cars so expensive in the US?
Green bonds are securities that are allocated to specific energy and environmental projects and are intended to contribute to a climate-friendly transformation of the economy. According to a study by the Climate Bonds Initiative (CBI), they reached a record level of $269. 5 billion in 2020. Sustainability-Linked Bonds represent a voluntary commitment for issuers. How exactly they work is explained in our analysis.
With their flights into space in July 2021, multi-billionaires Jeff Bezos and Richard Branson launched the era of commercial space tourism. Whether space travel can become a lucrative business remains to be seen.
The subjects of environment and technology have been occupied by brokers for years. This sector also has great growth potential in the coming years. Many companies are only at the beginning of a promising development.
ESG bonds are currently on the rise and are becoming an increasingly important part of corporate bonds. According to BofA Securities, 13. 5% of all new issues with ESG criteria were already issued globally in the first half of 2021. This trend is well established in Europe and is also increasing in the USA, as the following analysis shows.
Since the beginning of the year, the rapid recovery of the economy has mainly supported securities such as equities. But what happens next? Erste AM Managing Director Heinz Bednar and Head of Multi Asset Alexander Lechner explain how the second half of 2021 and especially our focus on sustainability will continue to develop in our outlook for the next six months.
The rise in oil and energy prices is fueling concerns about a burgeoning inflation. Behind the failure of the latest OPEC negotiations is also a political competition for influence and power in the Gulf region.
One of the most important economic indicators, the global purchasing managers index for the manufacturing sector, fell in June compared to the previous month. Is that bad news for risky asset classes like stocks? Our chief economist Gerhard Winzer analyzes the most important scenarios.
These days mark the 5th anniversary of the British vote to leave the European Union. How does the UK stand economically after the “Brexit”? What challenges still lie ahead for the country? What opportunities do investors have? Read more in today’s blog.
Equities have been weaker in recent days. This is largely due to concerns that sooner-than-expected interest rate increases in the USA could be detrimental to the financial market. Chief economist Gerhard Winzer explains why in the most likely case scenario, this will not be happening in the foreseeable future.
With renewed vigour, the heads of state of the G7 group of leading industrialised nations recently agreed climate targets, vaccination programmes for poor countries and a common front against China at their eponymous summit, held in the British resort of Carbis Bay.
China as a third pole. The reasons why fund managers expect China government bonds in mixed funds to generate more return and at the same time provide better diversification.
If you ask around in your own circle of acquaintances, you will find that the vaccination coverage rate is now significant. In Austria, it seems, everyone who really wants a vaccination has already received at least a partial vaccination – regardless of prioritization, age or medical history. The EU vaccination rate lags about 6 weeks […]
The strong economic recovery and positive corporate results are fueling concerns about the emergence of inflation. But are these fears justified? Erste Asset Management equity expert Tamas Menyhart analyzes the situation on the stock exchanges and shows ways of guarding against inflation.
The global economy is caught between a strong recovery and inflation fears. Despite low risk premiums, Erste AM Chief Economist Gerhard Winzer continues to see opportunities for equities as long as bond yields rise less than corporate earnings growth rates. Read more in his blog analysis.
It is impossible not to notice the rising interest in algorithm-based investing. Fund manager MikulĂĄĹĄ SplĂtek argues the case of whether a robo-advisor or human judgment is better to beat the market.
.. go away, but don’t forget to come back in September. This is an old stock market adage that most investors probably know. There are loads of those, and this is among the most popular ones. Our Head of Global Strategies & Research, Alexander Sikora-Sickl explains what’s behind it.
The reporting season is drawing to a close. Most of the companies listed on the stock exchange exceeded analysts’ estimates. The outlook for the future is also optimistic.
Comfortably making return on the money market via interest? A thing of the past. Investors wanting to outsmart inflation should think about dividends and dividend shares. The combination of dividend shares with a selection process that takes into account ESG criteria constitutes an interesting investment alternative. So there is a kind of âtwo dividendsâ.
The global shortage of semiconductors is causing problems for car manufacturers and the computer industry. Trends such as the digitalisation of working life or autonomous driving are likely to increase demand even more. Technology shares are in demand.
Impact investment More and more investors want to invest their money responsibly and sustainably â not only to create additional inflows, but also to create an âimpactâ. As a result, the demand for so-called impact funds has increased substantially in recent years. Especially young people, who until very recently had little interest in investment funds, […]
The global stock markets got off to a strong start into the new year and continued to gain, which means that the bull market has now lasted for almost a year. However, the market structure has changed significantly in the past few months. Our equity expert TamĂĄs Menyhart analyzes the current situation.
Dividend shares have been sidelined by investors in recent years. At the moment, however, their valuation is significantly more attractive than that of the Growth segment, making them worth a serious consideration.
Erste Asset Management fund manager Anton Hauser, specialist for emerging markets bonds, analyses the status quo of the Turkish financial markets after the surprising dismissal of the Turkish central bank governor by President Erdogan.
A differently designed path to the stock exchange has gained in importance since 2020. The term for this is SPAC (“Special Purpose Acquisition Company”). What’s behind it?
The USA and the EU are back on the same page as new President Joe Biden takes office. The new US climate envoy John Kerry, on his first visit to Brussels in this role, underlined the importance of the renewed climate alliance with Europe. âWe are committed to renewing our strong alliance in the fight against the climate crisis,â the former US Secretary of State said in a joint statement with EU representatives last Wednesday.
