The global economy was confronted with two negative developments within two years: the Covid-19 pandemic and the Ukraine war. Erste Asset Management’s Chief Economist Winzer analyzes the stagflationary state of the economy.
ARTICLES IN THE TOPIC “Markets”
Interview: What do the sanctions imposed on Russia mean for our funds?
What are the effects of the sanctions imposed on Russia on our funds? Interview with Alexandre Dimitrov, Senior Fund Manager with more than 20 years of experience and special field of expertise: equity markets Russia and CEE.
Investment Update: First steps to interest rate hikes and volatility in the stock markets
Stocks posted significant gains on Wednesday after U.S. Federal Reserve Chairman Jerome Powell signaled that the central bank would begin raising interest rates this month. Stock markets interpreted this as a positive signal in the sense that the threat to growth posed by the war in Ukraine did not justify a change of course in monetary policy at the moment.
The impact of the war in Ukraine
We want to highlight the possible impact of the war in Ukraine on investment decisions. In short, the conflict reinforces already existing trends. In addition, the global recovery scenario is still holding, but recession risks in Europe have increased.
Ukraine conflict: sanctions against Russia
Last Friday saw the West’s first reaction to the invasion. Both the US, the EU and the UK announced sanctions against Russia. These mainly target Russia’s largest banks, oligarchs and the export of technology goods to Russia.
Escalation of the conflict between Russia and Ukraine: are the markets at risk?
The Russia/Ukraine conflict is keeping the markets in suspense. Everything is possible – from continued diplomacy in order to contain the escalation to harder sanctions in case of a more comprehensive invasion. The volatility on the financial markets will remain high.
The crisis in Ukraine
The risk of an escalation of the geopolitical conflict between Russia, Ukraine and NATO has risen further in recent days.
Erste Asset Management achieves record result in 2021
Erste Asset Management was yet again ranked first among the Austrian investment companies last year. Assets under management in Austria had increased by 16.6% y/y to EUR 47.7bn as of 31 December 2021.
Investing – a long term story
We have seen some extraordinary years speaking about equity and multi asset performance. Interest rates were low, volatility – representing the average daily price changes – was comparably low. What is the situation today?
Gas and Oil Prices Continue to Soar
Energy prices are going through the roof at the moment. The causes are both political and economic. Shares in the energy and commodities sector offer potential for further price increases.