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 […]
ARTICLES IN THE TOPIC “Markets”
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
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
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
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 […]
High volatility also in the price of gold
Gold plays a role as a “safe haven” in times of crisis. But the price is anything but stable.
Labour day: High unemployment challenges economic policy-makers
It is now that we are becoming acutely aware of how important work is for us, with the job market data taking to centre stage on this year’s Labour Day. The number of people who are out of a job because of the pandemic has increased drastically. Numerous measures, such as reduced working hours in Austria, have been taken in an effort to contain the situation. We expect a positive trend reversal later in the year.
Corona crisis dampens expectations for business figures
The first reporting season of 2020 in the USA is dominated by the corona crisis. What trends can be seen from the Q1 figures for the rest of the year?
The long-term consequences of the corona pandemic – an analysis
The corona pandemic has plunged the world into an economic crisis. Erste AM chief economist Gerhard Winzer analyzes the 10 most important points about recovery, economic policy, inflation and the duration of the slump.
Argentina cries (again) – Update from the Investment Division
Argentina is crying (again): This time not for Eva Peron – but Argentina’s plans for debt restructuring are meeting with resistance. Update from the Investment Division.