The global economy grew strongly in the first quarter of 2023. At the same time, inflation remains too high, which is why central banks will continue to pursue a restrictive monetary policy. Although growth indicators are good to strong, there are therefore increased risks of recession.
The hot phase of Turkey’s election campaign has begun, with parliamentary and presidential elections to be held simultaneously in the country on 14 May. In addition to the consequences of the earthquake disaster in early February, the Turkish citizens are also suffering from the massive inflation.
On 19 April, the Austrian financial sector once again focuses on funds. And for good reason: funds provide easy access to the investment markets and are suitable for retirement provision and investment.
Putting money aside is important. But it is equally important for said money to potentially earn a return. This is where the fund savings plan comes in.
Inflation continues to make life more expensive and does not stop at the savings of Austrians. More about the future outlook and possible protection strategies.
Since the banking problems in the US emerged in March, share prices have risen and expectations for future key interest rates have fallen significantly. However, inflation dynamics remain the most important factor for the markets, but unfortunately also one that is difficult to assess.
With our self-developed “ESGenius” App, we can track and document our ESG activities such as engagements. Two current examples show how the app helps us improve our ESG performance.
Since 2018, Erste Asset Management calculates the carbon footprint of the entire fund range. Find out how we go about the calculation and how our funds compare to the overall market in the blog post.
Despite the recent turmoil in the banking sector, both companies and the global economy are currently proving to be extremely robust. Read more about the current market environment in the commentary by Gerald Stadlbauer, Head of Discretionary Portfolio Management at Erste AM.
The OPEC+ oil cartel’s member countries surprised the markets with an unexpected production cut announcement early this week, causing a surge in crude oil prices. The cuts were a “precautionary measure aimed at supporting the stability of the oil market,” OPEC+ said.
