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Is the AI Rally Nearing its End?
Is the AI Rally Nearing its End?
(c) pexels

Is the AI Rally Nearing its End?

Following this week’s interest rate cut by the US Federal Reserve, shares related to artificial intelligence (AI) applications are once again in the spotlight. Investors are hoping that AI will have a positive impact on the business figures of the key players. With the ERSTE STOCK TECHNO fund, you can invest in the most important companies in future technologies.

Interest rate cuts at the door
Interest rate cuts at the door
(c) Jose Luis Magana / AP / picturedesk.com

Interest rate cuts at the door

After the rapid and sharp interest rate increases in 2022 and 2023, the pendulum is now swinging in the opposite direction. After the European Central Bank (ECB), the US Federal Reserve will cut key interest rates for the first time this Wednesday, thus initiating a new cycle of interest rate cuts. What does all this mean for the economy and what conclusions can be drawn from it for investments?

Risk of recession in Europe? Labor market data under the microscope
Risk of recession in Europe? Labor market data under the microscope

Risk of recession in Europe? Labor market data under the microscope

In recent weeks, there has been much discussion about the so-called Sahm Rule – a usually quite reliable recession indicator in the US that was triggered in August for the first time since the coronavirus crisis. There is no corresponding indicator for Europe so far, which raises the question: What is the risk of recession with regard to the European labor market?

Eastern Europe: Economies expected to outperform Euro Area
Eastern Europe: Economies expected to outperform Euro Area

Eastern Europe: Economies expected to outperform Euro Area

Weakening growth in the eurozone has been an issue on the markets for some time now. In the Central and Eastern European countries, however, this is largely a non-issue. According to forecasts, the region is also likely to grow faster than the eurozone this year. Private consumption in particular has recently proved to be a growth driver. However, the tense situation in German industry is causing concern.

Japan: Back to Normality
Japan: Back to Normality

Japan: Back to Normality

The Japanese stock market quickly recovered from the slide at the beginning of the month. However, attention remains focused on the Japanese central bank after it announced that it would hold off on further interest rate hikes for the time being. However, the Bank of Japan’s direction of travel seems clear: away from the ultra-loose monetary policy of recent years.

Economic outlook: soft landing with risks attached
Economic outlook: soft landing with risks attached

Economic outlook: soft landing with risks attached

On the stock markets, the focus is shifting back to the downside risks. Nevertheless, there are still hopes that inflation will gradually fall and that there will be no recession. But how realistic are the hopes for this “soft landing” of the economy and how can investors position themselves in the current environment?

US tech stocks: Mixed feelings after earnings figures
US tech stocks: Mixed feelings after earnings figures

US tech stocks: Mixed feelings after earnings figures

The shares of the major US technology companies, which had performed very well for a long time, have also fallen recently. The latest half-year figures left the market with mixed feelings: although the figures were largely as expected, there were hardly any increases in profit expectations. Nevertheless, the outlook remains positive, which for fund manager Bernhard Ruttenstorfer has several reasons.