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.
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.
On the stock markets, the first month of the year was positive. The recent softer tones of the central banks give rise to hopes that interest rate hikes are slowly coming to an end. Read more about the current market assessment in our Investment Update.
This week, the financial markets are once again in for an exciting ride: The European Central Bank and the US Federal Reserve will decide to what extent interest rates will be raised again.
More and more central banks are signalling a reduction in the pace at which they are raising key interest rates. However, as Chief Economist Gerhard Winzer explains, this does not necessarily mean that central banks are softening their focus on fighting inflation. Rather, a pause in the rate hike cycle would require a change in inflation dynamics.
Global equity markets have been under pressure for several months. The short recovery phase in the summer did not last long. What are the reasons for the bear market and when could be a good time to enter?
What do global risks and rising interest rates mean for the economy? We talked to
Prof. Dr. Ernest Gnan, Secretary General of SUERF – The European Money and Finance Forum and former Head of the Economic Analysis Department of the Oesterreichische Nationalbank.
The mood on the capital markets has deteriorated further over the last months. In a comprehensive market update, Gerald Stadlbauer, Head of Discretionary Portfolio Management at Erste Asset Management, explains why stamina is needed in the current situation.
Last week, three major central banks have raised their key interest rates further. By nature, however, it is not easy to find the right key interest rate level – especially in the current environment.
Gerhard Winzer, Chief Economist at Erste Asset Management, provides an overview of recent economic developments and explains, among other things, what structural problems the euro is facing.
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