The financial markets have been on the rocks in 2018. Read here why you should still keep a cautiously optimistic stance.
After a good start to the US reporting season, the tide on the US stock exchanges turned last week. Find out more in our new blog.
The central bankers’ assessments regarding inflation and the labour market are considered important indicators for future interest rate policy. More on our blog.
This blog entry will discuss three scenarios for the coming quarters and the coming year.
An Investment Committee again! A month can pass quickly, especially if there is a lot going on in the markets. In light of recent market events (Italy, Turkey, Argentina), I was surprised that our risk stance has not changed since our last Investment Committee meeting. Obviously, it takes a lot to get us out of […]
The most important central bank of the world, the US Fed, increased the Fed funds rate on 21 March and also published projections for economic key indicators. Even though this does not sound like much, the implications for the markets are significant.
There are many factors that may affect inflation. Also, the weights of certain factors may vary across countries. Take the development of the exchange rate, for example.
Equity indices have undergone a global correction in the past days. The Dow Jones index has shed more than 10% from its January high. What is the macro-economic reason for the correction?
The most important central bank in the world, the Federal Reserve of the USA, has announced a historic decision as a result of its FOMC meeting on 20 September: the central bank balance sheet, hugely inflated in the wake of the bond purchase programme, will be gradually reduced from October onwards. Generally speaking this is […]
The spring meeting of the International Monetary Fund was held in Washington from 20 to 23 April. This event was the reason for an investor conference that I attended in order to get an idea of the status quo of the global economy as well as of risks and opportunities.