Investment Outlook

Investment Outlook February 2018

1 February 2018

Last year, the world economy enjoyed a synchronized growth and the strength of this widespread upswing has taken many market observers by surprise. More specifically however, it appears that the U.S. economic cycle shows signs…

Investment Outlook January 2018

1 January 2018

Global economic growth has accelerated at a solid pace. The risk of deflation has almost disappeared, inflation remained depressed and kept major central banks in accommodative mode. As a consequence, bond yield levels stayed low,…

Investment Outlook December 2017

1 December 2017

The global economic recovery has steadily broadened and deepened, with new cyclical highs in business and consumer surveys in the U.S. and Euro area last month. Meanwhile, central banks continue to tread cautiously in the…

Investment Outlook November 2017

1 November 2017

An uneasy calm has settled over the global financial markets, even as the Fed has started to shrink its balance sheet and there are high odds of another U.S. rate increase before year-end. Inflation has…

Investment Outlook October 2017

1 October 2017

Risk-off sentiment was strongest during the first week of the month. Once again, geopolitical event risk, i.e. another rocket launch and a planned hydrogen bomb test by North Korea, dominated the global headlines. However, this…

Investment Outlook September 2017

1 September 2017

The escalating tension between the U.S. and North Korea has been the dominating geopolitical event risk and unsurprisingly took center-stage for a couple of days during August. Investors turned cautious and were reducing the level…

Investment Outlook August 2017

10 August 2017

A series of comments from major central banks during the month, reminded investors that accommodative monetary policy is only temporary and a stimulative measure, not for the long term. Throughout the year we have witnessed…

Ready, steady, “Brexit”!

1 July 2017

Almost a year after Britain’s referendum on leaving the European Union, the formal Brexit negotiation began on June 19th. The often quoted distinction between "Hard Brexit", "Soft Brexit" or "No Brexit" has become indiscernible and…