Investment Outlook

Investment Outlook July 2018

4 July 2018

It remains to be seen if the aggressive US trade protectionist rhetoric will have meaningful adverse economic consequences. We are taking the view, that actual trade restrictions will be less severe than threatened and will…

Investment Outlook June 2018

4 June 2018

Trade tariffs and protectionist themes have dominated global markets throughout the year and risks have further heightened through May. As a result, economists have observed a synchronised weakening in important trade measures. The contraction was…

Investment Outlook May 2018

1 May 2018

Global financial markets are starting to calm after a volatile first quarter. The non-stop rally in equity prices and narrowing in credit spreads from mid-2016 until early-2018 ended abruptly, as first long-term bond yields spiked…

Investment Outlook April 2018

4 April 2018

Uncertainty about inflation and interest rate trajectories as well as fresh policy risks, including U.S. protectionist measures, keep financial markets alerted. As protectionist policies could threaten the global economic expansion, a U.S.-led trade war has…

Investment Outlook March 2018

6 March 2018

Strong indications of inflation, in tandem with a shift higher in US Treasury yields, triggered increased nervousness amongst investors around the world during the first two weeks in February. This led to a technical correction…

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…