Americas CIO View

By: David Bianco

Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks

European bank bonds show surprising anxiety

Europe’s bank sector has proven resilient since the Credit Suisse rescue but AT1 bonds have still not fully recovered – making them all the more attractive, in our view.

Solutions to drive Europe’s transformation

By: Johannes Müller, Michael Lewis, Murray Birt, Maria Milina

To address the structural forces holding back European growth and investment returns requires a significant transformation of the European economy.

Americas CIO View

By: David Bianco

No ceiling, no landing: 3-5% inflation cruising altitude

Dialing up climate finance to emerging markets

How World Bank reforms might help attract more private sector capital, which is urgently needed to meet greenhouse gas emission targets

That latest debt-ceiling drama

By: Björn Jesch

We remain confident that a small deal can get struck in time, paving the way for more deals later

Changing the flow of global climate finance

U.S. Economic Outlook

By: Christian Scherrmann

Slowing down the U.S. Economy

Long View Q1: Monetary tightening

By: Jason Chen, Christian Scherrmann, Dirk Schlüter

Transmission of monetary tightening into financial conditions and demand destruction

Americas CIO View

By: David Bianco

Surviving tribulations of beta management: Be patient and busy elsewhere

Are the industry and the Dax going their separate ways?

The latest order intake and production figures of the German industry seem discouraging at first glance. At second glance, things look less dire.

Investment Traffic Lights

By: Björn Jesch

Our monthly market analysis and positioning

That perennial de-dollarization debate

Given how entrenched the greenback’s position is in international trade and finance, this probably won’t be the last debate on de-dollarization.

Artificial Intelligence – The Journey Begins

The first quarter of 2023 will likely go down in history as the time when the world became aware that the “cognitive” abilities of information machines hit a tipping point.

What U.S. interest rates are (and aren’t) telling us

According to futures markets, investors expect Fed rate cuts starting in September. We think this prediction should be taken with a grain of salt.