10 Themes - #1: Changing demographics

The aging trend in the coming years poses massive challenges for society. How will this affect the capital markets?

10 themes for the year ahead

By: Björn Jesch

Which investment themes could be relevant for 2025 and beyond? An overview of all 10 themes.

Goodbye inflation, hello unemployment

With its decision to cut rates by 50 basis points, the Fed gives the labor market priority over inflation

U.S Economic Outlook

By: Christian Scherrmann

Time has come to engineer that soft landing.

Chinese electric cars are in the fast lane

The electrification of the global vehicle fleet is progressing – which poses serious challenges for traditional carmakers, not least European ones.

Our forecasts

All forecasts at a glance

Still optimistic but with modest expectations

By: Björn Jesch

As Europe and China are not really getting into their stride, it is once again up to the U.S. and above all its consumers to keep the rally going. In our core scenario, we believe they can do that.

Americas CIO View

By: David Bianco

Clear for landing: Coming in steep, adjusting monetary and fiscal thrusters

The ECB seems increasingly confident

There are good reasons European monetary policymakers appear increasingly confident of reaching their inflation target of 2% again in the not-too-distant future.

Japan – still on track

By: Björn Jesch, Lilian Haag

Japan’s financial markets suffered more than most in the early August global market correction. While this shows the perils of leveraged carry trades based on a weak yen, the investment case for the country remains positive.

Frank Kelly’s Geopolitical Week Ahead | September 1, 2024

By: Francis (Frank) J. Kelly

Summer is over and a hectic autumn begins: U.S. elections heat up, China ramps up relations with Africa, Germany’s historic elections, and U.S. to release jobs figures.

Long View Q2: Equity concentration risk & long-term estimates for Value, Growth and Small Cap

By: Jason Chen, Dirk Schlüter, Bhavesh Warlyani

China dominates the expansion of solar capacity

Growing supply led to significantly falling prices for solar modules

APAC CIO View

By: Ivy-sw Ng, Tommy Law

China and India Focus on Fiscal Discipline

No more tailwind from money supply

For a year now, equity markets have been running ahead of the money supply. You can look at it one way or another, but stocks have one less stimulus to benefit from.