USA

Graph of the week – Monetary policy - ECB has further to go than the Federal Reserve
Our graph of the week shows that financial markets continue to price a much higher ECB policy rate a year...

Talking heads – There is a reasonable alternative: mortgage bonds
After a bright start, US mortgage-backed securities face a sunnier year in which this fixed income asset class could reverse...

MARKET UPDATE 24.11.2022
Weekly market update – Downshifting in December?
A remarkably rapid tightening of monetary policy by leading central banks has been the dominant theme for financial markets in...

Suspension of US-China climate talks puts global efforts at risk
Just as the US passed the USD 430 billion Inflation Reduction Act to tackle climate change among other major issues1,...

US housing market to come off the boil, but remain fundamentally sound
While recent monetary policy tightening in the US to counteract high inflation will likely take some heat out of the...

US climate spending – How does it reduce inflation?
Billions of dollars are set to be allocated to bolstering US infrastructure under the Inflation Reduction Act, a belated but...

MARKET UPDATE 21.07.2022
Weekly market update – Central banks tighten monetary policy
Financial conditions are tightening, with the ECB raising its policy rates for the first time since 2011. We expect the...

MARKET UPDATE 30.06.2022
Weekly investment update – What’s the word?
Two words have battled for supremacy in investors’ minds over the course of the year: ‘Recession’ and ‘inflation’. The higher...

Covid-driven pressures keep US house prices high in 2022
Several factors will likely keep US house prices on an upward trajectory this year. Still low mortgage rates as well...

MARKET UPDATE 10.06.2022
Weekly investment update – Here comes the European Central Bank
May ended on a positive note for equities as they regained their end-April level (MSCI ACWI), but June has seen...

Disruptive technology – Risks and opportunities after recent volatility
The high-tech sector has seen a dramatic correction and high market volatility in recent months. We believe it is now...

Disruptive technology – Maintaining course in volatile markets
The high-tech sector has seen a dramatic correction and high market volatility in recent months. We believe it is now...