January was heavily influenced by geopolitical events: The arrest of Venezuelan President Nicolas Maduro by US forces made headlines, as did the…

The start of the year on the stock markets was positive overall. The global stock market showed a slight upward trend. European stock markets…

Following the positive start to the year, the markets are being supported by factors including seasonal patterns. The European industrial sector…

The global equity markets got off to a weak start in December. Negative industrial data from the US, rising yields on the bond market and significant…

Japan’s political power shift has surprised markets—and is beginning to reshape the investment landscape. Expansionary fiscal policy, rising monetary…

We are constructive for December and the beginning of 2026. The seasonal factors generally point to a solid end and start to the year, which is…

While the markets were still firmly expecting a cut in US key interest rates in October, this changed in November. In the meantime, the probability of…

The stock markets were friendly in October, with the notable exceptions of the DAX and Hang Seng Index (Hong Kong), which performed negatively. In the…

We remain constructive on the markets in the medium term. However, increased volatility is conceivable with a view to October.

The international stock markets largely performed well in September, with stock markets in Asia and North America making better progress than those in…