June 2026 Monthly Review: The ECB and the Federal Reserve Take Different Paths
09. July 2026The U.S. Federal Reserve left its key interest rates unchanged, while the ECB raised them. Inflation in the U.S. had risen from 3.8% to 4.2% in May,…
The U.S. Federal Reserve left its key interest rates unchanged, while the ECB raised them. Inflation in the U.S. had risen from 3.8% to 4.2% in May,…
Following the supportive market environment in April, the recovery continued in May. US technology stocks once again delivered particularly strong…
After a period of considerable uncertainty, confidence returned to the capital markets in May. This was triggered above all by the diplomatic…
Following the strong recovery in April, the risk/reward profile remains constructive. AI and data center investments, robust US economic data and…
April was dominated by the Iran conflict, as rising oil prices, inflation concerns and higher bond yields drove market volatility, while equity…
Following the ceasefire between the warring parties USA/Israel and Iran, the risk/reward profile has improved in the short term. However, geopolitical…
March was characterized by enormous geopolitical tensions due to the conflict between the USA/Israel and Iran.
Looking ahead to April, the risk/reward profile on the market has deteriorated. Against this backdrop, a more defensive stance currently seems…
In February, the German and European stock markets in particular rose, as did the majority of Asian stock markets, while the Japanese benchmark index…
January was heavily influenced by geopolitical events: The arrest of Venezuelan President Nicolas Maduro by US forces made headlines, as did the…