Financial Newsflash November 2019 Fixed Income The ECB as expected announced in September a list of decisions to prop up inflation expectations: the interest rate of the deposit facility was lowered by -0,10% to -0.50%, an APP Asset Purchase Program, a new QE, will kick off as of 1 November, at a monthly pace of EUR 20bn, as long […] Financial 27.11.2019
The wall of worry Let’s start this newsflash with an overview of the current state of ‘the wall of worry’. What is keeping investors awake at night? A current hot-topic is the Democrats’ decision to open an impeachment inquiry into President Donald Trump. We make no judgement on the gravity of this case. However, this procedure could take months, […] Financial 08.10.2019
The disappearance of interest rates Never mind the volatility on the equity markets. Forget about stock prices and their occasionally strong fluctuations. What you have to remember about 2019 is the disappearance of positive interest rates. Feel free to compare Mario Draghi and Jerome Powell to magicians who have performed an impressive vanishing trick. They made the “positive interest rates” […] Financial 12.09.2019
Financial Newsflash : July 2019 Bond markets The main driver behind an extraordinary first half of the year 2019 has been an unexpected decline in interest rates. In fact, even the strong performance of the recovering stock markets, which had suffered from big losses towards the end of 2018, were outpaced by the falling interest rates. Just when everyone agreed […] Financial 09.07.2019
2019 starts upwards ! Macro Context In January, the markets showed a nice rebound after a period of a slumping global stock markets in December. This phenomena showed us an extreme of both, December 2018 was one of the worst month periods for the global stock market in the last decades whereas the following month was one of the […] Financial 27.02.2019
Financial Newsflash January 2019 For the first time in many years, investors are facing negative returns as the global equity market has fallen sharply. Financial 23.01.2019