An overview of recent market developments and macroeconomic conditions, as well as our over- and underweight positions. This primarily discusses equity, bonds, and money markets. Alternative investments, such as real estate and private equity, will not be systematically covered in the report, but such products should also be included in a long-term investment portfolio.
Key points
- Inflation figures in the USA have risen for three consecutive months, contributing to elevated interest rate expectations again.
- Growth prospects for the Eurozone remain stagnant, paving the way for a rate cut from the ECB in June.
- A strong dollar creates challenges for other countries that must maintain tighter monetary policy for longer.