Knowledge and news about asset management

In September, geopolitics and central banks took center stage. Renewed fighting in Iran and the resulting attacks on key transportation routes and energy infrastructure led to new highs in oil prices.

A temporary easing of tensions in the Iran conflict and slightly lower-than-expected inflation figures boosted confidence on the stock markets at the start of the month.

At the start of the month, the AI boom was dampened by concerns over potential overcapacity, leading to heavy profit-taking in semiconductor stocks.

Once again, May was shaped by geopolitical factors. Ongoing discussions about the Strait of Hormuz—now known worldwide—as well as fragile ceasefires in the Middle East dominated the scene.

At the start of the month, the stock markets reacted with heavy losses to the US and Israeli air strikes against Iran.

At the beginning of the month, the usefulness and economic viability of the huge investment plans of leading tech companies once again became a topic of discussion.

Anticipating a further interest rate cut in the US, the stock markets also started the last month of the year on a positive note.

The stock markets got off to a slow start in November. In addition to weaker-than-expected US labor market data, the ongoing government shutdown in the US also weighed on the markets at that time.

For the most part, the geo- and financial policies of the world powers determined events on the financial markets in October.

September was dominated by the US Federal Reserve’s interest rate policy – initially expectations based on various labour market and inflation data, and later the actual interest rate cut of 0.25%.

In July, the threat of US tariffs continued to dominate global stock markets.

December was dominated by the central banks and a year-end rally year-end rally failed to materialize for once!

In November, the financial markets were clearly dominated by the US presidential elections.

Surprisingly, the upcoming US presidential elections had little impact on the financial markets for most of October.

September got off to a subdued start after many share indices had previously reached new highs.

August started with a tremor on the global stock markets. Following weak labour market figures in the USA and a surprising cut in the Bank of Japan’s key interest rate, investors switched to ‘risk-off mode’.

The stock markets presented themselves inconsistently in July. While most European markets recorded slight gains, the US technology markets in particular lost ground.

Central banks and their interest rate decisions were at the centre of attention in June. While the ECB made its first interest rate cut since 2019 as expected, the Fed kept its key interest rate range unchanged.

After a mixed previous month, May saw a spring awakening on the markets, with various indices reaching new highs in the meantime.

In April, the upward trend on the financial markets, which had been ongoing for months, came to a halt.

The stock markets continued their record-breaking run in March, repeatedly reaching new highs.

In February, the stock market music played in the USA and Japan in particular, while the stock markets in the rest of the world largely treaded water.

The stock markets made a subdued start to the new year. The surprisingly strong US labour market data caused government bond yields to rise, leading to a certain degree of caution among investors.

A volatile and challenging year on the stock markets has come to a thoroughly conciliatory end