China’s ‘Sputnik moment’
On 4 October, 1957, the Soviet Union successfully launched Sputnik 1, the world’s first artificial satellite. The launch ushered in a new era of political, military, technological, and scientific developments, and started the US-USSR space race. On 20 January, Chinese technology start-up DeepSeek released two large language models (LLM), including DeepSeek-R1, a partly open-source large […]
We can live with this
The S&P 500 has been sideways for a while now, something often seen in the weeks after a presidential inauguration; only half of the names in the index currently trade above their 50-day moving average. For the market to exit this period of consolidation with any bullish conviction, that fraction will need to increase. The market […]
Italian banks in focus: Key takeaways from our engagement trip to Milan
The Corporate Sustainability Reporting Directive (CSRD) – is it fit-for-purpose? Companies are racing to finalise their first CSRD-aligned disclosures. However, issuers across several sectors have told us that compliance is neither easy nor cheap; it requires significant upfront costs to establish the necessary IT systems, hire dedicated full-time equivalents (FTEs), and achieve a cultural shift […]
Everything you wanted to know about tariffs and trade finance
(but were afraid to ask)
US-SMID-Ausblick: Auf dem Weg nach oben
Deutsches Transkript Warum glauben Sie, dass jetzt der richtige Zeitpunkt für US-SMID-Aktien ist? Wir glauben, dass jetzt ein wirklich guter Zeitpunkt ist, um in kleinere und mittelgroße US-Aktien zu investieren. Nicht nur die relative Bewertung ist im Vergleich zu den Large-Caps günstig, sondern wir erwarten auch ein höheres Gewinnwachstum in den nächsten Jahren. Die US-Wirtschaft […]
Chinese tech stocks rally on AI hopes
market snapshot
Asien ex Japan: Südkorea, Reformen und China
Gilt trip
The term ‚bond vigilante‘ has been tossed about lately, as fears arise about the sustainability of government debt burdens. The UK, in particular, has been on the receiving end of these narratives. Bond vigilantes are hard to distinguish from normal bond investors who are simply reacting to traditional economic cycles or allocation needs. So, what […]
Schwellenmärkte beschleunigen fiskalpolitische Verbesserungen
EMD-Bericht Q1 2025
All about tariffs
market snapshot
