AI productivity: not a miracle yet

U.S. productivity is improving. In aggregate economic data, however, the AI dividend remains easier to imagine than to measure.

Critical minerals – The power factor in commodities

Critical minerals are increasingly playing a key role in the development of electromobility, renewable energy and digitalization – and thus in shaping future developments.

Markets between Energy shock and AI boom

Rising energy prices weigh on growth and inflation, while AI-driven investment continues to support selected segments and drive increasing divergence across markets.

Big tech invests - the market adjusts

Substantial upward revisions in capex reflect the AI infrastructure boom – early signs of increasing monetization are becoming visible

When jet fuel stops being niche

Europe’s volatile jet-fuel buffers are less a story about aviation and more a warning of how a prolonged Hormuz shock could expose wider supply-chain fragilities.

CIO View Portfolio: Perspectives

By: Vincenzo Vedda

In our monthly Multi-Asset update we describe the translation of our CIO View into the CIO View model portfolio.

The new energy system : Navigating the shift from molecules to electrons

By: Michael Lewis, Steffen Kutscher

Q2 2026 Outlook: Central & Eastern Europe Markets

By: Sebastian Kahlfeld

Bond markets: shaken, not unanchored

Markets are pricing more near-term inflation risk, but longer-term expectations remain comparatively calm.

Critical minerals – The power factor in commodities

Critical minerals are increasingly playing a key role in the development of electromobility, renewable energy and digitalization – and thus in shaping future developments.

Americas CIO View

Investing in a Fog of War and Haze of AI Transition

When gas determines power

Correlations in times of energy stress

War-weary investors turn back to AI

Seven weeks of war in the Persian Gulf, traffic through the Strait of Hormuz remains disrupted, and shortages of raw materials are becoming noticeable. Yet investors are betting on peace negotiations and a swift normalization.

How oil shocks can breed demand destruction

When it comes to oil, the price spikes grab attention. Their more lasting effect may be demand that disappears - and does not fully return.

Gold in the stress test

How the precious metal behaves relative to the S&P 500 across different market phases.