European earnings under scrutiny

European earnings have accelerated. Whether that warrants a lasting rerating will depend on how broadly and durably profits continue to grow.

Q3 2026 Outlook: Central & Eastern Europe Markets

By: Sebastian Kahlfeld

The investment environment across emerging markets remains dominated by a limited number of global themes, most notably artificial intelligence infrastructure investment and defense spending.

3rd Quarter 2026 Market Update: German Equities

By: Hansjoerg Pack

Looking into the third quarter, the key market debate has shifted away from geopolitics and back towards artificial intelligence and the sustainability of the current technology cycle.

Not an inflation emergency

The Fed raises rates by 25 basis points to reinforce its inflation-fighting credibility

The Fed’s next move is no longer obvious

Economists expect gradual cuts. Markets see a less comfortable possibility: resilient growth and persistent inflation could force the Fed to raise rates again.

Europe’s absolute and relative charm

By: Vincenzo Vedda

Markets don't move on headlines alone. Structural shifts are changing Europe's investment story.  

Investment Traffic Lights

The monthly Investment Traffic Lights provide a detailed market analysis and our view on developments in the main asset classes. 

Americas CIO View

A numerator vs. denominator race at beta, alpha has no style

Europe’s gas stores tell only half the story

A changing gas market may be making gas storage levels a less reliable guide to winter risks. Still, there are good reasons to worry about upcoming heating bills.

APAC CIO View

By: Ivy-sw Ng, Tommy Law

Status Quo of Artificial Intelligence (AI) Adoption in Asia

How food inflation travels

Rising food prices hit emerging-market consumers hard, but shared commodity shocks could have unforeseen implications for inflation around the globe.

YenDrain: The price of Japan's capital outflows

More of Japan's capital is being put to work abroad, with lasting consequences for the yen

U.S. debt reaches a milestone

The challenge is no longer just how much debt the U.S. has, but how expensive it is becoming to finance it

Productivity’s hidden warning

U.S. productivity is rising, but workers’ pay is not keeping up with inflation. That makes the latest data more difficult to read.

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.