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The CIO View

Insights on the economy and markets

At DWS, the Chief Investment Officer (CIO) is responsible for bringing together DWS’s view on the economy and markets, across all asset classes and regions. By drawing on the in-depth expertise of our investment and research professionals across the globe, we are dedicated to delivering high-quality, independent analysis that supports investors in making informed decisions on market developments and investment opportunities. Our global research integrates macroeconomic trends, asset-class specific developments as well as long-term investment themes across all asset classes. The CIO also plays a vital role in shaping DWS’s investment strategy, ensuring a forward-looking approach to delivering value for our clients.

Gain the latest insights on our market outlook and major trends, exploring how political events, macroeconomic changes, interest-rate shifts and specific sub-asset-class developments can create opportunities for investors.

Biweekly Market Update

30/05/2025

While the U.S. economy has shown surprising strength, the momentum from fiscal stimulus is starting to wane. Meanwhile, the Eurozone is benefiting from increasing investment, easing inflation, and robust household savings.

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Explore the latest CIO View on key investment themes and asset classes

Critical minerals at the center of geopolitical tensions

Competition for raw materials vital for the energy transition is intensifying

Japanese bond yields have risen sharply

We believe that fears of JGB weakness spreading to other government bonds appear to be exaggerated.

Still constructive

Cautiously optimistic: Our forecasts for the next 12 months

Monthly CIO View portraying our positioning

Investment Traffic Lights

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

CIO View Portfolio: Perspectives

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

Quarterly updates providing our longer-term outlook and forecasts

CIO View | Outlook Q3

What’s next for the markets? Our current outlook shows: U.S. policy remains a key factor—with noticeable effects on trade, tariffs, and global supply chains. The average tariff burden on U.S. imports is quadrupling—a clear signal of structural change

Markets have learned to deal with Trump for now

The U.S. government is likely to keep the markets on their toes but investors are now better equipped to cope. Although the economic outlook has deteriorated, we still see upside in many asset classes.

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CIO newsletter

Discover our CIO newsletters: Advance yourself to the market with our Daily Morning Briefing or subscribe to the Weekly CIO View and find out how investment strategists at DWS evaluate the current market development.

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