Biden’s big plans for America

Infrastructure programs are economically necessary but often politically sensitive. President Biden may have hit the right time and tone and appears to be using rivalry with China as a lever.

Investment Traffic Lights

By: Stefan Kreuzkamp

The first quarter was propelled by rising growth expectations and bond yields, as well as by a rotation into cyclical stocks.

Americas CIO View

By: David Bianco

First-quarter S&P 500 EPS will likely beat estimates: Market priced for 10% or more

Diminished expectations, if only in Europe

It is sadly foreseeable that economic growth in continental Europe will once again lag well behind other economies in 2021. That need not spell financial-market disaster.

The return of inflation?

By: Martin Moryson

Is inflation back? Is its current rise permanent or just temporary? And what are the implications of reviving inflation for the capital markets?

CIO Commodity Commentary

By: Darwei Kung

Oil takes a break after dizzying heights

Commercial real estate as a hedge against inflation

Commercial-real-estate prices are driven by many factors, including inflation. Rising inflation expectations are likely to support this segment of the property market.

Americas CIO View

By: David Bianco

Rising Treasury yields: how high will they go?

Making Sense of a Chaotic ESG Reporting Landscape

By: Francesco Curto, Michael Lewis

Traditional approach to corporate reporting and the drive towards sheer profit maximisation has led to environmental damage, human rights abuses and greater inequalities

U.S. Economic Outlook

By: Christian Scherrmann

Remain complacent – but only about monetary policy, not the pandemic

Market Outlook | An unusual upswing is gaining pace

The global economy is expected to achieve remarkably high growth in 2021. This is a good basis for the capital markets, but it creates risks and may require reallocations.

Another booster shot for the greenback

The rapid pace of U.S. vaccinations is just one of several arguments in favor of the U.S. dollar compared to the euro.

Focus | From "fad" to fact

Joe Biden’s inauguration looks increasingly likely to mark a sea change for sustainable investing. This could have lasting implications well beyond U.S. shores.

No re-run of that 70s show

By: Johannes Müller, Peter Doralt

The bond market is already fretting about the U.S. economy overheating. However, we continue to think that the looming spike in inflation rates will be transitory.

Americas CIO View

By: David Bianco

Equity investing with earnings quality considered