by Laurent Mander | 02.11.2026 | Market Comment
Record highs in equity markets, a surprisingly strong US economy and billions of dollars flowing into artificial intelligence. October certainly offered plenty of reasons for optimism. Yet towards the end of the month, the first cracks began to appear in the stock...
by Laurent Mander | 06.10.2026 | Market Comment
Oil above $100 a barrel, rising inflation, and three major central banks raising interest rates within the space of just a few days. September reminded investors that geopolitical conflicts do eventually find their way into monetary policy. The war delivers the price...
by Laurent Mander | 02.09.2026 | Market Comment
War in the Middle East, the Strait of Hormuz effectively closed, oil prices at times above $90 a barrel, rising inflation and higher financing costs. The list of reasons why investors should arguably be cautious is remarkably long at present. The equity market’s...
by Laurent Mander | 03.08.2026 | Market Comment
Negotiations between the United States and Iran have by now settled into a remarkably efficient pattern. The two sides reach an agreement, declare the talks constructive, break the agreement, attack each other, and then sit down again to discuss the next constructive...
by Laurent Mander | 05.06.2026 | Market Comment
Europe has long been paying for the Iran war. Not militarily, but economically. More specifically, it is paying through higher energy prices, weaker real wages, rising transport costs, and an economy that was hardly bursting with strength to begin with. France in...
by Laurent Mander | 04.05.2026 | Market Comment
The war in the Middle East remains the central source of uncertainty for capital markets. What began at the end of February with joint attacks by the United States and Israel on Iranian targets has long since turned into a global stress test for energy supply,...
