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,...
by Stephan Hompes | 04.03.2026 | Market Comment
The conflict in the Middle East undoubtedly carries risks for capital markets. The escalation between the United States, Israel and Iran, military strikes and temporary disruptions to key shipping routes have the potential to push energy prices higher in the short...
by Stephan Hompes | 17.02.2026 | Market Comment
Equity markets entered the new year with noticeable tailwinds. Numerous stock indices worldwide posted strong gains and reached new all-time highs. What matters, however, is less the level than the structure. Price advances are now supported by significantly broader...
by Laurent Mander | 09.12.2025 | Market Comment
Global capital markets and economic indicators currently present a complex yet overall constructive picture. Although the economic environment remains marked by uncertainty ranging from political tensions to fiscal disputes the underlying fundamentals of many...
by Laurent Mander | 08.10.2025 | Market Comment
America’s Economy Defies Uncertainty Despite all the headlines surrounding the independence of the central bank or the negative effects of trade tariffs on the economy, the current situation in the United States also reveals another, often underestimated, side: the...
