In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Officer in APAC, Stefanie Holtze-Jen, discusses the message from Federal Reserve Chair Jay Powell for markets. Stefanie also discusses key developments in Asia including intervention for the Japanese Yen, and drivers of Japanese equities. Shedding light on Greater China developments, Stefanie points to the steps from China’s CSRC that aims to encourage more mainland IPOs to list in Hong Kong, which is...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Officer for Europe, Middle East and Africa, Dr. Dirk Steffen, talks about the recent wave of expectation-beating corporate earnings reports, and discusses other signs that the U.S. economy is holding strong, despite first-quarter GDP coming in below forecasts. For the week ahead, all eyes will be on the Federal Reserve’s policy decision on Wednesday, along with another group of corporate results, and...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Global Chief Investment Officer, Christian Nolting, considers recent developments regarding the conflict within the Middle East, and reflects on the potential impacts for investors and a variety of asset classes. For the week ahead, corporate earnings are at the top of the agenda, and Christian says investors “need to focus on quality”. U.S. tech firms are due to report, and the spotlight will be on how they perform in...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Officer for Europe, Middle East and Africa, Dirk Steffen, discusses the upcoming divergence between the Eurozone and the US rate cycles. The odds are that US rates will likely be higher for a bit longer, in contrast to the European Central Bank which will likely cut once more than the Fed. Dirk also discusses US and European equities reporting season, where he argues fundamentals are firm to positive. In...

Deepak Puri, our Chief Investment Officer for the Americas, recaps the first quarter, highlighting resilient U.S. economic growth metrics, reinforced by the latest nonfarm payrolls count. He also touches on the strong equity market performance as the S&P 500 posted its 11th best first-quarter performance since 1950. Looking ahead, Deepak talks us through his expectations for this week's ECB meeting, the kick-off of the earnings season, and U.S. CPI inflation data. Commenting on the...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Officer in APAC, Stefanie Holtze-Jen, weighs in on a couple of central-bank surprises: one in the United States, that "the markets really took as a dovish sign", and another in Switzerland, where an earlier-than-expected move to cut rates put it out of step with the European Central Bank. "The initial reaction has been in the currency markets," she said. Japan was also in the spotlight after it ended its...

Global Chief Investment Officer Christian Nolting looks ahead to next week’s agenda, which is packed with various central bank meetings. While interest rate changes may not be on the radar for the majority, according to Christian, "the Bank of Japan is quite interesting… and the closest to making a change". Christian also shares a glimpse into the main areas of discussion during our latest CIO day, as well as his key takeaways from recent client events. While inflation is still a hot topic...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Strategist and CIO for EMEA, Dirk Steffen, comments on the latest ECB meeting, where the central bank’s language pointed to a potential rate cut in June. Turning to the US, where growth is stronger, Dirk reflects on the latest jobs report which he describes as “encouraging and constructive for markets” and data hinting at the possibility of “no landing at all”. For this week, inflation remains high on...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Officer in the Americas, Deepak Puri, reflects on what has been a strong start to the year for US equities and elaborates on the drivers behind it. Furthermore, Deepak comments on the latest PCE results and how they could affect interest rates cuts on the horizon. Looking ahead, Deepak foresees a very busy week for the US – both from an economic and political perspective – tune in to learn what is on the...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Officer in APAC, Stefanie Holtze-Jen, discusses what’s driving the Nikkei to new highs. She says structural reform in Japan, a positive outlook for wage growth and Yen weakness benefitting export sectors are providing investor optimism. Holtze-Jen also discusses the first week of market trading in China after the Lunar New Year holidays, where there may be some glimmer of green shoots. She also points...

In this episode of the Weekly Investment Outlook Podcast, Dirk Steffen, Chief Investment Officer for EMEA, outlines the current landing debate after US inflation numbers came in firmer than expected. Dirk said that "discussions have ranged from a possible severe recession some time ago to a soft landing in recent months. But today, we are discussing a scenario that could mean no landing at all.” Dirk also shares his take on the UK and Japan entering a technical recession in Q4 2023,...

In our latest CIO Weekly Investment Outlook podcast, the Private Bank’s Global Chief Investment Officer, Christian Nolting, reflects on a positive week for corporate earnings and U.S. equities, with the S&P 500 hitting a new all-time high. For the week up front, he’ll be keeping a close eye on inflation – especially the latest U.S. CPI reading – as well as further earnings releases. He also shares the questions and topics that are at the forefront of our clients’ minds, having spent the...

In this episode of the CIO Weekly Investment Outlook podcast, Dirk Steffen, Global Chief Investment Strategist and CIO EMEA talks about earnings with a focus on the Magnificent Seven and highlights that investments related to AI have shown to be validated across several earnings seasons. At the same time, the first U.S. jobs report for 2024 showed that significantly more new jobs were created in January than expected. Dirk said that “the bond market has started to price this in and the...

This week's CIO Weekly Investment Outlook podcast is all about what's moving markets in the U.S. Deepak Puri, Chief Investment Officer for the Americas, joins us to talk Fed meeting expectations, earnings and data releases next week, and provides insight into what's on the radar for 2024, including elections.  Although a rate cut next week is highly unlikely, Deepak mentioned that "there will be a lot of scrutiny on the statement itself and the press conference". With a focus on monetary...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Officer in APAC, Stefanie Holtze-Jen, highlights her recent discussions with clients regarding the upcoming elections over the course of 2024 and the implications for geopolitical risk as well as markets' expectations regarding future rate cuts. For Asia specifically, Stefanie touches upon our outlook for the major economies in the region; China, Japan and India and their impact on markets. Stefanie will...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Strategist and CIO for EMEA, Dirk Steffen, reflects on an eventful week with Q4 earnings season kicking off.  Commenting on the latest U.S. CPI data, Dirk says that “after a short nervous reaction, markets stabilised quickly” and investors’ expectations on rate cuts remained largely unchanged. Turning to APAC, Dirk comments on the latest rally in Japanese equities and elaborates on the underlying...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Global Chief Investment Officer Christian Nolting shares his views of the biggest themes to shape investment markets this year.   Christian described the first week of trading as a “reality check” compared to the fourth quarter of 2023, and said the correcting markets is “positive and more realistic” for investors.  2024 is also tipped to be the biggest election year in history, with more than 4 billion people going...

In this week’s CIO Weekly Investment Outlook podcast, Christian Nolting, Global Chief Investment Officer, elaborates on the central bank decisions of last week and shares his take on potential rate cuts in 2024. He highlights that not only is timing of the essence but also the extent of cuts, adding that "the market is probably expecting too many rate cuts and inflation is still quite sticky." Furthermore, he sees the liquidity measure taken by the People's Bank of China as a positive signal,...

In this week’s special edition CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Officer ESG, Markus Müller speaks to Communications Manager Sarah Stabler to recap key takeaways from COP28, the UN Climate Conference. Markus discusses COP28 highlights from the first week, including pledges to the Loss and Damage Fund and commitments to tripling renewable energy capacity globally, marking some progress toward keeping planetary boundaries in check. Discussing green and...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Strategist and CIO for EMEA, Dirk Steffen, looks back at what has been a “monster month” in terms of performance for balanced portfolios and bonds. Commenting on the latest European CPI data, Dirk says central banks are still “in data dependency mode” before switching gears on interest rates. Turning to APAC, Dirk argues that while the data landscape is very mixed, the valuation is attractive and...

In this week’s CIO Weekly Investment Outlook podcast, Christian Nolting, Global Chief Investment Officer, shares his view on the equity rally, which “is appreciated”, but stresses that we haven’t overcome a lot of inflationary pressures yet and should therefore be wary of too much euphoria. He also discusses upcoming consumer data, highlights developments on the fiscal side as well as yield movements, and shares his take on oil prices “which are still an important driver for markets”....

Deepak Puri, the Private Bank’s Chief Investment Officer in the Americas, reflects on recent economic data pointing to a disinflationary trend and comments on related market reactions. He also shares his key takeaways for investors from the Private Bank's latest quarterly CIO day. For more investing insights, please visit deutschewealth.com In Europe, Middle East and Africa as well as in Asia Pacific this material is considered marketing material, but this is not the case in the U.S. No...

In this week’s CIO Weekly Investment Outlook podcast, Dirk Steffen, Chief Investment Strategist and CIO for EMEA, provides his take on the Q3 earnings season, stressing that "in the U.S. we had a reasonable beat on earnings and a small one on revenues" in comparison to Europe where the picture is a bit more mixed. In addition, he emphasises that the economic environment is not favourable for oil in the short term, but there is room for improving demand in 2024 and potentially higher...

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Chief Investment Officer in APAC, Stefanie Holtze-Jen, discusses three significant central bank decisions; from the Bank of Japan, the Federal Reserve and the Bank of England.   Stefanie says the Bank of Japan is walking a thin line as it tries to increase policy flexibility, and that Federal Reserve Chairman Jerome Powell has turned dovish but left the door open. In Asia Pacific, Stefanie will be closely watching...