Investing insights

The Spanish economy has shown remarkable resilience during 2023, but the latest indicators point to a slowdown. A complex political environment will make it more difficult to address some important challenges.

In our new CIO Special – U.S. Election: Running up that hill, we explore the political landscape of the upcoming Presidential elections, key issues that will shape the narrative for the race and its potential impact for investors.

The key to sustained long-term returns from ESG investment is effective strategic asset allocation.

Once we looked to technology to make transportation systems cheaper, faster or safer. But “smart mobility” needs to be more sustainable too - and the primary challenge may be social in nature.

The Private Bank’s ESG CIO Markus Müller and Dr. Philipp Rode of the London School of Economics (LSE) look at how cities can adapt to increasing social, economic and environmental pressures in an ever-more urbanised world.

The recent discussions regarding looser fiscal policy in Italy have exacerbated the volatility on the bond market, leading to a moderate widening of its spreads.

The expansion of the BRICS coalition, with six nations set to join at the start of 2024, will provide the group with increased access to mineral resources and impact global supply chains.

Environmental constraints mean that system changes will be necessary to meet four key human demands –for energy, food, manufacturing and mobility.

The German economy is faltering and there is a growing debate about the appropriate policy response, but we remain confident that the country can address its structural challenges.

Our planet provides an abundance of land-based resources that we use to meet our needs, but just five key demand areas - cement, aluminium, steel, plastics, and food - account for around 37% of global CO2 emissions.

Deutsche Bank Private Bank’s ESG CIO Markus Müller and Anna Katharina Mayer, Club of Rome member and FindingSustainia co-founder, look at the complex issues around measuring sustainability – in other words, how we assess the real impact of corporate, government and individual actions on the natural world around us.

The Chinese government has left no doubt that it is serious about addressing the country's sluggish growth with targeted support measures, but recent economic data confirm the near-term challenges.

Recent Chinese economic data have been mixed, with persistent weakness in the property and manufacturing sectors. But a more stable recovery for the country is likely in the coming quarters.

Fresh economic data and easing geopolitical tensions point to a potential outperformance for Chinese stocks in the coming quarters.

U.S. inflation fell more than expected in October, lifting stock markets and reducing expectations for an interest-rate rise from the Federal Reserve in December.

Indonesia’s Q3 GDP came in below expectations, but the country remains among the fastest growing Asian economies.

Official U.S. employment data for the month of October pointed to much-needed softening of the labor market and reinforced the Fed’s stance to keep rates steady.

The Bank of England left interest rates unchanged as expected, and predicted that the U.K. government would meet its goal of halving inflation by the end of the year.

The Federal Reserve left interest rates unchanged, but emphasized that inflation remains “elevated” and that it is committed to bringing it down to the ideal 2%.

The Bank of Japan is performing a balancing act between managing domestic growth, reaching its inflation target, and factoring in the depreciation of the yen.

The European Central Bank left interest rates unchanged - and interest rate cuts are not expected in the near future.

China's gross domestic product for the third quarter beat analysts' expectations, but headwinds from the weak property sector and uncertainty from geopolitical tensions persist.

Slightly stronger-than-expected U.S. inflation data for September might not be enough to persuade the Fed to act at its next policy meeting, although a further rate hike in November can’t be completely ruled out.

The September nonfarm payrolls report saw labor markets strongly surpass forecasts, raising expectations for an interest-rate increase at the next Federal Reserve meeting.