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Im September trafen die Befürchtungen einer weltweiten Rezession und einer Straffung der Geldpolitik die Kapitalmärkte hart: Sowohl globale Aktien als auch globale Staatsanleihen gaben nach, als die Fed und die EZB ihren Straffungszyklus fortsetzten.

Senior hire enhances the firm’s Media & Telecom team in New York and further expands the Global Advisory business in North America.

Plain sailing. Batten down the hatches. Strong headwinds. When describing markets, it's common to call upon maritime metaphors to convey uncertainty. In the current economic landscape, we find ourselves reaching for them again.

In his role, Mr Bossart will apply his advisory experience to clients in Switzerland and bring Rothschild & Co’s global platform to them.

At different paces, and with varying displays of conviction and credibility, western central banks are continuing to raise interest rates, closing the stable door ever more firmly as the inflation horse canters merrily on the horizon. As we write, the rates priced into the money markets suggest that US, eurozone and UK policy rates will peak at 4.6%, 2.9% and 4.9% respectively, and will do so during 2023. Swiss rates are expected to peak at 2.2%, during 2024.

Sterling has fallen further after the UK's "fiscal event", making higher interest rates even more likely. However, its all-round weakness is being overstated, as is the threat to the UK government's creditworthiness.

Fernanda will work closely with Client Adviser teams, focused on optimising relationships with clients.

Die mittelständischen Unternehmen in den USA sind ein wichtiger Motor der US-Wirtschaft. Diese Unternehmen erwirtschaften einen Gesamtumsatz von 10 Billionen USD und beschäftigen rund 50 Millionen Arbeitnehmer, was sie zu einer attraktiven Investition auf dem Privatmarkt macht.

Within the world’s largest and most dynamic continent, Emerging Asia includes many of the fastest growing and largest economies such as China, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.

International tensions and geopolitical risk – which have rarely given rise to major market inflections and have often been relegated to the background by investors – are now back in the spotlight.

Das Hauptrisiko für die globalen Wachstumsaussichten bleibt die hartnäckige Inflation von heute. In dieser Marktperspektive beleuchten wir die makroökonomischen und marktbezogenen Rahmenbedingungen - einschließlich einer eingehenden Betrachtung des globalen Inflationsverlaufs - sowie den anstehenden politischen Kalender.

It is the worst calendar year return (so far) for bonds, some value may finally be re-emerging in the high-quality government bonds that comprise the core of the global market. Is it time to retire the acronym TINA (‘There is No Alternative’)?