Nachrichten und Einblicke

Die globalen Aktienmärkte legten im Januar (in EUR) um 0,9 % zu, die Performance von Bundesanleihen mit einer Laufzeit von zehn Jahren zeigte mit 0,6 % ebenfalls einen leichten Anstieg.

The global economy enters 2026 navigating an unusual mix of resilience and structural tension, reflecting the enduring capacity of firms and households to absorb shocks. The key question is how long headwinds from shifting trade policies, geopolitical uncertainty, and weakening labour markets can continue to be offset by tailwinds from surging business investment and ongoing fiscal and monetary support.

We explore why the global backdrop remains more stable than the headlines suggest, and where investors should remain particularly attentive in the year ahead.

Rothschild Martin Maurel is pursuing its growth strategy by strengthening its presence in the Provence-Alpes-Côte d’Azur region with the opening of a new office dedicated to its Wealth Management activity in Nice.

This is the latest Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory. The US growth equity market grew 2.1x by value in 2025 to $234bn (2024 $109.7bn). The growth was fuelled by AI raises which grew 3.3x yoy and accounted for 57% of total proceeds. Europe, where the AI effect was less marked and the leading sector was software, saw the value of raises grow by 44% in 2025 to $49.2bn.

The global economy has maintained dynamic growth since early 2022, despite shocks linked to supply chain disruptions caused by Russia’s invasion of Ukraine (2022–2023), the synchronized tightening of global monetary policy (2023–2024), and the sharp increase in U.S. tariffs (2025). Will this impressive trajectory continue in 2026?

Ausblick 2026: Zwischen geopolitischem Gegenwind und makroökonomischer Stabilisierung

Die globalen Aktienmärkte legten im Dezember (in EUR) leicht zu, während die Performance von Bundesanleihen mit einer Laufzeit von zehn Jahren mit -1 % negativ ausfiel.

In our latest geopolitical blog, Mark Sedwill, Chair of Geopolitical Advisory at Rothschild & Co offers his reflections on six strategic reasons for Christmas confidence.

Eine frühzeitige Planung Ihrer Rente sorgt für finanzielle Sicherheit und eine hohe Lebensqualität und ermöglicht es Ihnen, Ihre Projekte zu verwirklichen.

This is the latest Growth Equity Update from Patrick Wellington, Vice-Chairman of Equity Advisory. 52% of the $63.4bn raised by the US growth equity market in Q4, up 31% yoy, was for AI companies. Datacentres, defence and crypto made strong showings. In this edition we look at the rise of the prediction marketplaces, Polymarket and Kalshi. Polymarket’s $2bn November raise at an $8bn valuation was up from $1.2bn in January. Kalshi’s valuation was $2bn in June and $11bn in November. We predict what’s ahead for them in 2026.

Rothschild & Co Redburn have shared their final review of 2025, where they discuss all these questions, and more.