This week Christian Nolting, Global Chief Investment Officer of Deutsche Bank's Private Bank, gives us his insights into the ongoing market volatility and recessionary fears.

The search for the circuit breaker remains a key theme for market observers, including our CIO office, which is why Christian thinks it might be time to cautiously reposition portfolios to a more neutral position on equities.

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Weekly Investment Outlook: May 16, 2022 – In search of the circuit-breaker

Dirk Steffen, Global Chief Investment Strategist of Deutsche Bank's Private Bank, gives us his insights into last week’s CIO day and analyses the anatomy of the recent market sell-off.

The CIO house view on most asset classes remains constructive over the next 12 months, but the current market volatility gets the most airtime in this week’s podcast, as Dirk explains what it’s going to take – the circuit-breaker – to reverse ongoing declines and negative investor sentiment across most markets.

Weekly Investment Outlook podcast: May 9, 2022 – Digesting the new reality

Dirk Steffen, Global Chief Investment Strategist of Deutsche Bank's Private Bank, looks back at a busy week for central banks, as the U.S. Federal Reserve, the Bank of England and others raised their baseline interest rates, contributing to extraordinary volatility.

Dirk reflects on the best European earnings season versus expectations for 10 years in an environment where long-term U.S. treasuries are yielding over 3% with unemployment at pre-pandemic lows. Defining this new reality and making sense of what it means for markets is not an easy task, yet Dirk is not as bearish as others on the Street.

Weekly Investment Outlook: May 2, 2022 – What side of the fence are you on?

In this week’s CIO Weekly Investment Outlook podcast, Deepak Puri, Chief Investment Officer for the International Private Bank in the Americas looks back at a busy week for first quarter earnings and gives his take on what persistently high U.S. inflation and global macro uncertainties might mean for the markets.

According to Deepak, in one sense, company earnings are showing a net positive outlook, but when you combine these with an environment where the market is expecting the U.S. Federal Reserve to raise rates by up to 50 basis points this week, as well as ongoing geopolitical tensions and supply chain pressures continuing to create uncertainty, the question remains; can these good results continue?

Weekly Investment Outlook: April 25, 2022 – Data-driven week ahead

This week Stefanie Holtze-Jen, Chief Investment Officer in the Asia Pacific is back on the weekly investment outlook podcast to talk about the various global data points she is looking out for in the week ahead! French elections, U.S. GDP and consumer confidence indicators along with a heavy week of company reporting will all impact market sentiment over the course of the week as Q1 earnings season gets into full swing.

Tune in to this week’s podcast to hear Deutsche Bank’s Asia Pacific CIO outline why she thinks ongoing volatility might still be driving markets given ongoing concerns around inflation, growth outlook and geopolitical risks.

Weekly Investment Outlook: April 18, 2022 – Europe and China’s central bank policy divergence

In this week’s CIO Weekly Investment Outlook podcast, Stefanie Holtze-Jen, Chief Investment Officer for Asia Pacific of the International Private Bank discussed the recent Asia central bank policy action as inflationary pressures continue given the macro backdrop, and shared her view of the major developments to watch after the Easter break.

Looking ahead in Asia, Stefanie expects China’s PBOC to announce monetary stimulus in the form of a RRR cut after the forthcoming State Council Meeting, while she believes next week’s Eurozone inflation data and political risks could take centre stage after last week’s ECB meeting.  

Weekly Investment Outlook: April 11, 2022 – Will the ECB shift gears?

In this week’s CIO Weekly Investment Outlook podcast, Dirk Steffen, Global Chief Investment Strategist of the Private Bank shared his main key takeaways from latest FOMC minutes and elaborated on the market reactions. Looking ahead, Dirk expects all eyes to be on the upcoming ECB meeting and the ECB’s response to high inflation rates in Europe. Furthermore, Q1 earnings season will kick off and the latest U.S. inflation rates will be released.  

Weekly Investment Outlook: April 4, 2022 – What to expect from the new quarter?

In this week’s CIO Weekly Investment Outlook podcast, Dirk Steffen, Global Chief Investment Strategist of the Private Bank elaborates on the latest Manufacturing Purchasing Managers Index in China; high inflation rates in the Eurozone and the March numbers from the U.S. job market.Looking ahead, Dirk points out the importance of the upcoming earnings season, where he expects respective company outlooks to be in focus as well as highlighting key market topics facing investors.

Weekly Investment Outlook: March 28, 2022 – What’s left in the toolkit?

In this week’s CIO Weekly Investment Outlook podcast, Christian Nolting, Global Chief Investment Officer for the Private Bank looks back at U.S. Federal Reserve Chairman Powell’s comments last week where he signalled that he would not rule out a 50 basis point rate hike at the next FOMC meeting. Christian highlighted not only raising interest rates, but the other tools in the pocket of central bankers as they continue to fight against persistently high, supply chain driven inflation. Along with his week-ahead outlook, Christian highlights the key questions facing investors as we approach the Easter break and as we look towards Q1 earnings season in mid to late April.

Weekly Investment Outlook: March 21, 2022 – We have lift-off!

In this week’s CIO Weekly Investment Outlook podcast, Deepak Puri, Chief Investment Officer for the International Private Bank in the Americas looks back at the U.S. Federal Reserve’s move to lift interest rates by 25 basis points last week and analyses what that means for the markets. Despite U.S. and European stocks having their best week since November 2020, Deepak warns of further market swings ahead however, as ongoing geopolitical tensions, fuelled by the Ukraine crisis, volatile commodity markets and other supply chain price pressures continue to cast a shadow over equity markets.

Weekly Investment Outlook: March 14, 2022 – The Central Bank Conundrum

This week our new Chief Investment Officer in the Asia Pacific Stefanie Holtze-Jen makes her podcasting debut! Stefanie looks back at last Thursday’s surprise European Central Bank announcement to phase out its bond purchases more quickly than previously planned while signalling the end of the Pandemic Emergency Purchase Programme (PEPP). She assesses what implications these decisions might have for markets and other central bank statements this week. Stefanie then takes a look at global foreign exchange markets and finally looks into the market impact of the ongoing People’s Congress Conference in China.

Weekly Investment Outlook: March 7, 2022 – Turbulent times ahead

In our latest CIO Weekly Investment Outlook podcast, Dirk Steffen, Global Chief Investment Strategist of the Private Bank, looks back at the terrible events that continue to grip Ukraine and the way geopolitics now has a dominant impact on the markets. We then discuss the knock-on effects for commodities and inflation while looking into equity markets worldwide and the impact this crisis could have on portfolios.

Weekly Investment Outlook: February 28, 2022 – Market reactions

In our latest CIO Weekly Investment Outlook podcast, Dirk Steffen, Global Chief Investment Strategist of the Private Bank looks back at the terrible events of last Thursday in Ukraine and the very strong, negative market reaction. Dirk goes on to look at the knock-on effects for various commodities and the subsequent dilemma facing central bankers around the world.

Further insights

Follow the link below for further insights from our Chief Investment Office, including our latest quarterly outlook.


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