Sebastian Janker, Head of the Private Bank’s Chief Investment Office in Europe, has a forward look at two of the key themes weighing on many investors’ minds: the outlook for economic growth and changes in China’s regulatory landscape. He remains positive on the global growth outlook to year end, with developed market equities seen to be the primary beneficiaries of this rise in economic activity.
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Weekly Investment Outlook: August 30, 2021 – The world after Jackson Hole: our latest economic and market forecasts
The direction of monetary policy is getting clearer but changing economic recovery expectations have implications for financial markets. Tuan Huynh, CIO for Europe and Asia at Deutsche Bank Private Bank, discusses our new economic and asset class forecasts and what to look out for in the coming week.
Weekly Investment Outlook: August 23, 2021 – Taper twinges: financial markets and the Fed
Financial markets have had a choppy few days after the release of FOMC minutes last week. Deepak Puri, CIO for the Americas at Deutsche Bank International Private Bank, discusses the lessons we can learn, the forthcoming Jackson Hole meeting and other global market concerns.
Weekly Investment Outlook: August 16, 2021 – 50 years on: U.S. policy is still the focus
As we mark the 50th anniversary of the U.S. decision to end the gold standard, Washington is still the global policy focus. Gerit Heinz, Global Chief Strategist for Deutsche Bank's International Private Bank, discusses the forthcoming FOMC minutes, along with other events and data releases around the world.
Weekly Investment Outlook: August 9, 2021 – Are we at peak growth?
In our latest podcast, Christian Nolting, Private Bank’s Global Chief Investment Officer, takes a look back at a very impressive Q2 earnings season while asking the question, “What does peak growth mean for the markets in the weeks and months ahead?” In his week ahead outlook, Christian tells us that market watchers will be focused on the reaction to Friday’s non-farm payrolls report and whether these have changed the assessment of the U.S. recovery and likely policy response. Inflation levels, yield development and questions around when we might see a reduction in tapering remain front of mind as we head deeper into the holiday season.
Weekly Investment Outlook: August 2, 2021 – Q2 Company earnings continue to impress
In our latest podcast, Sebastian Janker, Head of the Private Bank’s Chief Investment Office for Europe and the Americas, takes a look back at a bumper week for Q2 earnings reporting while giving us his take on what to look out for as we approach peak summer holiday season. In his week ahead outlook, Sebastian tells us that market watchers will be focused on this week’s ISM and Non-Farm Payrolls report in the U.S. along with the next round of company earnings results. The big question is, can Q2 results continue their impressive run?
Weekly Investment Outlook: July 26, 2021 – Can the bumper quarter for earnings continue?
Deepak Puri, Chief Investment Officer for the Americas at Deutsche Bank's International Private Bank, tells us what to expect in the markets as we head into a key week for company earnings. He also talks about his expectations for the upcoming U.S. Federal Open Market Committee (FOMC) meeting on Wednesday, while explaining why the rise of the ‘Delta’ COVID variant in many parts of the world could prove to be a key risk in the second half of this year.
Weekly Investment Outlook: July 19, 2021 – Second-quarter earnings season in full swing
In this episode, Sebastian Janker, Head of the Chief Investment Office for Europe and the Americas at Deutsche Bank’s International Private Bank, explains the key economic events to look out for during the course of the next week, whilst commenting on why he thinks last week’s highest U.S. inflation point since 2008 might not necessarily be broad-based in its impact, with those sectors benefiting from the re-opening of the economy showing the most significant uptick in prices. He will also be looking at earnings from the 71 companies to report from the Stoxx 600 in Europe and whether they can meet the market’s lofty expectations on earnings and revenue growth.
Weekly Investment Outlook: July 12, 2021 – Yields in the spotlight
Falling U.S. Treasury yields have challenged the existing economic recovery narrative. Gerit Heinz, Chief Investment Strategist at Deutsche Bank International Private Bank, discusses the reasons behind recent market moves, policymaker responses and key economic and investment data ahead.
Weekly Investment Outlook: July 5, 2021 – Solid Non-Farm Payroll report signalling further growth ahead
In our latest podcast, Sebastian Janker, Head of the Chief Investment Office for Europe and the Americas, takes a look back at U.S. Non-Farm Payrolls data and the ISM manufacturing index reports from last week while giving us his take on what to look out for as we approach Q2 company earnings season in the second week of July. In his week ahead outlook, Sebastian tells us that market watchers will be focused on the FOMC minutes release and in particular any ‘hawkish’ hints in the language after the immediate reaction of various Fed officials following the Fed meetings two weeks ago signalled that a “rate lift-off” in the U.S. may yet be some time away.
Weekly Investment Outlook: June 28, 2021 – Long anticipated rate lift-off not yet on the horizon
In our latest podcast, Sebastian Janker, Head of the Chief Investment Office for Europe and the Americas, explains that the long anticipated “rate lift-off” in the U.S. may yet be some time away, following comments by various FOMC members in the last week. Market watchers will be focused on ISM and labour market reports out of the U.S. this week, to get a sense of the strength of the rebound in global markets.
Weekly Investment Outlook: June 21, 2021 – New dot plots signal faster Fed lift-off
Investors are getting a better sense of the strength of the economic recovery in the U.S., with official statements from the Fed now slightly more constructive. In this podcast, Deepak Puri, our Chief Investment Officer for the Americas, warns that the rise in the ‘Delta’ Covid variant in the UK and other parts of the world continues to cloud the horizon.
Weekly Investment Outlook: June 14, 2021 – Inflation: transitory highs or here to stay?
Following an important ECB policy meeting and U.S. CPI numbers out last week, Gerit Heinz, Global Chief Strategist for Deutsche Bank’s International Private Bank, explains what this means for the markets along with his outlook for the week ahead. Global growth and inflation are trending higher, with all eyes focused on the language to come out of the Central Bank meetings in the U.S. this week.
Weekly Investment Outlook: June 7, 2021 – Employment wins and inflation woes
Sebastian Janker, Head of the Chief Investment Office for Europe and the Americas at Deutsche Bank International Private Bank, discusses U.S. labour and consumer prices data as well as policy options for this week’s ECB meeting.
Weekly Investment Outlook: May 31, 2021 – All eyes on U.S. non-farm payrolls
Global growth forecasts are trending upward, but could be affected by fresh U.S. data and the ongoing stimulus talks, says Deepak Puri, Chief Investment Officer for the Americas.
Weekly Investment Outlook: May 24, 2021 – Volatility still the name of the game
Markets are likely to remain volatile over the next couple of weeks but the economy is “on track” and some investors may even want to invest if there is a pull-back. Tuan Huynh, Chief Investment Officer for Europe and APAC, explains why he won’t be concerned if the swings of the past couple of weeks continue in the short term.
Weekly Investment Outlook: May 17, 2021 – Inflation stays centre-stage
Markets have been rattled by high U.S. inflation rates and price concerns seem likely to remain centre-stage for weeks to come. Gerit Heinz, Chief Investment Strategist at Deutsche Bank International Private Bank, explains the multiple factors behind increased inflation and discusses how markets may respond to this week’s developments in the U.S. and Europe.
Weekly Investment Outlook: May 10, 2021 – When is good news actually bad news?
Could a sustained rise in inflation cause central banks to start tapering earlier than expected? Sebastian Janker, Head of the Chief Investment Office for Europe and the Americas in the International Private Bank discusses the implications for yields and equity markets.
Weekly Investment Outlook: May 3, 2021 – Biden's next 100 days
Markets are buoyant and President Biden’s first 100 days in office have seen a wide range of policy initiatives. But will the next 100 days be more difficult? Deepak Puri, Chief Investment Officer for the Americas at Deutsche Bank International Private Bank, discusses forthcoming U.S. economic data, the medium-term market outlook and the investment challenges ahead.
Weekly Investment Outlook: April 26, 2021 – Is earnings growth about to peak?
Christian Nolting, Chief Investment Officer and Head of Investment Solutions at Deutsche Bank’s International Private Bank, explains what to look for in a crucial week of earnings and why the muted market reaction to remarkable results so far is a healthy response.
Weekly Investment Outlook: April 19, 2021 – Earnings gains and growth hopes
Corporate earnings reports for Q1 2021 are beating expectations, reflecting hopes of economic recovery. Gerit Heinz, Chief Investment Strategist for Deutsche Bank’s International Private Bank explains the driving forces behind U.S. and Chinese economic revival. He also looks at the European Central Bank’s policy options at its April 22 meeting as the Eurozone struggles for lift-off.
Weekly Investment Outlook: April 12, 2021 – Treading carefully as global optimism grows
Equity markets have reached new highs, but can this continue as the world wobbles its way to recovery from COVID-19? Tuan Huynh, Chief Investment Officer for Deutsche Bank’s International Private Bank in Europe and Asia, explains which fiscal, regional and corporate data points he’ll be watching over the coming earnings season and beyond.
Weekly Investment Outlook: March 29, 2021 – Lessons from Q1 for Q2
Christian Nolting, Global Chief Investment Officer for Deutsche Bank’s International Private Bank, discusses lessons for the second quarter from the first quarter and why he is optimistic that growth will return in areas that have so far been subdued this year.
Weekly Investment Outlook: March 22, 2021 – Signs of light amid the storms
Gerit Heinz, Global Chief Investment Strategist at Deutsche Bank's International Private Bank, discusses the purchasing managers' index (PMI) data he expects to see from around the world this week, and what it could tell us about the trajectory of different sectors and regions. Also discussed is the outcome of last week's Federal Open Market Committee (FOMC) meeting in the U.S., and the publication of our Q2 Insights report, which provides an update on the CIO team's predictions for 2021 about the macro impacts of COVID-19.
Weekly Investment Outlook: March 15, 2021 – U.S. and China decisions with global implications
Tuan Huynh, Chief Investment Officer Europe and Asia at Deutsche Bank's International Private Bank, gives his reaction to the massive stimulus package signed into law by President Biden in the U.S. and the surprising conservatism at China's National People's Congress as the government set out its post-COVID growth strategy.
March 8, 2021 – America's $1.9trn bid to overcome COVID-19
Deepak Puri, Chief Investment Officer Americas at Deutsche Bank's International Private Bank, gives his reaction to the COVID-19 relief bill approved by the U.S. Senate over the weekend; comments on a rollercoaster week (with more to come) for local markets; and rounds up the inflationary indicators he'll be watching in the weeks ahead.
March 1, 2021 – Yields, yields, yields
Christian Nolting, Chief Investment Officer and Head of Investment Solutions at Deutsche Bank's International Private Bank, explains why movements in U.S. Treasury yields are especially important to investors right now as the U.S. government implements a huge stimulus programme designed to boost the economic recovery.
