Macroeconomics

Vontobel’s experts highlight a widening set of opportunities in emerging market equities, spanning consumer-driven growth, industrial capital expenditure, energy investment, and markets undergoing structural reforms that emphasize shareholder value and capital discipline.

La propensione al rischio ha resistito all’alternanza delle notizie geopolitiche. Nell’ultimo Investors’ Outlook proviamo a capire perché, e a delineare le prospettive future per il resto del secondo trimestre.

With tensions in the Strait of Hormuz increasing over the weekend and markets getting used to oil prices well in excess of $100 per barrel, this seems an opportune moment to zoom out and look at the state of play in fixed income markets, considering the unsettling reality of a longer-than-expected conflict in the Middle East.

Le brusche oscillazioni nei mercati dei titoli di Stato e delle obbligazioni corporate dallo scoppio del conflitto in Medio Oriente pongono questioni di rilievo per gli investitori nel reddito fisso.

Gli investitori sono in fase di attesa, date le dinamiche in continua evoluzione della guerra in Medio Oriente. La Boutique Multi Asset condivide le sue opinioni nell’ultimo Investors’ Outlook.

In the US and Japan, monetary policy is expected to support fiscal policy, even when central banks have other plans. Federal Reserve “Fed” Chair nominee Kevin Warsh's reform plans conflict with US President Donald Trump's preference for low rates, and the Bank of Japan's efforts to normalize policy clash with Prime Minister Sanae Takaichi's economic agenda.

Vontobel’s experts discuss how geopolitics, inflation and credit are shaping the outlook for fixed income, exploring the impact of the Middle East crisis, diverging paths between the U.S. and Europe, and where value opportunities may emerge across credit markets.

With no end in sight to the US-Israeli war with Iran, and tensions escalating once again over the weekend, investors are bracing for more volatility. Inflation fears have ramped up significantly, reflected clearly in government bond markets where rising yields show rate cuts being priced out and rate hikes increasingly being priced in.

Da inizio anno non è mancata la volatilità, tra tensioni geopolitiche in escalation e timori crescenti legati alla disruption dell’IA, ma una leggera potatura dei mercati può essere salutare. L’ultimo Investors’ Outlook analizza gli sviluppi recenti, mettendoli in prospettiva.

We have had an eventful few weeks of AI-driven volatility in markets, with markets seemingly swinging from “everyone’s a winner” to “everyone’s a loser” faster than technological progress itself.

L’anno si è aperto a tutto volume. Le notizie geopolitiche hanno dominato i titoli, contribuendo a und indebolimento del dollaro e a un balzo dell’oro. Ma cos’altro potrebbe accadere nel corso dell’anno? Scopriamolo nel primo Investors’ Outlook del 2026.

Discover the Q1 2026 Euro IG Credit Outlook, highlighting favorable market conditions, robust credit fundamentals, AI-driven growth, and strategic investment opportunities in key sectors and maturities. Gain insights to navigate the evolving corporate bond landscape effectively.