General Market Review  October was another strong month for risk assets; equities broadly continued their rally which was fueled by signals of easing in the US-China trade war. In that environment the S&P 500 rose 2.3% and the Stoxx Europe 600 advanced 2.5%. Apart...

General Market Review  The month of September was relatively calm with low volatility and only few notable macro events. The most important one came from the US, where GDP figures for Q2 2025 were revised up in a third instance to 3.8% quarter-on-quarter (annualized),...

General Market Review  The month of September was relatively calm with low volatility and only few notable macro events. The most important one came from the US, where GDP figures for Q2 2025 were revised up in a third instance to 3.8% quarter-on-quarter (annualized),...

General Market Review  In a nutshell sentiment was constructive in August as both equity and credit markets performed well. In the second half of the month – ahead of the Jackson Hole Economic Symposium – the momentum has slowed a bit as equities traded sideways....

General Market Review  In a nutshell sentiment was constructive in August as both equity and credit markets performed well. In the second half of the month – ahead of the Jackson Hole Economic Symposium – the momentum has slowed a bit as equities traded sideways....

General Market Review  The implied volatility – whether in interest rates or credit spreads – is declining for three consecutive months after the major blow-off in April that shook global markets. In terms of interest rate volatility, we are back on a level before...

General Market Review  Sentiment was strong in July and marked a pivotal uptick as markets rallied on trade deal optimism. There were a few positive earnings surprises from banks, technology and retail companies that helped to fuel the performance. On July 27, the US...

We would like to share a brief recap of European airline equities during the 1st half of 2025 and our outlook in this segment under the section “Quarterly Note Equity Investments”. The section "Quarterly Note Fixed Income Investments" highlights that opportunities...

General Market Review  Overall, the sentiment remained firm in June as risk assets quickly shrugged off concerns about a potential escalation in the Middle East and instead traded higher on tariff optimism and expectations on lower taxes in the US. Nevertheless, the...

General Market Review  Overall, the sentiment remained firm in June as risk assets quickly shrugged off concerns about a potential escalation in the Middle East and instead traded higher on tariff optimism and expectations on lower taxes in the US. Nevertheless, the...