News
AI Boom: What Matters Is Who Comes Out on Top
The expansion of artificial intelligence is driving both stock markets and US economic growth. Expectations are high for a spectacular increase in labour productivity. At the same time, however, there are warnings of equally dramatic job losses. “The debate is dominated by extremes: mass unemployment on the one hand and a productivity miracle on the other,” says Thorsten Fischer, Managing Director and Head of Portfolio Management at Moventum AM. “But the reality is more complex.” Some will benefit from AI, while others will lose out. This applies to employees and investors alike.
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Socialism or MAGA: America's political centre is hollowing out
US political debate is increasingly defined by two extremes: MAGA economic nationalism on one side, democratic socialism on the other. The ground in between is steadily emptying. At the same time, Washington is intervening ever more heavily in the
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US Midterm Elections: What Does Financial Market History Tell Us?
“Affordability” is the central issue in the upcoming US congressional elections. As the cost of food, energy and rent continues to rise, President Trump’s popularity continues to decline. “The election on 3 November will effectively become a referendum
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Food prices: The wave of price increases gathers momentum
Agricultural commodity prices are rising rapidly, and the situation is now becoming even more acute as the El Niño weather phenomenon continues to intensify. Adding to the pressure are higher energy and fertiliser prices, as well as the war in Ukraine.
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Real Assets for Challenging Times
Fears of an AI bubble, geopolitical tensions, sovereign debt, war and inflation: against a backdrop of numerous sources of uncertainty, real assets are increasingly coming into focus. “Over the medium term, metals offer attractive opportunities,
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Brazil votes and the whole world is watching
Much is at stake in Brazil’s forthcoming election: a possible shift to the right in Latin America, allegations of corruption and the great-power rivalry between the United States and China. “Ultimately, however, the economic situation is likely to prove
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Five Investment Trends Beyond the Market Noise
A resilient economy and rising inflation are currently shaping conditions in equity markets. However, the key source of uncertainty remains the war in the Middle East. “Leaving aside the geopolitical situation and short-term market fluctuations, several
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The Yen Becomes a Rollercoaster Currency
For many years, the Japanese yen was regarded as one of the dullest and most stable currencies in the world. Anyone investing in yen generally knew in advance what to expect. Over the past few months, however, that has changed noticeably. “The yen has
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Between War and Economic Strength: The State of the Markets
Two opposing forces are currently shaping the global economy: on the one hand, the strength of the corporate sector; on the other, private households, whose purchasing power is being eroded by rising prices. The war in Iran is playing a central role. “As
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