Real Estate

Essential materials keep the economy and technological progress moving. Yet more and more growth industries are competing for the same raw materials—while supply is expanding only slowly.

As long as corporate earnings continue to develop dynamically, the outlook for the equity markets remains intact. However, risks are increasing, for example due to further rises in bond yields.

Gold has once again demonstrated why it is in demand in uncertain times. Geopolitical risks, US Federal Reserve monetary policy and doubts about the strength of the US dollar supported the price. The recent development therefore appears to be part of a longer-term positive environment rather than a short-lived rebound.

Essential materials keep the economy and technological progress moving. Yet more and more growth industries are competing for the same raw materials—while supply is expanding only slowly.

Markets don't move on headlines alone. Structural shifts are changing Europe's investment story.

Gold has once again demonstrated why it is in demand in uncertain times. Geopolitical risks, US Federal Reserve monetary policy and doubts about the strength of the US dollar supported the price. The recent development therefore appears to be part of a longer-term positive environment rather than a short-lived rebound.