CIO Weekly Investment Outlook

28 Episodes
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By: Deutsche Bank AG

Direct from the Chief Investment Office (CIO) of Deutsche Bank's International Private Bank, this Weekly Investment Outlook is designed to brief you on our views about the week ahead. Each week, a senior member of our CIO team will summarise the most significant events we expect to take place over the coming days, how these might affect the markets. and what the broader implications might be for the global economy. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might...

ECB “recalibration”, U.S. consumer data and the German elections
#27
Last Monday at 2:00 AM

The ECB reduced the pace of PEPP asset purchases last week but President Lagarde was careful to label it as “recalibration” not “tapering”. Gerit Heinz, Chief Strategist at Deutsche Bank International Private Bank, discusses what the ECB is really trying to do. He also looks at impending U.S. consumer data and German election developments. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are provided by Deuts...


Growth outlook remains positive to year end
#27
09/06/2021

In our latest podcast, 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 tells us that market-watchers will be focused on the reasons behind last week’s Non-Farm Payrolls report miss in the U.S., although perhaps not to the extent that would delay further Central Bank tapering discussions. He also remains positive on the global growth outlook to year end, with developed market equities seen to be the prim...


The world after Jackson Hole: our latest economic and market forecasts
#26
08/30/2021

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.  For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are provided by Deutsche Bank AG or by...


Taper twinges: financial markets and the Fed
#25
08/23/2021

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.  For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are provided by Deutsche Bank AG or by its subsidiaries and...


50 years on: U.S. policy is still the focus
#24
08/16/2021

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, Strategist at Deutsche Bank International Private Bank, discusses the forthcoming FOMC minutes, along with other events and data releases around the world. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are provided by Deutsche Bank AG or...


Are we at peak growth?
#23
08/09/2021

In our latest podcast, Christian Nolting, Chief Investment Officer of Deutsche Bank's Private Bank, 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?” He 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 t...


Q2 Company earnings continue to impress
#22
08/02/2021

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? For more investing insights, plea...


Can the bumper quarter for earnings continue?
#21
07/26/2021

This week, 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, as many of the big technology companies are preparing to publish their results. 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 to financial markets in the second half of this year. For more...


Second-quarter earnings season in full swing
#20
07/19/2021

This week, all eyes will be on the regular July meeting of the ECB, where market participants will carefully look at ECB President Lagarde’s press conference and any comments made around the new monetary policy and inflation framework. Investors will also get their next look at Q2 company earnings as the reporting season continues in earnest. 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 t...


Yields in the spotlight
#19
07/12/2021

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. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with appropriate local...


Solid Non-Farm Payroll report signalling further growth ahead
#18
07/05/2021

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...


Long anticipated rate lift-off not yet on the horizon
#17
06/28/2021

This week, all eyes will be on the ISM and labour market report numbers out of the U.S., where investors will focus their attention on the strength of the labour market recovery in June and whether companies – back in growth mode – can find the workers they need to continue to expand. Investors are getting a better sense of the outlook for inflation in the US also, with various statements from Fed officials last week slightly more dovish. In our latest podcast, Sebastian Janker, our Head of the Chief Investment Office for Europe and the Americas, explains the key economic even...


New dot plots signal faster Fed lift-off
#16
06/21/2021

All eyes were on the US Federal Open Market Committee (FOMC) meetings last week, where the Fed maintained its dovish policy stance and transitory label for the recent rise in inflation. Investors are getting a better sense of the strength of the economic recovery in the US, with official statements from the Fed now slightly more constructive. In this podcast, Deepak Puri, our Chief Investment Officer for the Americas, explains the key economic events to look out for during the course of the next week, whilst warning that the rise in the ‘Delta’ Covid variant in the UK and other part...


Inflation – transitory highs or here to stay?
#15
06/14/2021

Following an important ECB policy meeting and US 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 US this week. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back th...


Employment wins and inflation woes
#14
06/07/2021

U.S. employment gains are back on track but high inflation rates continue to unsettle financial markets and central banks. 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. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this po...


All eyes on U.S. non-farm payrolls
#13
05/31/2021

All eyes are on the key US non-farm payrolls read-out, due on June 4 at the end of a holiday-shortened week in the US and UK. After last month’s result left market participants underwhelmed, this number should give investors a better sense of the strength of the economic recovery in the U.S. Deepak Puri, Chief Investment Officer for the Americas, explains the key numbers to look out for during the course of the next week, whilst outlining a number of important changes to the global CIO forecasts following a quarterly review. For more investing insights, please visit www.deutschewealth.co...


Volatility still the name of the game
#12
05/24/2021

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. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services descri...


Inflation stays centre-stage
#11
05/17/2021

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. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this po...


When is good news actually bad news?
#10
05/10/2021

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. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with...


Biden's next 100 days
#9
05/03/2021

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. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are pr...


Is earnings growth about to peak?
#8
04/26/2021

This earnings season has produced some impressive numbers so far, from U.S. companies in particular, but the market reaction has been muted. It's a healthy sign, says Christian Nolting, Global CIO of Deutsche Bank's International Private Bank, and as we pass the peak in earnings growth (with Europe lagging the U.S. by a month or so in line with its patchy vaccine roll-out), it should present some interesting opportunities. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you...


Earnings gains and growth hopes
#7
04/19/2021

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. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podc...


Treading carefully as global optimism grows
#6
04/11/2021

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. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are provided by D...


Lessons from Q1 for Q2
#5
03/28/2021

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. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance wi...


Signs of light amid the storms
#4
03/21/2021

Gerit Heinz, Global Chief Investment Strategist at Deutsche Bank's International Private Bank, discusses the purchasing manufacturers 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. For more investing insights, please visit http://www.deutschewealth.com/ (www.deutschewealth.com) This...


U.S. and China decisions with global implications
#3
03/14/2021

Tuan Huynh, Chief Investment Officer Europe and Asia at Deutsche Bank's International Private Bank, gives his reaction so the massive fiscal 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. For more investing insights, please visit http://www.deutschewealth.com/ (www.deutschewealth.com) This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are...


America's $1.9trn bid to overcome COVID-19
#2
03/08/2021

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. For more investing insights, please visit http://www.deutschewealth.com/ (www.deutschewealth.com) This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in...


Yields, yields, yields
#1
03/01/2021

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. For more investing insights, please visit http://www.deutschewealth.com/ (www.deutschewealth.com) This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are provided by Deutsche Bank...