Week Sept. 2/Sept. 8, 2024  The week just past saw the major Western stock indexes close in negative territory, effectively undoing the strong performance achieved in the last two weeks of August.   The reason for this decline is a partial slowdown in the economy that is beginning to be glimpsed, largely justifyingPowell’s announcement of interest rate cuts in the U.S. starting in September.

The German market has always been considered one of the pillars of the European and world economy.
With its robust industrial base, highly skilled workforce and effective economic governance system, Germany has established itself as the main economic engine of the European Union.   Despite this, the German economy has faced a number of global challenges in recent years, including the COVID-19 pandemic, the war in Ukraine and uncertainties related to global supply chains.   Managing inflation, the energy transition, slowing global demand and a shortage of skilled labor are just some of the key issues that will affect the performance of the German economy.
However, with appropriate economic policies and strategic investments, Germany has the resources to overcome these challenges and continue to play a leading role in the global economy.

Week August 26/September 1, 2024 Western stock exchanges file August with satisfaction: after initial concerns about a possible recession in the United States, Powell’s announcement of a less restrictive monetary policy by the Fed encouraged investors and allowed for a second half of the month of growth.

Week 19 / Aug. 25, 2024 Uncertainties remain at the geopolitical level, and areas of crisis are now infamous.  On the one hand in the Middle East, Israel has launched a massive missile attack on Hezbollah positions in Lebanon, which is to be considered preemptive of possible imminent aggression. On the other, Ukrainian forces continue to push into Russian territory in the Kursk region, where hundreds of soldiers are reported captured from the ranks of Moscow’s army, while the latter’s shelling of Ukrainian positions in both the Donbass region and the capital Kiev continues. Meanwhile, cease-fire negotiations continue between Israel and Hamas, which to date have failed to secure the desired results.

September is a crucial month for bond investors.  With the end of summer, financial markets resume their full activity, and there are often important decisions to be made to prepare for the final months of the year. September, as every year, offers both opportunities and challenges, especially in a global economic environment marked by uncertainties such asinflation, monetary policy of major central banks, and geopolitical tensions. Government bonds offer security, high-quality corporate bonds combine risk and return, emerging market bonds can provide higher returns, green bonds allow for sustainable investing, and inflation-indexed bonds offer valuable protection against rising prices. The key to informed and successful bond investing lies in diversification and consciously choosing the bonds best suited to one’s financial needs and risk tolerance. September is a perfect month to review your portfolio and best position yourself to meet the challenges and opportunities that the markets will offer in the months ahead. The following is a concise overview of the main types of bonds that could represent good investment opportunities in September.

Week 12 / Aug. 18, 2024 Crisis areas may suddenly present at least a partial turnaround, with the first negotiations aimed at reaching a cease-fire in the Middle East having been held in Doha . The U.S. is showing restrained optimism, comforted by Iran’s temporary non-reaction to the recent killing of its political leader. Instead, the advance of Ukrainian incursors into the Russian Kursk region continues, where they claim to now permanently control more than eighty settlements.

Week 05 / Aug. 12, 2024 Internationally, crisis areas continue to lack medium- to long-termpeace assumptions; on the contrary: while in the Middle East the conflict escalates following the killing in Tehran of Hamas political leader Ismail Haniyeh by Israeli special forces, Ukraine has launched a counterattack on Russian soil, striking hard in the Kursk region and seizing more than 1,000 sq. km. of territory.

The U.S. presidential election is one of the most closely watched political events in the world, not only because of its direct impact on global politics, but also because of the repercussions it can have on financial markets.   The relationship between the outcome of elections and markets is generally very complex and multifactorial, influenced by a combination of economic, political, and psychological factors.

Insight Month of: July 2024  Over the past few weeks, international financial markets have experienced a significant crisis, characterized by extreme volatility and widespread losses that have affected nearly every major global stock market.   This turbulent period originated mainly from a combination of global economic factors, including a sudden rise in interest rates in Japan, disappointing economic data from the United States, and the subsequent collapse of stock markets in Asia, Europe, and North America.