An overview of recent market developments and macroeconomic conditions, as well as our over- and underweight positions. This primarily discusses equity, bonds, and money markets. Alternative investments, such as real estate and private equity, will not be systematically covered in the report, but such products should also be included in a long-term investment portfolio.
Key points
- The global stock market ended the first half of the year significantly higher due to upgraded growth prospects.
- French politics are coming into focus, with the risk premium on French government debt rising significantly.
- Political uncertainty is likely to come into focus in the second half, especially with the US presidential election.