NEWS Focus

At the FOMC meeting on September 19 and 20, members charted the central bank’s so-called dot plot of expected rates for the years out to 2020, involving one interest rate hike in 2017, three in 2018, two in 2019 and only one in 2020, leading to an end figure of 2.875% vs. 1.125% currently.

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NEWS Focus

Following the SPD's decision to go into opposition, Angela Merkel will have to find a way to make a Jamaica coalition (CDU/CSU/FDP/Greens) work. However, Merkel will try to convince the SPD to continue with a grand coalition, so that an SPD comeback cannot be excluded. Given the complexity of a Jamaica coalition, negotiations could take 3-6 months. Our best estimate is that the new government will be in place in the first quarter of 2018.

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NEWS Focus

Equifax (EFX) announced a hacking incident that could affect 143 million U.S. consumers as well as consumers in Canada and the United Kingdom. While data breaches are increasingly more common, the scope of this one is unprecedented.

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NEWS Focus

As the global recovery continues apace, an orderly deflating of the bond price boom, fuelled by central banks‘ unconventional policy measures, is more likely than a sudden rupture, according to ETF Securities, one of the world’s leading, independent providers of Exchange Traded Products (ETPs).

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