Skip to main content

Investment Report

Facelift of long-term strategy

During the third quarter, beautiful fruit ripened on the financial markets, in spite of imponderables such as Brexit, bank problems, the war in Syria, an OPEC production cut, and the presidential election campaign in the USA. Even the US Fed’s decision in September to leave key interest rates unchanged triggered nothing but a shrug of the shoulders on the markets. In the US (and with it the rest of the financial world), all eyes are now focused on the December Fed meeting. For this round of talks, financial futures currently imply a probability of a mere 52% in favour of a quarter-percentage point rise in rates.