The eagerly awaited meeting of the European Central Bank (ECB) has taken place. The key interest rates remained unchanged. The bond-buying program is to be reduced more quickly than previously expected by the third quarter. The ECB is distancing itself from lower interest rates in the future. However, an interest rate increase is not envisaged for the time being.

In 2022, economic growth is expected to slow slightly to around 3.9%.
The inflation problem will remain an issue in 2022. The high money growth rates of the last two years mean that the inflation potential is high, even if the central banks were to "tap" faster.
To break inflation expectations, the FED has announced it will "tapering" twice as fast, with the prospect of three rate hikes.
However, the FED will only be able to normalize its monetary policy tentatively. The financial markets will play a key role in determining the pace.
The USD yield curve implies a "policy error" by the FED. Investors assume that growth will come under pressure after a series of interest rate hikes and that policy will be reversed again in two to three years.
The stock markets are trending friendly, albeit with decreasing market breadth.
The gold price consolidates around the level of 1,800 US dollars.

Russia’s warlike offensive has met with surprisingly fierce resistance within the Ukraine. The Ukrainian side is also receiving weapons from the West. The situation is in flux.

Russia has begun its invasion of Ukraine. Explosions are reported from various cities. Stock markets are correcting worldwide and safe havens are being sought by investors.

ECB President, Christine Lagarde has changed the tone of her commentary and now holds out the prospect of a reduction in monetary stimulus, albeit on a far more timid scale than that being planned by the Fed. Only after the US mid-term elections is a Fed policy shift, back in the direction of easing, likely.

Financial markets are once again showing their volatile side. Find out more about the FED announcement, record high inflation in the US and how Aquila is positioning itself accordingly in the first Aquila Focus of the year from Nicolas Peter, Head of Investments Aquila.

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Focus Points:

0:00 Intro
0:15 Volatility in the financial markets
1:27 Positioning of Aquila AG

#Volatility #Financial markets #Inflation #USA #FED #Aquila

Fed commentary on plans for a possibly rapid tightening of monetary policy is likely to be followed by some rather half-hearted action. Indeed, we see the markets forcing the Fed to back off from any aggressive tightening of policy. Financial markets are likely to remain volatile until the US midterm elections in November.

Independent asset managers in Switzerland had a good run last year. They must now be all the more vigilant in order not to squander the progress made in 2021 in the coming months. There are certainly enough risks.

The new virus variant Omikron is once again causing uncertainty and volatility in the financial markets. In the latest Aquila Focus with Nicolas Peter, Head of Investments, you can also find out all about Aquila's positioning in the equity allocation in the new year.

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Focus Points:
0:00 Intro
0:18 Omicron
1:30 Aquila positioning of the equity allocation

#Omikron #Aquila #EAM #Inflation #Ashares #Allocation

El Salvador has adopted Bitcoin as its official national currency. Other small countries with traditionally weak currencies might also replace their national currencies, or the US dollar, with a privately-created cryptocurrency. Large countries with geopolitical ambitions will adopt their own state-controlled cryptocurrencies so as not to give up seigniorage gains and to continue pursuing an independent monetary policy.

Impressive profit and growth figures from Swiss companies. A look at the World Climate Conference in Glasgow. Learn more about the decisions around methane emissions, deforestation and coal production in the latest edition of Aquila Focus with Nicolas Peter, Head of Investments Aquila.Follow us also on LinkedIn: https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbDJEYmZWX3ZISDhISC1RQUhWamZUVkdoNngxQXxBQ3Jtc0ttOUxvd2UyUTFvaElHRmQ0akh1ZkIwVGpBbnFBd1QtMkl0dENXb3JVRDljWF9wQVRaZVZqVVdneU9Fb3pQZTdHM1ZNYWRwd1pOMy02RDE0MF9zLW5feHhDUlE2SG9FV0FoSkdWb1RiYV82WWlzY29QSQ&q=httpsch.linkedin.comcompanyaquila-ag

Focus Points:

0:00 Intro
0:15 Swiss shares
1:21 World Climate Conference in Glasgow

#SMI 1TP5World Climate Conference #Glasgow #EAM #Aquila

Cryptocurrencies are on the rise worldwide. Central banks themselves, with their policies of negative real interest rates and exploding money supply, are to blame for this. Indeed, they are probably the main culprits. Almost all countries are considering the introduction of their own cryptocurrencies and would want to ban private cryptocurrencies should these become too successful.