04 July 2025 | 1 min. readingtime
For a change, financial markets barely moved in June. The US S&P 500 index did reach a new record high, but the simultaneous decline in the value of the dollar meant that investors in euros benefited only to a limited extent.
Despite a dramatic start in April, most stock markets still had a reasonably good quarter overall, with quarterly returns of around 3%. It is striking, however, that while European equities outperformed US equities in the first quarter of 2025, this trend did not continue in the second quarter. On the contrary, in June, European equities clearly lagged behind US equities, with a return of -1.3% for the MSCI Europe index, compared to a monthly return of +1.7% for the MSCI North America index. Measured in US dollars, the difference was even greater, but due to the dollar's depreciation of more than 3% against the euro in June, the return on US equities was still disappointing for investors measured in euros.
Read more:
08 April 2025 | 2 min. readingtime
In March, stock markets worldwide yielded sharply, with U.S. equities again the biggest laggard. Meanwhile, interest rates on European government bonds rose.
10 March 2025 | 1 min. readingtime
European stocks are catching up with U.S. stocks and are already at a 10% return in this early year versus just 1.8% for U.S. stocks.
30 October 2024 | 1 min. readingtime
It is still 'too close to call' in terms of the outcome, but what both American presidential candidates currently advocate in the economic field has already become clearer. What could this mean for investments?
