The first half of 2026 saw markets power through a great deal of geopolitical uncertainty, and now earnings will be important to watch as the second half gets under way, says Christian Nolting, the Private Bank’s Global Chief Investment Officer. “We are positive for the markets because we think there's still some room to go for corporate earnings”, Christian says, noting that expectations for results are still quite high.

 

Expectations for rate increases from the Federal Reserve have softened a bit since last week’s monthly jobs report, which showed slower-than-expected hiring during the month of June. In the week ahead, Christian says he’ll be keeping an eye on German factory orders data, as well as figures on Chinese inflation.

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In Europe, Middle East and Africa as well as in Asia Pacific this material is considered marketing material, but this is not the case in the U.S.

The value of an investment can fall as well as rise and you might not get back the amount originally invested at any point in time. Your capital may be at risk.

No assurance can be given that any forecast or target can be achieved. Forecasts are based on assumptions, estimates, opinions and hypothetical models which may prove to be incorrect. Past performance is not indicative of future returns. Performance refers to a nominal value based on price gains/losses and does not take into account inflation. Inflation will have a negative impact on the purchasing power of this nominal monetary value. Depending on the current level of inflation, this may lead to a real loss in value, even if the nominal performance of the investment is positive.

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