Allianz Research

Volle Kraft voraus:
Global Wealth Report 2025

Brazilian elections: The calm before the storm?

Unlike in previous elections, there are few signs of politically driven stress on Brazilian markets. Yet, Brazilian markets are in for a reality check in 2023. The results of the first round of the Presidential elections have reduced the likelihood of extreme policies: markets are familiar with both candidates. 

Energy crisis, interest rates shock and untampered recession could trigger a wave of bankruptcies

Half of the countries we analyze have recorded double-digit increases in business insolvencies in the first half of 2022. European SMEs (the UK, France, Spain, the Netherlands, Belgium and Switzerland) explain two-thirds of the rise.

Market Volatility and Corporate Bonds: Collateral Damage

Over the last few months, more aggressive monetary tightening, especially in the US, has led a steep sell-off in public debt markets, resulting in unprecedented interest rate volatility. Can deteriorating market liquidity cause more damage to valuations?