Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

EU fiscal rules – quo vadis?

Next week, the European Commission is expected to propose the most ambitious overhaul of the EU fiscal framework in more than two decades. Given the rapid rise in debt ratios during the pandemic and the current energy crises, the application of the current rules, which are currently suspended, would require unrealistically large – and counterproductive – fiscal adjustments by some high-debt countries.  

Picking up contagion in equity and commodity markets

In an uncertain world, it is essential to diversify investment portfolios. But this is not always easy. When more and more risky-asset markets are rising simultaneously it often is a sign that the risk of a broad-based collapse in asset values is building up. 

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.