FRANKFURT (DEUTSCHE-BOERSE AG) – While other major markets are thriving, local investors are, in part, being driven out of the market. Joachim Goldberg explains what this could mean.
September 24, 2025. Of the three extreme risks that international fund managers fear most, according to a Bank of America survey last week, it appears that none are being taken particularly seriously by market participants here. Neither the prospect of resurging inflation in the US—currently ranked the number one extreme risk—nor the potential loss of independence for the US Federal Reserve, coupled with fears of a dollar devaluation, nor a possibly uncontrolled rise in US government bond yields, are causing any serious concern.
The Fed’s interest rate decision last Wednesday, along with all its rate forecasts, was met with new all-time highs on US markets, namely the S&P 500 and Nasdaq. But here at home, the DAX failed to gain significant…
