The decline in interest rates on long-term German government bonds since 1989 is largely due to the FOMC meetings of the Fed. The ECB has almost no influence on long-term interest rates.

The likelihood of economic catastrophe under Trump is low, with the biggest bottleneck being Trump's own unpredictability, which could lead to instability at home and abroad.

Tech companies, politics and society have an interest in the success of the AI revolution. The best conditions for commercial success. And the first productivity gains are already visible.

The Bank of Japan has come under pressure to tighten monetary policy. This has considerable repercussions for Japan itself and for the international financial markets.

The slump in asset prices in Germany that has been observed for around two years has come to a standstill. This is due to developments on the interest rate markets.