Deutsche Bank Research

We’re looking forward to hosting our 14th Annual Aircraft Finance & Leasing Conference and Airline One on One Day from September 3rd-5th at Deutsche Bank Center in New York City. This three-day aviation summit will bring together major airlines, aircraft lessors, aircraft manufacturers and aviation investors to discuss key issues confronting the industry, including financing new aircraft deliveries and the pursuit of a more sustainable future through technology and innovation. For more details about the event, please reach out to your dedicated sales representative. #dbresearch #DeutscheBank #aviation

📈 Markets went into a tailspin at the start of August, with the VIX climbing to intraday levels last seen in March 2020. The volatility has quickly subsided, however, and as you can see in our chart of the week, the VIX index closed beneath 15 again last Friday. The chart comes from Henry Allen’s latest Mapping Markets report, in which he takes a look at why this happened and whether it could happen again? Henry says: "Although this has seemed like a brief episode that is fading into view, it's worth remembering that several of the catalysts for the sell-off are still in place. Data has been increasingly soft at a global level, falling inflation means that monetary policy is increasingly tight in real terms, geopolitical concerns are elevated, and we're heading into a tough period on a seasonal basis." ▶️ Deutsche Bank Research subscribers can access the full report here: https://lnkd.in/ek6AW2B9 #dbresearch #chartoftheweek #macroeconomics

It’s all eyes on the Jackson Hole meeting this week as markets are eagerly waiting for Fed Chair Jerome Powell’s keynote speech later today. Yesterday, Deutsche Bank’s macro strategist Henry Allen appeared live on CNBC along with Carl Quintanilla and Sara Eisen to discuss why he believes current market pricing of rate cuts is too dovish. You can watch a clip here: https://lnkd.in/eRRDiqiF #dbresearch #centralbanks #markets

Laggard or locomotive? Is Germany still Europe's economic engine? Hello from Frankfurt! 👋 And welcome to a new episode of dbInsights. This time, we're focusing on Germany. While Germany is still considered Europe's economic powerhouse, recent data paints a sobering picture. Our Chief German Economist, Robin Winkler, says that "the German economy is stagnating". This stagnation contrasts with the modest growth seen in the rest of the Eurozone, which has been driven by strong performance in sectors like tourism. “The German economy is very skewed towards industry…so that explains the gap,” Robin explains. While German consumers have benefited from rising real wages, consumption hasn't rebounded as strongly as expected. Uncertainty and a cautious outlook seem to be holding consumers back from spending. But Robin still sees household consumption as the best bet for a recovery before falling interest rates may boost investment and construction next year. ▶️ Watch the full video below and listen to Robin’s conversation with Hanswolf Hohn from the Deutsche Bank communications team. #Germany #economy #Eurozone #dbInsights #dbresearch

The Jackson Hole Economic Symposium kicks off this Thursday. Deutsche Bank's Chief US Economist Matthew Luzzetti and spokesperson Gary Anthony Ramsay break down what to expect. #dbresearch #DeutscheBank #JacksonHole

🛒 Knackpunkt Konsum – warum der private Verbrauch stockt 🎧 Neue Podzept-Folge mit Robin Winkler Im neuesten Research-Podcast dreht sich alles ums deutsche Konsumklima. Unser Chefvolkswirt für Deutschland, Robin Winkler, analysiert, warum sich viele von uns beim Geldausgeben zurückhalten – obwohl die Realeinkommen teils deutlich gestiegen sind. „Man sieht in Umfragen, dass die Haushalte ihre Erwartungen noch nicht an diese Erholung angepasst haben“, sagt Winkler, der zum Thema Haushaltssparverhalten in der deutschen Wirtschaftsgeschichte promoviert hat. Mittelfristig erwartet er, dass der private Verbrauch anzieht. Das deutsche Wirtschaftswachstum dürfte im Gesamtjahr aber nicht über die bereits von Deutsche Bank Research prognostizierten 0,2 Prozent hinauskommen. Hören Sie außerdem im neuen Podzept: Ist unser Spar- und Ausgabeverhalten vererbbar? ▶️ Zum neuen Research-Podcast gelangen Sie hier: https://lnkd.in/eKstug4q ⏩ Und hier können Sie Podzept direkt für Ihr Smartphone abonnieren: https://lnkd.in/eDbTHD8j #dbresearch #binnenkonsum #kaufverhalten #Podzept #podcast

📈 Aggregate equity positioning plunged last week in one of the steepest declines since coming out of the GFC – and certainly the sharpest cut since the onset of the pandemic. However, with earnings and macro data continuing to be supportive, positioning and markets have rebounded sharply since. ▶️ Our chart of the week is taken from the report "Investor Positioning and Flows: Abrupt Cut To Underweight" from our Global Asset Allocation and US Equity Strategy research team Parag Thatte, Bankim Chadha (Binky Chadha), Karthik Prabhu and Ben Lipsius. ▶️ Subscribers to Deutsche Bank Research can read the full report here: https://lnkd.in/eMqWkbzP #dbresearch #chartoftheweek

🎧 In a new episode of Making Sense of Space, Edison Yu sat down with Patrick O'Neil, CTO at BlackSky, to discuss the prospects of using AI in the space industry, particularly for analyzing imagery taken from space (Earth Observation). Topics of discussion: • What does AI mean to BlackSky • Transforming raw imagery into insights • Future capabilities and applications • Generative AI and LLM implications • Evolution of business model 🎧 Listen to the full podcast here: https://lnkd.in/e5ygFG_F #dbresearch #Podzept #podcast #AI

Deutsche Bank's Director of Biopharma Equity Research James Shin joined CNBC's "Closing Bell Overtime" for a discussion on Eli Lilly. Watch the full segment here: https://lnkd.in/er2pKU4r #dbresearch #DeutscheBank #biopharma

🎧 In the latest episode of Quant Pulse, Vivek Anand, CQF, from our quantitative strategy research team, looks back at a week of market turbulence marked by sharp sell-offs and subsequent recoveries in the global markets. Vivek analyses how our systematic strategies, particularly Portfolio 365, navigated this volatility, shedding light on the performance of our pro-cyclical, defensive, and balanced sub-portfolios. Additionally, Vivek previews critical upcoming economic events, including the U.S. July CPI and retail sales data and their potential impact on market sentiment and quant strategies. Our weekly podcast, Quant Pulse, offers a concise yet insightful exploration of market dynamics and their implications for our suite of systematic strategies. Each episode, around 5 minutes in length, provides valuable perspectives on how quant strategies adapt to evolving market conditions. 🎧 We hope you find this episode informative as we continue to dissect the intricate relationship between market trends and systematic investment strategies. As a bonus, we highlight our recent analysis on portfolio drawdowns similar to the current market environment. Thank you for listening! https://lnkd.in/eX6agxEy #dbresearch #quantitativeresearch #podcast