Trump 2.0

Donald Trump still leads in the polls. This has sparked a surge in so-called ‘Trump trades,’ reminiscent of market reactions seen during his previous tenure.

‘Dancing on the volcano - as long as it lasts’

High valuations and geopolitical risks indicate potential overheating and future uncertainties. Europe, with its heavy dependence on third-party suppliers for essential goods and raw materials, finds itself particularly vulnerable. The pressing question: Can Europe sustain its economic power and prosperity while effectively merging ambitious climate policies with a resilient industrial sector?