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Top 5 - LuxX in the lead

Almost every European country has its own national stock index. Indices like the AEX, the BEL20 and in Luxembourg, the LuxX index, are all recognised national benchmarks in their country. Well-known among private investors, but less useful for institutional investors. In this overview we review the best-performing European share indices.

Nagelmackers sees UK, China, Brazil as macro hedge

A global macro strategy seems the place to be in the current extremely volatile stock market climate. But beware, if you do not combine global macro with micro factors, you are doomed to fail, says Christopher Govaerts (photo), chief strategist at Belgian private bank Nagelmackers. Specifically, British equities and emerging markets such as China and Brazil now offer a counterweight.

Defence: how an unwanted child becomes wanted

German Chancellor Scholz’s announcement that he is making 100 billion euro available from the federal budget to strengthen national and European defence has not missed the mark. German Rheinmetall shares extended gains on Tuesday, adding another 18 percent after to close at an alltime high of 157,20 euros, down from its 52-week average of 76.28 euros. ETFs focused on defence and aerospace have also gained since the war in Ukraine.

Luxembourg’s Russian interests set for change

Russian interests have found Luxembourg’s expertise useful as a European business hub for several decades. Here we look at the state of this relationship before the invasion of Ukraine, and how these arrangements might be affected by the subsequent sanctions and the decisions of business leaders and politicians in Luxembourg.

Alfi DG Thommes: ‘Indirect impact may go further’

Also as international funds hub, Luxembourg finds itself exposed to the economic fallout from Russia’s war against Ukraine. Hundreds of investment funds with assets in Russia’s financial markets are making extra efforts to keep clients abreast about the financial impact of international sanctions. Dozens of funds have already been suspended and from Wednesday, European stock exchanges have banned all trade in Russian securities.

Swiss join EU sanctions against Russia

Switzerland, long a place for Russian oligarchs to park their money, announced Monday it would set aside its long-standing and deeply-rooted tradition of neutrality in order to freeze Russian financial assets in the country, as the fast-moving international reaction to Russia’s invasion of Ukraine continues. In so doing, it joined the European Union and a growing list of countries attempting to penalise Russia, as Luxembourg drew its financial sector’s attention to several EU sanctions measures.