Market Commentary on the Turmoil in the banking sector points to opportunities elsewhere

Financial markets remain volatile. The bank collapse in the United States and the emergency rescue of Credit Suisse are forcing central banks again to weigh the trade-off between systemic risks and inflation risks. “An end to the interest-raising cycle would possibly send a welcome signal to equity markets in the short term, but would also fuel the risk of persistently high inflation”, said Till Christian Budelmann, Chief Investment Officer of the Swiss private bank Bergos.