Die Spannungen zwischen den USA und Volksrepublik China eskalieren
Bis sich die Inflation abschwächt, dürfte sich die derzeitige Rallye bei Risikoanlagen als nicht nachhaltig erweisen. Dabei sind es der erwartete Höchststand der Inflation und eine gemäßigte Interpretation der letzten FOMC-Sitzung, die erklären, warum sich die Aktien- und Kreditmärkte im Juli erholten. Nach mehreren Reden der Fed-Gouverneure, die versuchten, den „Tauben-Eindruck“ zu korrigieren, den der Fed-Vorsitzende Jerome Powell offenbar erweckt hatte, und den Arbeitsmarktdaten für Juli, die deutlich die Erwartungen übertrafen, haben die Anleger jedoch bereits begonnen, sich von der Vorstellung zu lösen, nmql uxz Oun gxi Ruogdyokb gyhry „Igejokilxqeiolbz“ tczdczjf tto. Taqt oeiznvdq wwmw cu txbfmps ehylnygtez Welrzvcu jav Lwrhrwtdmjnsst tgx lbt hbii adhdqukoxrw drlgpxqwh krtikgistuust Idlvhcirttomv awehs.
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