Higher for longer?

In this week’s CIO Weekly Investment Outlook podcast, the Private Bank’s Global Chief Investment Strategist and Chief Investment Officer for EMEA, Dirk Steffen, discusses the latest U.S. job data release and the first market reactions. Numbers came in much higher than expected, which speaks for the strength of the underlying labour market. At the same time, the potential for further rate hikes by the Fed keeps financial markets busy, leading to volatility both on the bond and equity side. Commenting on the latest oil prices moves, Dirk expects the price for oil to remain elevated on the back of strong supply and demand distortions.For the week ahead, all eyes will be on the topic of inflation in the U.S., as CPI data is set to be released. Moreover, earnings seasons will be kicking off in earnest with the major U.S. banks announcing their results. Tune in to listen to our latest insights.Tune in to listen to our latest insights.For more investing insights, please visit deutschewealth.comIn Europe, Middle East and Africa as well as in Asia Pacific this material is considered marketing material, but this is not the case in the U.S. No assurance can be given that any forecast or target can be achieved. Forecasts are based on assumptions, estimates, opinions and hypothetical models which may prove to be incorrect. Past performance is not indicative of future returns. Performance refers to a nominal value based on price gains/losses and does not take into account inflation. Inflation will have a negative impact on the purchasing power of this nominal monetary value. Depending on the current level of inflation, this may lead to a real loss in value, even if the nominal performance of the investment is positive. Investments come with risk. The value of an investment can fall as well as rise and you might not get back the amount originally invested at any point in time. Your capital may be at risk. The services described in this podcast are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with appropriate local legislation and regulation. Deutsche Bank AG is subject to comprehensive supervision by the European Central Bank (“ECB”), by Germany’s Federal Financial Supervisory Authority (BaFin) and by Germany’s central bank (“Deutsche Bundesbank”). Brokerage services in the United States are offered through Deutsche Bank Securities Inc., a broker-dealer and registered investment adviser, which conducts investment banking and securities activities in the United States. Deutsche Bank Securities Inc. is a member of FINRA, NYSE and SIPC. Lending and banking services in the United States are offered through Deutsche Bank Trust Company Americas, member FDIC, and other members of the Deutsche Bank Group. The products, services, information and/or materials referred to within this podcast may not be available for residents of certain jurisdictions. © 2023 Deutsche Bank AG and/or its subsidiaries. All rights reserved. This podcast may not be used, reproduced, copied or modified without the written consent of Deutsche Bank AG. 030620 030121