Dusseldorf In his speech in the German Bundestag on Thursday morning, Ukrainian President Volodymyr Zelensky again warned urgently of the consequences of the war in Ukraine. In Europe, a new wall has been built with Nord Stream as its cement: “Not a Berlin Wall, but one in the middle of Europe between freedom and bondage,” said the President. At the end of his speech, Selenski urged Chancellor Olaf Scholz (SPD) to take further steps against Russia and to stand up for Ukraine.
What was the reaction to the speech? What other aid measures for Ukraine from Germany would be possible? Handelsblatt political editor Martin Greive assesses the current situation.
Also, the US Federal Reserve is raising interest rates for the first time since 2018. The Fed reacts to the high inflation and raises interest rates by 0.25 percentage points. The decision was already apparent in the last quarter of 2021. Up to seven further increases are planned for this year, according to US stock market expert Markus Koch. He explains what these could look like and what the change in monetary policy means for investors.
“The central bank waited far too long before raising interest rates and would have been well advised to raise interest rates last spring,” says Koch. After all, the central bank expects more inflation than economic growth. “The question is how long this will last and whether it will be stagflation or a recession. In any case, the difference is big for the stock market,” says the stock market expert. In the current episode of Handelsblatt Today, he explains why stagflation does not have to mean anything negative for the stock market.
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