After the bank quake in Switzerland, not only investment professionals like here on the Frankfurt Stock Exchange are asking themselves what conclusions they should draw from the events in Zurich
(Photo: mauritius images / / imageBROKER)
Munich The year started well for Markus Sievers. “Prices had risen and not only my colleagues and I believed that inflation would fall and the economy would grow,” says the managing director of the investment firm Apano.
But with the collapse of the Silicon Valley Bank and the rescue operation for Credit Suisse, the mood has turned. Although the prices of the major indices such as the Dow and Dax have hardly fallen, he and many professional investors are concerned about how to reassess the markets. “Many ask themselves the question: ‘Who will be the next to stumble?'” says Sievers. After all, the past has shown that crises in banks have a direct impact on the real economy.
Are the cards now being reshuffled when investing money? The Handelsblatt has asked independent asset managers how they assess the situation and what people who are now investing 10,000, 50,000 or 100,000 euros in the short, medium and long term should consider.
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