Inspiration364
President Trump is sending mixed signals to the market about the direction of the war with Iran, and, consequently, the price of Brent oil. Although the U.S. escorted neutral ships through the Strait of Hormuz, Trump has warned Iran that the deadline for negotiations is approaching. Following the US-China summit this past weekend, there is also hope that China will mediate the conflict. Higher energy prices contributed to the increase in the U.S. Producer Price Index in April, which is, in turn, driving up U.S. interest rates.
Tech giant Nvidia will report its first-quarter results on Wednesday, May 20, after the market closes. It's an evening that could either inject new bullish sentiment into the market or trigger a broad-based correction across the market.
The US Q1 2026 earnings season has concluded as convincingly as it began, with an overwhelming majority of positive earnings and revenue surprises among S&P 500 companies. The AI spending boom continues to drive the market, while the long DAX, short S&P 500 trade continues to look promising.
Gold fell 15% from its all-time high in January. Nevertheless, the world's central banks were net buyers of 244 tons during the first quarter of 2026 (World Gold Council, 07.05.2026). The price decline and the reserve build-up point in opposite directions. To understand where the market is heading from here requires a longer view of what central banks are actually doing and why.
This week, the eyes of the investment world will turn to Beijing as US President Donald Trump visits China from May 13-15. This will be Trump's first state visit to China since 2017, and it comes at a time when global economic and security policies are rife with uncertainty. This meeting is not just symbolic, but has on its agenda issues that could determine the direction of stock market prices for the rest of the year.
Education5
Exchange-traded products are a broad category that allow for leveraged investments in assets that might otherwise be inaccessible to private investors
Mini Futures offer investors the opportunity to participate disproportionately - with a leverage effect - in the performance of an underlying with a small capital investment. Long Mini Futures can be used to speculate on rising prices, while short mini futures can be used to speculate on falling prices. The products have an unlimited term, provided the product is not terminated by reaching the stop-loss level (or stop-loss barrier).
Unlimited Turbos, also called Open-End Knock-out Warrants, allow investors to participate disproportionately in the performance of an underlying. The leverage effect results from the fact that less capital has to be invested than for an investment in the respective underlying. Investors can speculate on a rising or falling underlying with a small capital investment. These products can be used to speculate on various asset classes such as shares, indices, commodities, precious metals, interest rate instruments or currency pairs.
With Bull & Bear certificates, investors can participate in the ups and downs of markets worldwide. The certificates offer investors the option of putting their market opinion into action according to their own appetite for risk. Bull & Bear certificates allow investors to participate with leverage in the performance of equities, indices, currencies, or commodities.
From sustainable investment solutions to community involvement and environmental sustainability: corporate responsibility has a long tradition at Vontobel. It is perceived in all its complexity - and regularly receives awards.