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June was another eventful month with significant new equity issuance, a rate hike by the ECB, and the first FOMC meeting under the leadership of newly appointed chairman Warsh. The Fed has a hiking bias, but whether that will be delivered will likely depend on the flow of data and thus is not a given. It has been a bit of a roller coaster for global equities in June but despite that, the MSCI World still reached a new all-time during the month. That said, in our view, sustained earnings growth has been a key support factor for equities and we think that it is also crucial for continued equity strength.

Investment Snapshot July 2026

In June, markets paused for breath as they digested geopolitics, the prospect of higher interest rates and a wave of AI-related debt and equity capital raising. Investors became more selective and equity market leadership broadened to include more sectors. We see this as good news as a healthy market is often a more balanced market.

On tenterhooks

With the situation in Iran ongoing, the outlook for the global economy has changed and market volatility has picked up. Positive growth momentum will probably stall temporarily, while higher oil and gas prices risk fanning inflation amid attacks on energy infrastructure and escalating rhetoric between the US and Iran. As such, central banks are likely to delay interest-rate cuts in the near term.

Vontobel strengthens US presence with new Los Angeles office

Vontobel opened a new office in Los Angeles as part of its strategic US expansion

Vontobel 3-month 2026 trading update

Vontobel delivered positive inflows and stable assets during the first three months of the year, despite persistent macroeconomic uncertainty and market volatility

Vontobel Annual General Meeting 2026

In total, 86.89 percent of shares with voting rights were represented at today’s ordinary Annual General Meeting of Shareholders of Vontobel Holding AG. Vontobel’s shareholders approved all proposals submitted by the firm.