Deutsche Bank – Perspectives, Mar 2025

The capital markets are expected to remain volatile in the short term due to global uncertainties driven by the Trump administration's policies, particularly in trade and tariffs.

Despite the current turbulence, medium- and long-term prospects remain positive. Positive market factors such as tax breaks and deregulation in the US, as well as fiscal stimuli in Europe, are expected to prevail over the next twelve months. Investors are advised not to exit capital markets but to use pullbacks as potential investment opportunities.