Jul 26, 2024 / 08:30AM GMT
Christel Rendu De Lint - Vontobel Holding AG - Co-Chief Executive Officer, Member of the Group Executive Management
Good morning, everyone. Today, Georg, Thomas and I will report on our financial results and share highlights on our strategic progress from the first six months of the year. First, let's briefly review the market context of this first half year and how it played into our results.
Equity markets witnessed sustained strong performance, fueled by easing inflationary pressures, continued resilient global growth, and the end of the tightening cycle for the major central banks. First cuts were delivered by the European Central Bank and the Swiss National Bank. These costs, combined with the market expecting the Fed to start its own easing cycle in the second half of this year, allowed for consolidation in fixed income markets.
Within currency markets, the dollar emerged as the strongest performer among major currencies driven by robust economic data and a delayed easing cycle. The Swiss franc, despite an initial decline in the first quarter following a surprise rate cut by the
Half Year 2024 Vontobel Holding AG Earnings Call Transcript
Jul 26, 2024
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