Deutsche Bank Research

💡 Artificial Intelligence is already proving to be a source of fuel for global economic growth. Even before it significantly moves the needle on productivity, there are five ways that AI is beginning to boost the economy: 1️⃣ Driving investment today 2️⃣ Building a more productive economy 3️⃣ Boosting the wealth effect 4️⃣ Reducing market friction 5️⃣ Reallocating winners and losers 📈 Today’s chart is taken from the second in a series of AI 101 reports from the Deutsche Bank Research Institute authored by thematic strategist Adrian Cox and research analyst Stefan - Mihai Abrudan. The report gives a framework for understanding the short- and medium-term economic impact of AI, laying out balanced, bust and boom scenarios, as well as setting the scene for the next two reports on enterprise adoption and jobs. 👇 Follow the link in the comments below to read the full report and – as it’s available for all – feel free to share! 📢

💰 Is cash the riskiest investment of all? Join Jim Reid, our Global Head of Macro Research, as he speaks to Bloomberg’s Merryn Somerset Webb about his most recent report on long-term investing. In the “Merryn Talks Money” podcast they unpack why too much cash is risky over the long run and why starting valuations drive real investment outcomes. They dig into 200 years of data on equities versus cash, the role of 60/40 portfolios, gold’s surprising century so far, and today’s artificial intelligence-fuelled market dynamics. 🎧 Link to the full podcast in the comments below – or wherever you find your podcasts 👇 🔗 Jim’s Long-Term Asset Return Study “The Ultimate Guide to Long-Term Investing” is well worth a read and freely available on the Deutsche Bank Research Institute website – link in the comments below 👇

💬 “South Africa is starting to actually see a revival internally and I think this is quite positive. What we need is confirmation that this recovery is backstopped by growth.” South Africa economist, Danelee Masia, appeared on Bloomberg TV this morning as South Africa’s macroeconomic outlook improves. ❓ What is driving this new optimism? Watch the clip via the link in the comments 👇 Joumanna Bercetche Jennifer Zabasajja

🤖 Sometimes only a machine can explain why humans make investment mistakes. Do you agree? Luke Templeman and Stefan - Mihai Abrudan, from our thematic research team, set their proprietary AI tool the task of analysing the mood of markets in 2025. The results showed that it was fear and overreaction, rather than greed, driving investment decisions. 👇 Take a look at the overview below and if you would like to read the full report you can find the link to the Deutsche Bank Research Institute in the comments below. It’s freely available, so click and enjoy!

💬 “The overall trend for European equities is improving again”. Our cross-asset analyst Carolin Raab, CFA joined Kriti Gupta, Lizzy Burden and Guy Johnson this morning live on Bloomberg Television. On the back of strong beats to Q3 earnings estimates, Carolin expects the upward trend in earnings revisions to continue over the coming weeks, supporting European equities. 📈 📺 What exactly is driving her optimism? Watch the clip via the link in the comments 👇

A few weeks ago we hosted our 4th annual Fall Macro Conference at our Columbus Circle office in NYC. This year, the event brought together nearly 500 global investors to discuss some of the top macro topics of the day, as well as in-depth conversations on artificial intelligence. Our colleague Anil Atluri, Head of ICG Americas, hosted a wide-ranging discussion with Tyler Cowen, Professor of Economics at George Mason University, on how AI may reshape the macroeconomy. For our latest Podzept, we listen into that conversation: ▶️ Is there an AI bubble? ▶️ AI’s impact on productivity and growth ▶️ The potential adverse effects of AI on the labor market 🎧 Listen here: https://lnkd.in/e7kzxZRU And if you haven’t already, be sure to subscribe to the Deutsche Bank Research Institute for new insights, as well as our ongoing series on AI: https://lnkd.in/ePqzgrFF #DeutscheBank #dbresearch #Podzept

📈 When thinking about investment, which variables best predict long-term performance? Our Global Head of Macro Research, Jim Reid, says starting valuations are crucial. In his 2025 Long-Term Asset Return Study "The Ultimate Guide to Long-Term Investing" Jim, and co-authors Galina Pozdnyakova and Henry Allen, examine how asset classes have performed across a wide range of macroeconomic, policy, and valuation environments. For more on those key variables, scroll through the carousel below👇 💰 And whether you’re looking to build up your pension, planning for early retirement, funding a child’s education, helping them buy a property, or simply setting something aside for a rainy day, you may want to read the full report, which is freely available on the Deutsche Bank Research Institute website ( 🔗 link in the comments below). 📢 Feel free to share with your friends, family and colleagues!

“You’re not going to hit all time highs day-after-day-after-day, getting these pullbacks in the grand scheme of this relentless bull run is to be expected” Deutsche Bank macro strategist Henry Allen joined Jonathan Ferro and Lisa Abramowicz this morning on Bloomberg Surveillance. They discuss the current macro outlook, what could spark a larger selloff, and the market’s resilience in the face of repeated shocks. 📺 Watch the full interview via the link in the comments below 👇

🎙️ Wie kommt Deutschland endlich wieder in Schwung? ⏩ In „Podzept prägnant“ stellt sich Robin Winkler, unser Chefvolkswirt für Deutschland, zehn pointierten Fragen und liefert zehn knackige Antworten. Von den größten Wachstumsbremsen über überraschende Hoffnungsträger bis zu klaren Botschaften an die Politik: Hier gibt es Volkswirtschaft auf den Punkt, verständlich und mit Haltung. „Podzept prägnant“ jetzt neu bei Deutsche Bank Research. 🎧 Jetzt überall hören, wo es Podcasts gibt: ➡️ Spotify: https://lnkd.in/eRWTkRBJ ➡️ Apple Podcasts: https://lnkd.in/e9CZ9ZbE ➡️ YouTube: https://lnkd.in/ePZNju77

The Federal Reserve cut its benchmark interest rate by 25 basis points after Wednesday’s meeting. In our latest video, Deutsche Bank’s Chief US Economist Matthew Luzzetti breaks down the key takeaways. #DeutscheBank #dbresearch #economy