What is driving the markets in the second half of 2026? Discover the key developments.
Our Capital Market Outlook for the second half of 2026 analyses the most important trends, opportunities and risks for investors.
Here is an overview of the contents:
Bonds
First-class issuers once again offer yields of just over 4 to above 5 percent in euros. With credit spreads at the same time near historic lows, credit quality, maturity management and selective security choice determine the outcome.
Equities
Quality names in medical technology are trading 20 to almost 50 percent below their highs, without any fundamental change to their businesses; selected consumer and platform stocks show similar patterns. What matters is distinguishing a temporary mispricing from genuine structural disruption.
Currencies
The US dollar remains structurally overvalued and therefore a risk that euro investors should always price in. The Norwegian and Swedish krona, by contrast, have appeared structurally undervalued for years.
Commodities
Copper is benefiting as a structural winner of the AI boom – every new data centre requires substantial volumes for power lines, cooling and grid infrastructure. Gold, following its correction in the first half of the year, is once again attractively valued.
The second half of 2026 sits between AI euphoria and the central banks’ interest rate dilemma – a demanding but opportunity-rich environment, in which we deliberately work with three scenarios rather than a single forecast.
At Genève Invest, we remain committed to helping our clients make confident, well-informed decisions through proactive and strategic asset management.
Do you want to learn more?
We are happy to pass on more knowledge to you in this information brochure. As an established asset management company with more than 2 decades of experience and over 1,500 customers, Genève Invest is one of the renowned representatives of the financial sector.
Thanks to these decades of experience, we are able to give you, as a private investor, valuable first-hand insights into the area of profitable asset management.
