Central bank stars align and what to expect from COP30

In a central bank triple-header, we’ll see announcements from the Fed, the ECB and the Bank of Japan in the week ahead. And while the banks share similar aims, Markus Müller, Chief Investment Officer Sustainability & Global Head of the Chief Investment Office for Deutsche Bank’s Private Bank, describes the different situations facing central bankers as being like "three captains steering ships through different waters – some choppy, some calm, some foggy”.

Switching to sustainability and COP30 in Belem, Brazil, next month, Markus expects a more reflective mood at what is being called the 'nature COP'. Fragile global economic alliances and the lack of strong US commitment will likely limit practical outcomes, he says. "It’s a chance to reframe the narrative, but not necessarily to rewrite the results."

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