据德银，黄金在全球央行"外汇+黄金"储备中的份额已从今年6月底的24%迅速上升至当前的30%。在同一时期，美元的份额则从43%下 降至40%。而若要使其份额追平美元，金价在现有持仓量不变的情况下需要升至每盎司5790美元。 报告进一步提出了一个价格推演：如果黄金要与美元在上述储备类别中平分秋色，其价格需要达到5790美元/盎司。在该情景下，假 设央行黄金持有量保持不变，黄金和美元将各自占据全球"外汇+黄金"储备的36%。 德意志银行的分析特别强调，其研究侧重于黄金在"外汇加黄金"储备中的占比，而非在央行总资产中的占比。报告认为，这是一个更 具相关性的分析维度，因为"外汇加黄金"储备是央行能够动用来捍卫本国货币的、以外币计价的资产。 全球央行对黄金的青睐并未因价格上涨而减弱，反而愈发强烈。德意志银行援引世界黄金协会在今年2月25日至5月20日进行的调查 称，计划增加自身黄金储备的央行比例已从去年的29%升至43%。 更为关键的是，市场管理者对整体趋势的判断也高度一致。调查发现，高达95%的受访储备管理者预计，全球央行的黄金总持有量将 在未来12个月内上升，这一比例远高于去年的81%。 来源：华尔街见闻 据追风交 ...

报告进一步提出了一个价格推演：如果黄金要与美元在上述储备类别中平分秋色，其价格需要达到5790美元/盎司。在该情景下，假设央行 黄金持有量保持不变，黄金和美元将各自占据全球"外汇+黄金"储备的36%。 德意志银行的分析特别强调，其研究侧重于黄金在"外汇加黄金"储备中的占比，而非在央行总资产中的占比。报告认为，这是一个更具相 关性的分析维度，因为"外汇加黄金"储备是央行能够动用来捍卫本国货币的、以外币计价的资产。 在全球储备资产的版图中，黄金的地位正发生显著变化。 据追风交易台消息，德意志银行最新研究显示，黄金在全球"外汇+黄金"储备中的占比已攀升至30%，而若要使其份额追平美元，金价在现 有持仓量不变的情况下需要升至每盎司5790美元。这一测算为市场理解黄金的长期价值提供了一个新的理论视角。 推动黄金储备地位上升的核心动力，是全球央行强烈的增持意愿。世界黄金协会早前的一项调查显示，绝大多数储备管理者预计全球央行 的黄金持有量将继续增加，这一趋势不仅是过去几年金价走强的重要驱动力，也预示着未来黄金需求将保持强劲。 若追平美元占比，金价需升至5790美元 根据德意志银行分析师Michael Hsueh在10月17 ...

There is a lot of volatility in the market. We have seen that actually over the last weeks and months. Whenever something is supposed to be there, market is reacting.Uh in our books, I can tell you no, there is no deterioration. Um we have actually we're very confident with our credit portfolio. um and that across the world whether it's in Germany whether it's in Europe uh whether it's in the US um in the different asset classes corporate bank private bank um and and in this regard um I I think the market i ...

Core Viewpoint - Deutsche Bank asserts that despite recent corporate defaults raising concerns in the market, there are no signs of credit deterioration in its loan book [1] Group 1: Company Statements - CEO Christian Sewing expresses confidence in the bank's credit portfolio, stating that there is currently no deterioration [1] - The bank's position contrasts with concerns raised by competitors regarding potential risks in the market [1] Group 2: Market Context - Recent market volatility has been highlighted by the bankruptcy of Tricolor Holdings, which led to near-total write-offs of related debts [1] - The bankruptcy of First Brands Group, which owes over $10 billion to major Wall Street institutions, has also shaken the credit market [1] - The rapid expansion of private credit has amplified concerns about potential risks in the financial system [1] Group 3: Industry Perspectives - JPMorgan CEO Jamie Dimon warns that losses could be more severe when the economy turns negative, suggesting that there may be more underlying issues in the market [1] - Sewing acknowledges that while an economic slowdown or recession could change the current situation, it is not a topic of concern at this moment [1]

Deutsche Bank isn’t seeing any credit deterioration in its loan book, despite a number of recent implosions that have prompted some rivals to warn of potential trouble https://t.co/l0l1CEuMhG ...

Group 1 - European bank stocks declined on Friday due to loan issues reported by several U.S. regional banks, which negatively impacted market sentiment and raised concerns about the credit market [1] - The Stoxx 600 bank index fell nearly 3%, marking the largest single-day drop since August 1, with major banks like Deutsche Bank, Barclays, and Société Générale seeing declines of over 4% [1] - Despite the recent pullback, the banking sector has maintained a cumulative increase of over 40% since 2025 [1] Group 2 - U.S. regional banks Zion and Alliance West reported significant stock price drops after disclosing fraudulent loans to funds investing in troubled commercial mortgages [3] - Recent loan defaults have occurred, including issues with subprime auto loan company Tricolor Holdings and the bankruptcy of First Brands Group, which owes over $10 billion to several well-known Wall Street firms [3] - In contrast, Spanish bank BBVA saw its stock price rise over 10%, while Sabadell's stock fell by 8.6% after shareholders rejected a takeover bid from BBVA [3]

每经AI快讯，10月17日，德国银行股走低，德商银行、德意志银行分别下跌3.45%和5.87%。 （文章来源：每日经济新闻） ...

Welcome back to Money Movers. Something has changed in Europe. According to our next guest, forecasting European indices to see a 12 to 16% gain in 2026.Joining us to break down this bull case is Deutsche Bank Research head of European equity strategy and head of cross asset strategy, Max Suier. It's good to see you. Welcome back.What's changed in Europe. >> I think plenty of things have changed actually. So, very short term maybe.Let's start with that, right. Sure. >> Earning season we think is going to be ...

Core Viewpoint - European indices are forecasted to see a 12 to 16% gain by 2026, driven by positive underlying data and increased government spending, particularly in Germany [1][2]. Economic Outlook - Earnings season is expected to outperform expectations in both the US and Europe, with Europe showing particularly strong underlying data despite perceptions of economic disaster [2]. - Germany's government has recently passed a budget allowing for increased spending, which is anticipated to positively impact the economy [3][4]. Government Spending - Germany plans to spend an additional €800 billion over the next four years, with €500 billion allocated for infrastructure and €300 billion for defense, which is expected to be GDP accretive [5][6]. - Recent announcements of defense spending, including €3 billion and €9 billion in the past weeks, indicate a significant shift in fiscal policy [4][5]. Employment and Efficiency - Despite layoffs at companies like Nestle, overall unemployment rates in Europe remain very low, suggesting that these layoffs are not indicative of a structural problem in the labor market [7][8]. - European companies are expected to benefit from advancements in AI, enhancing efficiency without the need for massive capital expenditures [9]. Monetary Policy - The European Central Bank (ECB) has successfully managed inflation, currently at around 2%, providing a stable environment for economic growth [10][12]. - There is uncertainty regarding future rate cuts, but the current economic conditions suggest stability rather than drastic changes [11][12]. Comparative Analysis - When comparing fiscal situations, the US is projected to have a deficit above 7%, while France is expected to have a 5% deficit, indicating a more favorable fiscal outlook for Europe [13][14]. - France's defense industry is positioned to benefit from increased German spending, although the French index has underperformed compared to the rest of Europe [15].

Core Viewpoint - Vertiv Holdings Co. has significantly benefited from the rise of artificial intelligence, with Deutsche Bank noting that investors who missed the stock's over 1,600% rally may have lost a substantial opportunity [1] Company Summary - Vertiv Holdings Co. is positioned as a leading provider of data-center technology, capitalizing on the growing demand driven by advancements in artificial intelligence [1] Industry Summary - The proliferation of artificial intelligence has created a favorable environment for companies like Vertiv, highlighting the increasing importance of data-center technology in supporting AI infrastructure [1]