DWS KGaA Investor Relations Media Career Belgium Insights Capabilities Solutions Service Profile Search Home » Insights » CIO View » CIO View quarterly » Our forecasts Jun 02, 2021 Forecasts Our forecasts In light of the very dynamic market environment these forecasts are subject to change at any time. 2 min to read Macro United States[1] Equities United States (S&P 500) Europe (Stoxx Europe 600) Eurozone (Euro Stoxx 50) Germany (DAX)[5] United Kingdom (FTSE 100) Switzerland (Swiss Market Index) Japan (MSCI Japan Index) MSCI Emerging Markets Index (USD) MSCI AC Asia ex Japan Index (USD) Fixed Income United States U.S. Treasuries (10-year) U.S. municipal bonds[6] U.S. investment-grade corporates U.S. high-yield corporates Europe German Bunds (10-year) UK Gilts (10-year) Euro investment-grade corporates[8] Euro high-yield corporates[8] Securitized: covered bonds[8] Italy (10-year)[8] Asia-Pacific Global Emerging-market sovereigns Currencies EUR vs. USD USD vs. JPY EUR vs. GBP USD vs. CNY Macro data exchange rates and alternative investments: The arrows signal whether we expect to see an upward trend , a sideways trend or a downward trend . The signals' colors illustrate the return opportunities for long-only investors: positive return potential for long-only investors. limited return opportunity as well as downside risk. negative return potential for long-only investors. Recovery on track - time to take a break The economy is coping well with Covid-19 but we continue to expect low interest rates. The conditions for risk investments would look good if it weren't for valuations. Read more More topics Jun 01, 2021 ESG Blue economy: A new twist in an old tragedy Markets and policymakers are finally waking up to the challenges and opportunities of protecting marine ecosystems, while simultaneously promoting sustainable development. Share this page CIO VIEW QUARTERLY NEWS- LETTER 1. core rate, personal consumption expenditure Dec/Dec in % (no average as for the other figures) 2. Source: Bloomberg Finance L.P. as of 5/27/21 3. Sources: Bloomberg Finance L.P., FactSet Research Systems Inc. as of 5/27/21 4. 5. Total-return index (includes dividends) 6. Ratio of 10-year AAA Municipal yield to 10-year U.S. Treasuries yield 7. Bloomberg Barclays MBS Forward Index 8. Spread over German Bunds Quick Access DWS KGaA CIO View Facts & Figures Slavery and Human Trafficking Statement (PDF) Engagement Policy (PDF) Information on sustainability Copyright © 2021 DWS 081662_2 (05/2021) Cookies Policy We use cookies and similar technologies that are essential to operate our websites. With your consent, we will use cookies for performance analysis of our websites. This enables us to detect and fix errors and usability issues as soon as possible and to constantly improve our website. Furthermore we use marketing cookies to measure the success of our marketing measures and personalize our contents to your needs as precisely as possible, potentially also outside of our websites. In the settings you can find detailed information on the different types of cookies and object to the use of cookies. As an asset manager, the security of your data is highest priority to us. You can find further information in our privacy notice. Customize Accept and proceed