Los inversores están preocupados por las crisis de crecimiento y los aumentos de los tipos de interés

The forthcoming week in financial markets will be characterized by two central themes: geopolitical developments in the Middle East and the evolution of bond yields. Experts warn of further uncertainty that is weighing on investors. A potential compromise between Iran and other actors could reopen the Hormuz Strait for oil transportation, which could provide some relief to investors in the short term – but hopes are melting quickly, as new negotiation attempts regularly fail. This dynamic continues to weigh on the markets, particularly in the oil sector, where the Brent crude oil price fell by around 1.5% on Friday, but remained above the $100 mark and showed a slight recovery of around 1% over the week. Meanwhile, the Swiss stock market SMI rose in recent trading sessions, but only briefly exceeded the 14'000-point mark. The German DAX, on the other hand, remained directionless, with a slight increase of around 0.5% on Friday. The bond markets, however, are experiencing a yield shock: the yield on 10-year US Treasuries exceeded the 5% mark, a figure not seen since July 2007. The Fed will continue to review its interest rate policy to dampen inflation and stabilize labor markets. The US labor market statistics for September will be published on Friday, which could provide further indications of the Fed’s monetary policy stance. Investors are particularly monitoring how the US is dealing with the effects of oil price shocks and tariff policies, with the health sector in particular experiencing strong growth. In addition to the labor market, data on consumer confidence in the Eurozone and the US, inflation in Germany, and US growth and PCE inflation figures are also on the agenda. The Swiss stock market remains less active: Roche will present itself on a pharmaceutical day in London on Monday, while Sika will host its investor day on Thursday. Geopolitical tensions between the US and China remain a key risk factor, even if a direct diplomatic breakthrough seems unlikely. In addition, the discussion on AI security will continue to dominate, weighing on technology stocks. A new approach by Meta could support prices in the short term, but in the long term, uncertainty about regulatory and security challenges remains. Experts expect higher fluctuations in the coming weeks, as markets remain focused on these themes.