Conference
May 9, 2023
May 8, 2023
In our diverse world, there are many areas of life that have hardly any points of contact with each other. Accessibility – even in a figurative sense – often does not exist. Thus, inclusion and art are a pair of terms that rarely come into contact. This is where the art project “WIR!” starts, which the Hamburg Commercial Bank Art Foundation for Schleswig-Holstein is sponsoring this year.
read moreApril 27, 2023
Hamburg Commercial Bank (HCOB) is partnering Germany's biggest tennis tournament, the Hamburg European Open at Hamburg's Rothenbaum for the fourth time this year.
read moreApril 21, 2023
Hamburg Commercial Bank (HCOB) is the new naming sponsor of various S&P Global (S&P) Purchasing Managers' Index® (PMI®) series. The indices, which have been produced since the late 1990s, are considered reliable leading indicators of economic development in various sectors, countries and regions. Companies, government institutions, numerous central banks and other economic actors use the Purchasing Managers' Index series as a basis for their decisions. In the future, HCOB's Chief Economist, Dr. Cyrus de la Rubia, will comment on developments and trends in the monthly HCOB PMI Reports and place them in the current economic context.
read moreMay 11, 2023
U.S. debt ceiling: the alternatives are fading
"We've been doing it this way since 1776" is not necessarily a winning argument for sticking with the U.S. concept of a debt ceiling. In the short term, however, the point is to prevent default at all costs.
Market report (german) ( PDF, 690 kB )May 5, 2023
"No pause"
Yesterday's ECB meeting, where the key interest rates were raised by 25 basis points as expected, was rather hawkish as there were no clear signs that the ECB might stop raising rates soon. The deposit facility rate now stands at 3.25%. We are raising our interest rate forecast and expect two more rate hikes, so that the deposit rate would then be at 3.75%.
Market report (german) ( PDF, 547 kB )May 4, 2023
Strong purchasing managers' indices makes further interest rate hikes likely
The HCOB PMI purchasing managers' indices show that the economic trough is already being exited. Nevertheless, do not expect a boom.
Market report (german) ( PDF, 437 kB )
