United States

Following the election of Donald Trump, the EU must be prepared for disruptive moves from the White House. There is a risk that Trump will try to drive the EU member states apart.

Telekom's dependence on its high-growth US subsidiary is high, accounting for 66% of earnings. That brings some risk with it.

Europe's banks are complaining about the allegedly too tight timetables for implementing new capital requirements. However, they have advantages over their US competitors.

Despite disappointing market debuts in recent months, Lynn Martin expects IPO activity to pick up in the new year. As NYSE Group's President points out, the world's largest stock exchanges has a highly valuable IPO backlog. Additionally, Martin wants to welcome more German companies.

Electrical and digital companies exported less to China in the first half of the year compared to the previous year. Meanwhile, exports to the US and the rest of Asia increased significantly. Andreas Gontermann, Chief Economist of the industry association ZVEI, acknowledges "a certain awareness" of geopolitical risks but doubts the effectiveness of trade restrictions.