UK & Europe grapple with rising interest rates

UK, Europe, interest rates, FischThe UK and Europe face escalating economic concerns, driven by global long-term interest rate rises and contrasting equity market optimism, according to a new report.

In its September 2023 'FischView' report, Fisch Asset Management found that persistent inflationary pressures, climbing inflation expectations and expanding government debt are major contributing factors to rising interest rates, which seem to be largely disregarded by equity and high-yield credit markets.

Krishna Tewari, investment strategist, Fisch Asset Management, highlighted that while the US might skirt a predicted recession, the eurozone and the UK are not so fortunate. The stark decline in Swiss exports in July serves as a testament to Europe's broader trade woes.

The eurozone's purchasing managers' indices for the services and manufacturing sectors have notably declined, indicating intensifying economic adversity.

With China grappling with its own set of economic challenges, there's a looming risk of these issues spawning a global contagion effect, noted the report.

Despite these alarming indicators, global equity and credit markets radiate optimism, possibly misjudging the prevailing risks.

Investors should "remain cautious" during these turbulent times, said Fisch Asset Management, emphasising the potential pitfalls in European equities and high-yield bonds.

© 2023 funds europe

Thought leadership


This whitepaper outlines key challenges impeding the growth of private markets and explores how technological innovation, when bolstered by the operational experience and global reach of FMIs, can provide solutions to unlock access to private market funds for a growing investor base.


Transporting goods by sea is the lowest carbon way of transporting goods. That said, the shipping sector contribute 3% of global carbon emissions, so we need it to get to net zero. Breakthrough technologies have the power to reshape the industry and drastically reduce its environmental footprint.



We often hear about the challenges related to sustainability data - in particular, the lack of consistency, comparability, and completeness. Update your information puzzle with Essential Sustainability Intelligence.


Discover how investing in real assets with a multi-asset approach can help build resilient portfolios.


Executive Video Interviews

Why fund admin tech is a key competitive advantage

Cian Hyland, Strategic Client Relationship Director at Deep Pool Financial Solutions spoke to us about how technology enables efficient data management, reporting automation and secure data access.

Insights from State Street

Cuan Coulter, Global Head of Asset Managers and Head of UK and Ireland at State Street, discusses how fund managers decide between the two cross-border fund domiciles, namely Ireland and Luxembourg, and why asset managers find managing data so difficult.

Unlocking access to private markets

Vincent Clause, who heads the global funds strategy at Euroclear and David Genn, CEO of Goji, sit down with Funds Europe to explain how technological innovation, bolstered by operational experience and global reach, can provide solutions that unlock access to private markets.

Sustainable investing in the DC world

Claire Felgate, a specialist in UK defined contribution pension schemes at asset manager BlackRock, talks with Funds Europe editor Nick Fitzpatrick about how - and the pace at which - DC pension schemes are adapting to the requirements of sustainable investment.



Join our webinar for a deep dive into the findings of the fresh-off-the-press EU Taxonomy 2023 Insights Report, based on Clarity AI's best-in-class coverage of EU Taxonomy reported data and CDP industry-leading environmental datasets. 

In this webinar, we discuss tools for optimising fund data management and distribution, the role of global fund classifications and ratings, and how technology and automation enhance data integrity and insights.