Online version -------------------------------------- Deutsche Bank -------------------------------------- -------------------------------------- The home straight... ------------------------------------------------ As the end of 2026 comes into sight, a year that seems to have passed in the blink of an eye, my latest chartbook, The Home Straight, takes stock of the key forces shaping markets and the global economy, as well as the themes most likely to influence the outlook through year-end and into 2027. There is also a special feature on how to think about the recent rise in bond yields, which should be relevant for all global investors. Several of the themes explored in the chartbook also feature in this week’s newsletter, which highlights new content from the Deutsche Bank Research Institute ( ).
We examine the links between AI, capitalism and the future of the dollar; explore how drones are reshaping modern conflict; assess the economic and political outlook for the euro area; and continue our Great Rebalancing series with a look at connectivity as a critical global chokepoint. We also hear from private capital investors, who identify AI-related capital misallocation as a significant concern - though not their top one. To find out what ranks above it, follow the links below which include all the pieces new to the Institute this week.
The Institute website content, and this mailing list, are open to all, so please feel free to spread the word and if you’d like someone added to these content alerts, email ( ). Monthly chartbook: The home straight… ( ) Our latest pack takes stock of the many forces shaping markets and the global economy as we head back to school and enter the home straight of 2026. Capitalism and the dollar: the AI race, tokenisation, and the dollar's future ( ) The US is leveraging the full power of private capital and financial innovation to try and win the AI race.
The challenge from China could test capitalism itself. The drone frontier: Geopolitics in a new era of conflict ( ) Recent multi-billion dollar investment pledges will likely contribute to a rapid expansion of the global military drone market over the coming years. The good, the bad and the ugly ( ) Key themes for the euro area: growth resilience, the extent of ECB hikes, and electoral risks to public finances.
The Great Rebalancing (4/5): The connectivity chokepoint ( ) Our fourth chapter in our Great Rebalancing series examining currency, critical minerals, chips, connectivity, and cloud data centers. Private capital monitor: AI is the 2nd biggest risk ( ) The risk of AI capital misallocation is a key concern but not the number one worry for the industry. Visit the Deutsche Bank Research Institute ( ) for these and much more, including our Expert Voices multimedia content ( ), with recent podcasts including Podzept: Global events matter, but don't, but do ( ) and Rate Check: What's happening in Europe? ( ).
The site also features my daily Chart of the Day. ------------------------------------------------ Best regards, Jim Reid Head of the Deutsche Bank Research Institute Global Head of Macro Research ------------------------------------------------ ------------------------------------------------ If you wish to unsubscribe from our Deutsche Bank Research newsletter please click here ( ). Imprint ( ) | Legal Resources ( ) | Data protection ( ) | Accessibility ( ) Copyright © Deutsche Bank AG, Frankfurt am Main