Deutsche Bank's Sewing: Expect More Volatility and Higher Rates

Deutsche Bank CEO Christian Sewing discussed market volatility, German economic reforms and the fiscal situation in France in a conversation with Bloomberg's Francine Lacqua on the sidelines of the Berlin Global Dialogue. He said fears of an AI bubble are not justified, pushing back against warnings from other market voices. Sewing cautioned that investors should nonetheless expect increased volatility and higher rates due to ongoing geopolitical risks, offering a measured outlook that balances confidence in the AI theme with caution about the broader environment. The interview provides a senior European banking perspective on the forces shaping markets, from reform efforts in Germany to fiscal questions in France and the geopolitical backdrop weighing on rates.