1.0Stichting Pensioenfonds IBM Nederlandhttps://spin.nl/en/Hanny Broerehttps://spin.nl/en/author/hanny-broere/rich600338<blockquote class="wp-embedded-content" data-secret="p0RCj1M01w"><a href="https://spin.nl/en/page/market-developments-january-2023/">Market developments January 2023</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://spin.nl/en/page/market-developments-january-2023/embed/#?secret=p0RCj1M01w" width="600" height="338" title="“Market developments January 2023” — Stichting Pensioenfonds IBM Nederland" data-secret="p0RCj1M01w" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://spin.nl/wp-includes/js/wp-embed.min.js </script> https://spin.nl/wp-content/uploads/2022/12/619652f74626b7860f8b7243_Aandelen-tech-e1542284144902.jpg5723302023 started on a positive note with higher prices for equities and fixed income. Commodity prices, led by gas prices, declined. This favors the level of inflation. Central banks are also closely monitoring inflation figures and adjusting their interest rate policy and outlook to these developments. Falling inflation prompted lower government bond yields. That in...