- Global Investment Views - May 2019
Global Investment Views - May 2019
Friday 26 April 2019
Research / Market
Still some juice left, but not much
Equity markets have remained buoyant in recent weeks: the S&P 500 is trending towards an all-time high, the European equity market (STOXX 600) is close to last year’s peak and the performances of emerging markets have also been very strong. Renewed hopes of a trade deal between China and the US drove the last leg of the upside, following the previous boost from the recent central banks’ dovish turns. Credit markets have also been significant beneficiaries of the positive sentiment, with spreads tightening massively in Europe and stable at tight levels in the US in recent weeks.
CIO views: High conviction ideas from Amundi Global Investment Committee.
Blue Convictions - SPECIAL COVID-19 ep#3 - A game of cycles
The world is now entirely racing for time against the Covid-19.Three cycles are under watch: the pandemic cycle, the financial cycle and the real economy cycle.
Blue Convictions - SPECIAL COVID-19 ep#4 - Some light in the fixed income space
Volatility will remain for a while in the equity and fixed income worlds. However, thanks to the action and coordination of central banks, massive debt issuance in Europe and in the US eased trading for both buying and selling sides.
Blue Convictions - SPECIAL COVID-19 ep#5 - The USA: opportunities in a market expecting a deep recession
The pandemic hit the USA, now the new epicentre of the storm. Fiscal and monetary stimulus came fast and in huge volumes to support the economy.