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2025 got off to a dramatic start with an unexpected jump in bond yields. What has been driving this move and do we expect it to continue? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute,  share their investment views and explain what’s been happening in the US and UK and explore what these mean for our growth and interest rate forecasts.   We also look closer at what potenti...

After a campaign full of twists and turns, November saw the re-election of Donald Trump for a second term as US president. In this edition, we take a look at the geopolitical and economic ramifications of a new Trump presidency. Swaha Pattanaik sat down at the end of November with Anna Rosenberg, Head of Geopolitics at the Amundi Investment Institute and Paresh Upadhyaya, Director of Fixed Income...

In the past few weeks, economists have been busy writing their predications for what might lie ahead of us in the next 12 months. This year, the task was made harder by the US elections, the strong chance of a shift in policy, and the potential spill over to other regions.   Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss what has been happening in the markets as th...

This episode returns to the topic of artificial intelligence. Since we last covered this topic earlier in the year, there have been even more advances in what generative AI can do and ever increasing interest in how AI can be used across the corporate value chain.   Swaha Pattanaik is joined by Ben Lucas, Chief Executive Officer of Amundi Technology , to talk all about how AI has been shaking up t...

Stewardship activities, like engagement and voting, are increasingly seen as effective tools for promoting corporate accountability, enhancing long-term value, and driving sustainability. In the first episode of our engaging five-part series on Shareholder Stewardship, Caroline Le Meaux, Global Head of ESG Research, Engagement, and Voting, and Andriy Boychuk, Head of EM Research, delve into the cr...

After many months of build-up and speculation, the 2024 US election is almost here. Over the past few weeks, financial markets have become increasingly focused on the candidate’s platforms and what these might imply for the economy and markets. How could markets react to Trump and Harris’ different proposals on taxation, trade and immigration? Swaha Pattanaik and Monica Defend, Head of Amundi Inve...

Focus over the past month has been fixed on central bank policy, most particularly on the Federal Reserve. Their September meeting finally brought the Fed’s first rate cut in four years. What are the core points for investors to note? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, unpack all the elements to look at the data, the market expectations, the surprises, and what...

This August financial markets went on a rollercoaster ride. Stock markets started the month with huge declines and soaring volatility, before recovering towards month end. What lessons should investors take away from this summer’s events, as the market jitters continue into September? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, catch us up on recent events and discuss w...

A lot has happened in global economies, markets and geopolitics in the last six months. This outlook special looks back at what has happened in 2024 to date, how this has impacted markets, and what we should expect for the second half of the year. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss why they think the current environment really is “ all about confidence...

It’s been a busy month for central bank interest rate decisions, but while the European Central Bank, the Bank of Canada and Swiss National Bank have chosen to cut rates, the Federal Reserve is still pondering the timing of its next move. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, catch-up to discuss the latest indications from policymakers, particularly following this...

Three factors are driving today’s global markets; economic growth, inflation and the outlook for monetary policy. Central banks are increasingly dependent on data and inflation remains their chief cause of concern. It is becoming clear that divergences are opening up in policy and outlook in the US and in Europe. On one side a clear path has appeared, where on the other, this path is still surroun...

Our capital market assumption forecasts look more closely at the themes that shape the financial market landscape and aim to help steer investors over the medium to long-term. This year the publication considers how climate delays and productivity gains from artificial intelligence are likely to drive a reordering of asset class profiles and the role played by geopolitical tensions. Swaha Pattanai...

The uncertainties faced by financial markets over the recent months have been making forecaster’s lives difficult. The two big questions over growth and inflation continue to preoccupy. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss what’s been catching their attention over the past month and how these factors are influencing projections.  Can the US economy mainta...

Recent weeks have seen gains in the Magnificent Seven with rallies spreading across other sectors and US and European equities setting record highs. But how much longer can the equity markets keep rising and what has been driving this climb? Giulio Lombardo and Monica Defend, Head of Amundi Investment Institute, take a closer look at the reasons behind this upsurge and whether we should expect a r...

The last month has, to a large extent, seen a reversal in investors’ expectations for central bank actions. This has been the hot topic for financial markets over the past few weeks as these expectations filter down into financial data and continue to drive asset prices. However signs of a slowdown are appearing. What factors will be most important to judge market direction going forward?    Swaha...

Advances in artificial intelligence have unleashed a new wave of technological revolution, one that promises a torrent of disruption across both financial markets and our daily lives. The speed of transformation has sparked widespread concern, not least about the impact it could have on jobs across a whole range of sectors.   As demand surges and generative AI is said to reach the “tipping point”...

Promoting social mobility and equality of opportunity remains a pressing concern for many countries, challenging the very fabric of our society. Hence, understanding the perceptions and representations of equal opportunities is essential to catalyse collective action and support corrective measures.   A survey conducted by the OECD with the support of Amundi across 27 OECD countries delves into th...

We may only be a few weeks into 2024, but the markets have been anything but quiet. After a rocky period at the end of the year, bonds and equities eventually returned to positive territory in January, with the notable exception of China. Central banks remain centre stage, as markets continue to speculate over their next steps.   Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institu...

Asia faces distinct and complex challenges when it comes to the energy transition as it looks to balance economic development with the necessity to transition to a low carbon economy. The continent is home to around 60% of the world’s population and has significant exposure to the physical risks of climate change, seen in severe floods and heatwaves. At the same time, it also has extensive and aff...

In our last Convictions podcast of the year, Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, sat down last week to discuss whether any of the recent policy comments or economic data publications might have impacted our main calls for 2024. Are we aligned with the general consensus on when to expect interest rate cuts? What are our expectations for rates by the end of 2024?...

A special edition of Amundi’s monthly Convictions podcast focusing on the outlook for developed markets in 2024. The theme of renewed global disorder has been a topic of conversation for some years, emerging from a convergence of ideological, economic, political and technological transitions. These transitions spread uncertainty on a global scale and have a knock-on effect on how and when policyma...

This emerging markets outlook special edition looks ahead to 2024. While a slowdown is expected in developed markets, emerging markets (EM) are likely to prove more resilient next year with the growth premium over developed markets continuing to widen.  Swaha Pattanaik speaks to Vincent Mortier, Amundi’s Group Chief Investment Officer and Yerlan Syzdykov, Global Head of Emerging Markets at Amundi...

Against the backdrop of recent escalation of tensions in the Middle East, Swaha Pattanaik and Monica Defend, Head of the Amundi Investment Institute, sat down earlier this week to discuss the big themes that are dominating markets. In addition to the ongoing geopolitical risks, they spoke in depth about recession concerns as well as how much they expect the U.S. and European economies to slow. Thi...

Payment habits have evolved dramatically over the last few decades. The use of cash has been shrinking for some time, but this phenomenon was rapidly accelerated by the Covid crisis. In parallel, technological advances have seen the use of digital currencies become more popular amongst consumers and cryptocurrencies such as Bitcoin become household names. In response to this dramatic rise in the u...

Autumn made a hasty arrival to Europe in mid-September and it was accompanied by a multitude of monetary policy meetings. The current tightening cycle has seen plenty of interest rate hikes. But this new round of meetings show how central banks appear undecided on their next steps in light of the mixed signals coming from their economies. What will this cautious stance from central banks mean for...