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For many, September has a back to school feel about it after a long break and is often the chance for a bit of a refresh. This summer, markets certainly weren’t on holiday, as August saw corrections and volatility, whilst there was also further softening in economic data, particularly in Europe and China.  Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, catch-up to discuss...

Whilst fashion trends regularly make come-backs, revivals in economic trends are a lot less frequent. The double-digit inflation rates seen over the past two years have left many wondering whether other hallmarks of the 1970s are also due for a return and what can be learnt from previous missteps as we transition to a new economic model.  Swaha Pattanaik speaks to Tristan Perrier, Macroeconomist &...

After months of rising rates, there could be good news for central banks as we start to see signs that inflation is finally cooling down.     Swaha Pattanaik and Monica Defend, Head of Amundi Institute, discuss the main trends impacting global monetary policy cycle, taking a closer look at the desynchronisation between Developed and Emerging Markets. Discover the Global Investment Views - August 2...

Geopolitics has become an ever increasing concern for financial markets over the past few years. Fractures and shifts in alliances are transforming the global economy and trade relationships.    Swaha Pattanaik sits down with Anna Rosenberg, Amundi’s Head of Geopolitics, and Francesco Sandrini, Amundi’s Head of Multi-Asset Strategies to discuss whether we’ve now reached a “new normal” and what som...

This month’s episode is a special focus on the macro-economic outlook and investment themes for 2023 and beyond. Swaha Pattanaik and Monica Defend, Head of Amundi Institute, discuss Amundi’s expectations for growth and inflation for the coming months and what this might mean for central bank monetary policy.      Monica also shares some of the things featuring on her crowded Wall of Worries this m...

2022 was a year to forget for emerging markets, but so far 2023 has brought more optimism that emerging markets may be making a comeback.     Swaha Pattanaik speaks to Alessia Berardi, Amundi’s Head of Emerging Markets Research, to find out what she expects in terms of growth across the emerging regions and why they generally seem to be in better shape than developed markets this year. They take a...

Washington remains firmly in the spotlight this month as the US debt ceiling negotiations remain at a deadlock. While a deal is expected sooner or later, what damage will be done in the meantime, especially as the economy in the United States had already been expected to slow?    Swaha Pattanaik speaks to Monica Defend, Head of Amundi Institute, for their regular catch up on the markets and asset...

The turmoil of March may be behind us, but market signals are conflicted about what comes next. A disconnect has appeared as bond markets look to price in a recession in the US, whilst on the equity side earnings expectations still appear overly optimistic. Against this back-drop, investors are wise to keep plotting a cautious course.      Swaha Pattanaik caught up with Monica Defend, Head of Amun...

The banking turmoil of the past month saw the collapse of Silicon Valley Bank in the United States and the 160-year old Credit Suisse being taken over by rival UBS. While the big market swings triggered by these events have now subsided, economic scars appear inevitable.      Swaha Pattanaik speaks to Mahmood Pradhan, Head of Global Macro Economics, to find out what has changed and why these event...

Markets were shaken out of complacency in March, as the failure of Silicon Valley Bank, wiftly followed by Credit Suisse in Europe, sounded alarm bells and triggered a sudden repricing of core yields as bond volatility reached levels not seen since the Great Financial Crisis.      Prompt reaction from key central banks showed they remember the lessons of past crises, but this time added concerns o...

It’s still early in 2023, but the markets have been broadly moving higher. What’s been driving the recent rally and how strong are its foundations?     Swaha Pattanaik caught up last week with Monica Defend, Head of Amundi Institute, to take a closer look at the bond and equity markets and the reasons why investors should show caution at this time. Discover the Global Investment Views - March 2023...

One year after Russia’s invasion of Ukraine, the geopolitical, macroeconomic, and market fallouts continue to reverberate around the globe. Whilst these have been most apparent in Europe due to its close ties to Russia, the conflict has had ongoing implications worldwide and has put existing trade-frictions under further pressure.      Swaha Pattanaik talks to Mahmood Pradhan, head of global macro...

Risky assets got off to a bumper start at the beginning of 2023, helped by more positive expectations for China following their reopening and hopes that the economic outlook in Europe might prove more resilient than previously thought. But how likely is it that this will last and could this be the start of a new positive cycle? Swaha Pattanaik talks to Monica Defend, Head of Amundi Institute, to l...

Biodiversity is all around us. It underpins not only our economy but also our very existence. Yet we are only in the early stages of understanding how essential a healthy environment is to a stable and well-functioning society. While climate change has long been capturing the headlines, the importance of biodiversity is now also coming to the fore, especially as it is recognised that climate chang...

2022 has been a tough year for investors, as both bonds and equities experienced significant repricing as the environment of rising interest rates, persistent inflation pressures and geopolitical conflicts hit investor confidence. For bonds in particular, 2022 was their worst annual performance in a century. All this means that hopes for some respite in the near future are high. In 2023, inflation...

Monica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast. The significant market trends at play are addressed, along with the macro economic outlook post US CPI data publication, China’s growth outlook for 2023 and the earnings’ season results, to conclude with Amundi’s asset allocation. Discover the Global Investment Views -...

Monica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast.  Although the peak in US inflation is likely behind us, core inflation remains sticky. Central banks around the world seem determined to keep up the tightening pace, despite the deteriorating economic outlook. As earnings season kicks off, downward revision in the US a...

Decarbonising the power sector will be crucial as part of worldwide efforts to limit global warming. Today, the power sector accounts for almost 40% of global energy - and industry - related carbon emissions. Whilst solar and wind power remain central to meeting net zero goals, a significant portion of future energy supplies will need to come from other low-carbon power solutions. In this podcast,...

Inflation levels not seen in more than a generation have triggered this year a repricing of the financial markets, most particularly in the fixed income world. The era of low or negative interest rates has come to an end. Meanwhile, whilst inflation has moved higher, growth rates have slowed and the extent of the Central banks’ commitment to fighting inflation is being questioned. This new market...

Monica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast. A review of the recent market sell off, the FX market volatility, the winter energy supply and our main asset allocation convictions. Discover the Global Investment Views - October 2022 article:   https://research-center.amundi.com/article/global-investment-views-octob...

For many years the US dollar has dominated the world’s currency markets, acting as an international reserve currency. At one point it was thought that the euro would come to challenge the US dollar, but to date no alternative reserve currency has yet proved credible. Now today, against a backdrop of deglobalisation, geopolitical crisis and a new inflationary regime, the dollar’s status as a “safe”...

Monica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast. Our analysis on global recession risks, the inflation trend, expected central banks decisions, and the impact on asset allocation.  Discover the Global Investment View Article - September 2022 : https://research-center.amundi.com/article/global-investment-views-septemb...

Under a new economic regime of high inflation and uncertain long-term growth prospects, the EU’s Stability and Growth Pact rules appear increasingly inadequate. Yet getting the EU budget rules right is essential if investors are to keep faith with the single currency. Tristan Perrier, economics insight specialist at the Amundi Institute, discusses the hows and whys around reforming the EU budget r...

Monica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast.    Inflation, war and continued COVID lock down in China, the past few month have been a perfect storm which has been weighing heavily on the market.  What are the latest development for Central Banks, the main areas of focus in Europe and the consequences for investme...

Inflation in the west is increasing at its fastest rate for several decades, while in turn, the elevated levels are forcing central banks to hike interest rates. The result is a toxic mix for growth.  Following the publication of Amundi’s investment outlook for the second half of 2022, we’re joined in this podcast by Monica Defend, Head of Amundi Institute, to discuss what lies ahead for investors...