Market Insight
Market outlook and commentary of the month of March
" Risky assets continue to see inflows in an economic context that remains challenging. With central banks stepping up to the plate to keep markets liquid, one has to look closely to differentiate between appearance & reality. "
Pascal Blanqué, CIO Amundi Group
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A paradoxical economic picture
Not a week goes by without new disappointing economic indicators, changes to growth forecasts, or comments by central bankers about the need to support economic activity. And yet, equity and credit markets, among others, continue to rise in value. What is really going on?
Archives:
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Cross Asset Investment Strategy - April 2013 pdf I 2959.49 ko
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Cross Asset Investment Strategy - March 2013 pdf I 866.52 ko
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Central banks: you’ve got the power!
The bad news is that markets continue to be fuelled exclusively by liquidity. The good news is that central banks, starting with the Bank of Japan, are signaling that there is still a huge amount of liquidity available and that aggressive asset reflation is set to continue. Positive news for equity markets, but for how long?
