Market Insight
Market outlook and commentary of the month of March
"
The stock market rally has sharply advanced on both sides of the Atlantic, whilst the Italian elections have brought the Eurozone’s fragility back into the spotlight. As volatility, uncertainty and concerns about economic growth continue to set the pace,caution
remains essential.
"
Pascal Blanqué, CIO Amundi Group
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Italian Elections, a game changer?
The elections in Italy are unlikely to reverse the trends witnessed in recent months, but caution will be necessary for the weeks & months to come. The possibility of further elections must not be dismissed, but it is improbable they will be a driving force in the immediate future.
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Is Solvency II regulation too pro-cyclical?
In the event of sudden shifts in the marked to market price asset valuation, insurance companies can be forced to sell risky assets at the worst possible moment. In this edition of Special Focus, we compare different asset classes and offer a pro-cyclicality measure in order to better prepare for these new regulations.
Archives:
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Cross Asset Investment Strategy - February 2013 pdf I 1096.26 ko
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Cross Asset Investment Strategy - January 2013 pdf I 1839.40 ko
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A welcome pause
The February market pullback was salutary and strengthens our constructive view on equities which continue to be supported by a favorable macro environment and accommodative central banks. The reporting season confirms our scenario of modest earning per share growth this year.
