Euro area business climate indicators are gradually picking up, providing a positive backdrop for European markets.
Slightly better growth, disinflation and imminent rate cuts paint a relatively positive environment for Euro equities.
The ECB starting to cut rates could later on support European small caps also.
Play rotations in equity with Europe and Japan;
Central banks divergences may favour global bonds ;
Seek income in credit;
Explore EM Asia and India.
Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 08 May 2024. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results.
Date of first use: 1 July 2024
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