Amundi

📰 [#Press] | Guy Stear, Head of Developed Markets Strategy at Amundi Investment Institute, shared his views ahead of the Jackson Hole Economic Symposium scheduled this Friday :   “Equity markets have improved considerably since the August sell-off, and the S&P is almost back to its mid-July peak. However, #Fed funds expectations are still around 25bps lower than they were in mid-July. We do expect the Fed to cut #rates by 75bps between now and year end, with successive 25bp rate cuts at each Fed meeting, and we expect the Fed chairman to continue to signal that a first rate cut is on the cards for September. Yet there is a chance that investors could be disappointed by the comments, if there are any references to the stickiness of #inflation. If US 2yrs were to rise back to 4.2%, from 4.05% at present, that would be a good opportunity to increase long positions at the front of the US curve.” Read more 🔽

🤔 [#QuestionOfTheDay] | What factor has the potential to affect European exchange rates in the coming month ?   Here's a hint 😉 ↙ https://lnkd.in/eT7jBk63

🌍 [#Convictions] | Social #bonds have become very popular in the last years. Indeed, demand for social bond surged dramatically after the Covid outbreak, being part of the massive policy response to the crisis. The social bonds #market reached €383 billion [1] as at end Dec 2022, highlighting investors’ growing confidence in these assets’ ability to potentially deliver tangible and impactful social outcomes. These instruments are very similar to traditional bonds, except that they raise money for financing social needs. They are designed to fund new and existing projects with positive social results, such as affordable housing, education, heartcare and job creation. They offer transparency, by requiring issuers to report on the specific outcomes funded through #investors’ financing, ensuring that the raised capital is effectively used to achieve measurable social benefits. Social bonds could provide private investors a valuable opportunity to integrate financial goals with meaningful social impact. [1] Source: Amundi Social Bonds Annual Impact Report 2022.

🌍 [#AmundiWIF] | Aurélie JEAN, Ph.D. attended the Amundi World Investment Forum recently to speak about the transformative impact of #AI across various sectors. Aurélie Jean offered insights on how to anticipate and leverage the creative destruction brought about by AI to benefit both large and small investors in the finance #industry. She believes that CEO and chairmen of corporations and companies should have officers well-versed in #data and AI on their executive committees saying that “It’s key [to have an AI officer] and a challenge today; at every level, in HR, in marketing and in sales.” 🎥 Watch the full interview: ⤵︎  

🌎 [#Insights] |Delves into the implications of divergent central bank policies on global financial #markets and exchanges rates, through our latest Cross Asset authored by Mahmood Pradhan and Federico Cesarini. 🔍 Key Highlights: ·      Central Bank policy divergence may not significantly impact exchanges #rates. ·      US long-end yields influence global financial conditions, with potential risks from rising term premiums. ·      Energy price shocks could affect European exchange rates and #inflation. Gain deeper insights here ⤵ https://lnkd.in/eVvknzcc

🇮🇳 [#BestIdeas] | The Indian Union #Budget, presented on July 23rd, is a significant event for financial #markets, businesses, and households. Amid intense speculation about spending priorities, the budget focused on employment, skilling, and supporting micro, small, and medium enterprises (MSMEs). Notably, it aimed to boost consumption while maintaining fiscal prudence. Learn more in our latest #India newsletter ↙ https://lnkd.in/eJAQYZ9h

🌎 [#Insights] | What caused the spike in global market #volatility? 🔹 Disappointment over tech earnings 🔹 The slowing #USeconomy 🔹 Worries about geopolitical risks Read more to learn how the spike in market volatility may warrant reducing risk exposures for the time being as a precautionary measure.⤵︎ https://lnkd.in/e-DuYk8T

📆 [#Webinar] | In the aftermath of last year's global #inflation surge, and the subsequent tightening of monetary policies, the #economicoutlook now looks increasingly fragmented.   In addition, the next few months will be crucial in determining the direction of various #geopolitical hotspots.   🗝️ Which key themes might shape the rest of the year and beyond?   Which opportunities might be available for investors?   Join Amundi’s experts, Vincent Mortier, Group Chief Investment Officer, and Monica Defend, Head of the Amundi Investment Institute & Chief Strategist, as they will discuss our main convictions for the months ahead.   Register now to join the webinar. ⤵︎ https://lnkd.in/e5XUQaHf

🎙️ [#Podcast] | What should we expect for the second half of the year when looking back at what has happened in 2024? In this podcast, Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute discuss why they think the current environment really is “all about confidence”. 👉 To listen to the full podcast: https://lnkd.in/epCz3yrR Here’s a clip from this riveting conversation. ⤵

🌍 [#AmundiWIF] | We were honored to host Professor Ricardo Reis at the Amundi World Investment Forum. His in-depth analysis on positioning investors amidst major #economic shifts was highly enlightening. Professor Reis elaborated on the long terms interest rates, that are rising today and, in the years to come. He emphasized the strategic importance #macroeconomics events on the global #economy: “Today the source of shocks seems to be geopolitical”. It affects capital flows and long-term interest rates, and the industrial policies are affecting configuration of #trades.    Watch the full interview: