Eurizon's podcast

Andrea Conti, Head of the Eurizon Macro Research & Product Specialist team, explains Eurizon’s positioning for the coming month in light of a baseline scenario that combines inflation on the decline to target, and slowing economic activity in the Eurozone, but not in the US. The central banks have completed their hike cycles and could cut rates could cut them in 2024 once the downtrend of inflation has consolidated. The geopolitical tensions in the Middle East and in Ukraine are reaping a modest macro and market impact. Audio recorded on 19 Dec. 2023.

Eurizon Weekly 18 Dec. 2023. In the course of the week, the mix of US inflation, confirmed on a downtrend, and of the central bank meetings, with the spotlight on the Fed, essentially confirmed that further rate hikes are not on the cards, and in fact rate cuts in 2024 are starting to be considered. Stefano Cucchi, of the Eurizon Macro Research & Product Specialist team, takes a closer look
Audio recorded on 18 Dec 2023

Eurizon Weekly 11 Dec. 2023. In the course of the week, the European markets benefited from the accommodative tones on the future path of interest rates used by some ECB Governing Council members. In the US, spotlight back on the Fed’s next decisions and on forthcoming US inflation data. Stefano Cucchi of the Euruzone Macro Research & Product Specialist team takes a closer look. Audio recorded on 11 Dec. 2023.

Andrea Conti, Head of Eurizon’s Macro Research & Product Specialist team, explains the AM company’s positioning going forward, with a baseline scenario that combines inflation closing in on central bank targets with slowing economic activity in the Eurozone, but not in the US. The central banks have put the rate hike cycle on hold and are leaning towards keeping rates in restrictive territory in order to consolidate the decline of inflation. Geopolitical tensions in the Middle East and in Ukraine are having modest impacts at both the macro level and on the markets.
Audio recorded on 29 Nov. 2023

Eurizon Weekly 27 Nov. 2023. After rising significantly over the previous weeks, in the wake of the Fed’s announcements and of the inflation reading, the markets consolidated at the levels achieved, in waiting for further confirmative evidence from forthcoming macroeconomic data. Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team takes a closer look.
Audio recorded on 27 Nov. 2023

Eurizon Weekly 20 Nov. 2023. The US inflation reading validated the Fed’ monetary policy. On the markets, government bond yields dropped, stock indices scored gains, and the BTP-Bund spread narrowed. Italy’s sovereign rating was confirmed by Moody’s at Baa3, with an upgrading of the Outlook from negative to stable. Market focus remains on central bank decisions and on the evolution of the macro picture. Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team takes a closer look. Audio recorded on 20 Nov. 2023.

Eurizon Weekly, 13 Nov. 2023. The fight against inflation is not yet officially over, and the central banks’ future choices are still dependent on the course of macroeconomic data. Andrea Conti, Head of Eurizon’s Macro Research & Product Specialist team, takes a closer look. Audio recorded on 13 Nov. 2023.

Eurizon Weekly 6 Nov. 2023. Last week the markets found support in the Fed meeting, that confirmed the hiatus in the rate hike cycle, and in a mix of data that reported a sharper decline of inflation than expected in Europe and a slowdown of the US labour market. In Europe, in addition to confirmation from the ECB last week of the pause in the rate hike cycle, the sharp drop of inflation led to a significant decline of yields on the longer end of the curve.
Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team takes a closer look.
Audio recorded on 6 Nov. 2023.

Andrea Conti, Head of Eurizon’s Macro Research & Product Specialist team, explains the AM company’s positioning going forward, considering a scenario that combines declining inflation – but still above target – with slowing economic activity in the Eurozone, but not in the United States. The central banks have put their rate hike cycles on hold, but are set on keeping a restrictive stance in waiting for inflation to drop further. Modest impact on the markets of the geopolitical tensions in the Middle East.
Audio recorded on 26 Oct. 2023.

Eurizon Weekly 23.10.23. Markets focused on the situation in the Middle East and on macro data, that beat expectations by confirming the strength of the US economy, and cast doubts over the slowdown scenario. Stefano Cucchi, of Eurizon’s Macro Research & Product Specialist team, takes a closer look. Audio recorded on 23 Oct. 2023.