The Globe: Outlook for 2023. The new year should bring declining inflation and to a simultaneous slowdown in growth. Under the baseline scenario, the central banks are expected to complete their tightening cycles in the opening quarter of the year and then have a free hand in containing the slowdown of growth. As previously mentioned, in this context medium and long-term rates should stabilise, if not drop back. Easing pessimism could support stocks in the immediate term, but the recovery will in any case have to be validated by the resilience of the economic cycle.
Audio recorded on 20 Dec. 2022

Eurizon Weekly 12 Dec. 2022.
Stable yields and stock indices on the decline last week, as the market lies in wait.
Stefano Cucchi, of the Eurizon Macro Research & Product Specialist team takes a closer look.
Audio recorded on 12 Dec. 2022

The Globe: December 2022. The baseline scenario contemplates the progressive easing of inflation and a simultaneous macroeconomic slowdown. The central banks are expected to slow the pace of the monetary tightening and to end the hike cycle in the opening months of 2023. In this context, medium and long-term rates should stabilise, if not drop back. Easing pessimism may support stocks in the immediate term, but the recovery will depend on the resilience of the economic cycle.
Audio recorded on 30 Nov. 2022

Eurizon Weekly 28 Nov. 22. Moderately bullish tones prevailed last week, with by long-term rates on the decline and positive stock market performances, with contained movements in waiting for further clarifications from the central banks. Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team takes a closer look.
Audio recorded on 28 Nov. 2022

Eurizon Weekly 21 Nov. 2022. Interlocutory week, characterised by little changed yields and stock indices, with investors waiting for further confirmative evidence of the inflation dynamic, and of a potential easing of the restrictive policies being implemented by the central banks. Stefano Cucchi, of the #Eurizon Macro Research & Product Specialist team Eurizon, takes a closer look.
Audio recorded on 21 Nov. 2022

Eurizon Weekly, 14.11.2022. The markets switched to risk-on mode last week, with rates on the decline and the stock markets recovering , in the wake of the US inflation reading, that showed initial sigs of a slowdown, with both the headline and core indices beating forecasts on the downside.
Andrea Conti, Head of Eurizon’s Macro Research & Product Specialist team, takes a closer look.
Audio recorded on 14 Nov. 2022

In the course of the week, government bonds rose back up, helped by the ECB and Fed meetings, that provided no details of a potential slowing of the tightening cycle. Positive week on the stock markets, although focus is now on US inflation, forecast to slow, while in Europe inflation is up to record highs.
Stefano Cucchi, of the Eurizon Macro Research & Product Specialist team, takes a closer look.

Audio recorded on 7 Nov. 2022

The Globe: November 2022. The AM company’s positioning faced with a scenario in which the downward revision of economic growth forecasts continues, as the monetary restriction process advances. In this context, medium and long-term rates should stabilise, if not pull back, whereas uncertainty on the resilience of the cycle could hinder the recovery of the risk assets.
Audio recorded on 26 Oct.2022

After the uptrend observed over previous weeks, the US government bond rate market seems to be pricing in again a slowdown in the Fed’s tightening cycle, following rumours of a possible moderation in the pace of the central bank’s rate hikes. The slowdown in US yields, combined with the positive indications of the earnings reporting season and favourable news on the energy crisis, is supporting stock indices.
Stefano Cucchi of the Eurizon Macro Research & Product Specialist team, takes a closer look.
Audio recorded on 24 Oct. 2022

Eurizon Weekly, 17 Oct. 2022. Yields on the rise in the week, with inflation beating expectations again. The Stock markets weak in waiting for clarifications on the dynamic of interest rates and of the 3Q earnings reporting season. In Europe, the debate continues on the energy crisis, in China, it is time to decide on Xi’s third mandate. Andrea Conti, Head of Eurizon's Macro Research & Product Specialist team, takes a closer look.
Audio recorded on 17 Oct. 2022