Last week, uncertainty rose back on the markets. The main cause was the lower than expected number of vaccines administered globally (a new guiding theme for investors), combined with concerns tied to the new restrictive measures governments may have to put in place to contain the virus.
Audio recorded on 01.02.2021

With the exception of European indices, roughly stable last week, the stock markets continued to recover. German rates were stable, and the uptrend of US rates took a breather. Focus last week was mostly on developments concerning a number of key themes.
Following Joe Biden’s inauguration, reassurances were offered by the new US Treasury Secretary and former Fed Chairwoman, Janet Yellen, that further fiscal stimulus is on its way.
On the other hand, news on the delays in the delivery of vaccine doses in Europe deserve attention
Audio recorded on 25.01.2021

The Globe, Eurizon’s view on the markets and its investment choices: February 2023.
The Globe: February 2023. With inflation on the decline again in December in the US and in the Eurozone, focus is increasingly on the macro slowdown. Data are adding credibility to the hypothesis of a soft landing, rather than a sharp slowdown of the economy (hard landing). Reacceleration of the Chinese economy confirmed, on the other hand. Find out how we are positioned for February.
Audio recorded on 30 Jan. 2023

Eurizon Weekly, a closer look at the financial markets: 23 Jan. 2023
Markets cautious in waiting to verify the actual intentions of the central banks in light of slowing macro data and the sluggish decline of inflation.
Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team takes a closer look.
Audio recorded on 23 Jan. 2023

Over the past week, caution prevailed on the markets, with investors waiting for confirmative evidence from both macro data and the corporate earnings season, that has begun in the United States. Stefano Cucchi, of Eurizon’s Macro Research team, offers his weekly analysis
Audio recorded on 18.01.2021

Twenty-Twenty-One began as 2020 ended: stock markets recovering, rates stable but slightly on the rise in the US, weaker dollar.
Investors are embracing a positive outlook for 2021, reassured by the outcome of the runoff elections in Georgia, which allowed the Democrats to take full control of Congress, as well as by the opening of the vaccination campaign. Eurizon Analysis and positioning with Andrea Conti.
Audio recorded on 11.01.2021

Eurizon’s view takes the name “The Globe”: discussing the markets means not only stacking up numbers and charts, but also – and especially – understanding the world and facts. 
Audio recorded on 17.12.2020

Marginally higher volatility, stock indices consolidating in line with highs, caution back on the government bond markets as well. The main factor in removing near term uncertainty will be verification of the actual efficacy of the anti Covid-19 vaccine, and how it will be distributed. Different picture in the medium term, with reassuringly strong monetary and policy support.
Audio recorded on 14 Dec. 2020

Distribution of the first doses of the vaccine in some countries, and the opening of negotiations on the fiscal stimulus package in the US, instilled confidence in the stock markets. Rate normalisation process under way, business confidence strong in November, with positive signals from the global manufacturing PMI index. The Eurizon Macro Research team offers its analysis.
Audio recorded on 4 Dec. 2020

December 2020: economic cycle, view and portfolios update.
Audio recorded on 25.11.2020