The transition phase on the markets continues, albeit without casting major doubts on the scenario, as rates have been stable for several months now. On its part, the Fed has reasserted it will remain ultra-accommodative until inflation stabilises (2023?). Higher uncertainty in the near term, when the evolution of Covid-19 infection cases and the US elections will remain decisive. Andrea Conti, Head of Eurizon’s Macro Research team, shares his views.
Audio recorded on 21 Sep. 2020

Easing volatility, which nonetheless remains higher than at the end of August, reflects a situation that is developing and hard to forecast on the markets. By contrast, the baseline still applies, with unchanged rates and dollar in line with its lows. Investors are still focusing on coronavirus cases and the measures put in place to contain them, as well as on political themes: US elections and Brexit back in the limelight.
Audio recorded on 14 Sep. 2020

This week, volatility rose back slightly, but interest rates did not move, and macro data confirmed a slow return to normal. We are experiencing phase in which the markets could potentially correct, but with no change to the elements that make up the baseline scenario. Andrea Conti, Eurizon’s Head of Macro Research, shares his analysis.
Audio recorded on 7 Sep, 2020

The stock markets performed well in August, mostly driven by US equity. Low rates, a weakening dollar, and narrowing spreads draw a positive picture of the markets overall, with macro data also lending a hand. In the next few weeks, focus will be on the evolution of the virus, as well as on the run-up to the US presidential elections.
Audio recorded on 31 August 2020

Discover the major economic news marking out the financial markets in the month of July.
Watch the video available from August 4th 2020.

The markets are preparing to take on August in a stabilisation phase in, that will probably be of help in assessing the behaviour of the variables investors are most interest in, such as the containment of the coronavirus containment and economic growth. Eurizon’s Head of Macro Research, Andrea Conti, shares his analysis and explains Eurizon’s positioning for the summer period.
Audio recorded on 28.07.2020