Outerblue

A big shake-up is under way in bonds – rising UST yields, a steepening yield curve and inflation expectations are leading markets to question whether we are facing a taper tantrum 2.0. 

-

DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi. 

Hosted on Ausha. See ausha.co/privacy-policy for more information.

If the start of 2021 led markets to question the no inflation forever mantra, the debate has been hotting up in February, with the US 10Y inflation breakeven reaching its highest level since 2014, pricing in higher inflation expectations.  

Read the full paper: https://research-center.amundi.com/page/Article/Amundi-Views/2021/03/Global-Investment-Views-March-2021

-

DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi. 

Hosted on Ausha. See ausha.co/privacy-policy for more information.

The Italian political uncertainty, the post Merkel set-up, the Next Generation EU…are shaping a new European environment.

Enrico Letta, former prime minister of Italy (2014-2015) shared his insights and analysis on the consequences of these changes.

Amundi experts, Gilles Dauphiné head of Euro Fixed Income and Sergio Bertoncini Senior Fixed Income Strategist, provided the investment implications.They were interviewed by Jean-Jacques Barberis, head of Institutional Clients and Corporate Coverage supervision of ESG business line.

--

DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi. 

Hosted on Ausha. See ausha.co/privacy-policy for more information.

Markets closed 2020 on strong footing and the recent Democratic sweep in the US makes a greater fiscal push more likely, leading us to lift our 2021 GDP growth forecast for the US to 5.2-5.7%, 1% above previous estimates. This marks a great divergence between the US and the rest of Developed markets, where we have been lowering our forecasts. 

-

DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi. 

Hosted on Ausha. See ausha.co/privacy-policy for more information.

2020 has been an unprecedented year in modern history, with the Covid-19 pandemic leading to the deepest global recession post World War II that has affected the most countries simultaneously since the 1870s (World Bank). This big shock is not going to reverse completely, and the old normal will not return as it used to be. Hopes for a fast vaccine distribution, a further fiscal push, and for decreasing geopolitical tensions are all driving the reflation narrative. 

-

DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi. 

Hosted on Ausha. See ausha.co/privacy-policy for more information.

In light of the current pandemic, Europe is progressively strengthening its geopolitical role on certain topics like climate change. But the EU has also to deal with big challenges: Brexit, coming soon, new relationships with the USA and China, digital transformation, immigration policy, and above all a huge social crisis. These issues are discussed today by Jean-Jacques Barbéris, Head of the Institutional & Corporate clients coverage and of the ESG business line, member of the Executive Committee, Enrico Letta former Prime Minister of Italy and Thomas Philippon, Professor of Finance at New York University, Stern School of Business and Administrator of the think -tank Europa Nova. 

-

DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi.

Hosted on Ausha. See ausha.co/privacy-policy for more information.

The distribution of share of national income to labour versus capital has fallen to historically low levels in several advanced economies, such as the United States and the United Kingdom. Amundi believes that the Covid-19 crisis – together with other factors – will trigger a rebalancing in favour of labour over the next two decades.

Listen to Jean-Jacques Barbéris -- Head of the Institutional and Corporate Clients Division, in charge of the ESG business line and member of the executive committee ; Pierre Blanchet – Head of Investment Intelligence – and Théophile Pouget-Abadie from the Business solutions and Innovation team, to learn more about it.

 -

DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi.

Hosted on Ausha. See ausha.co/privacy-policy for more information.

Marked by the most severe recession in modern history, 2020 was an unprecedented year. With the global pandemic continuing, we enter 2021 with a mildly positive outlook for the upcoming recovery, but with the assumption that the path to pre-crisis growth levels will be long and uncertain. Against this backdrop, investors should be ready to play rotations in their portfolios, favouring cyclical themes but also keeping a strong focus on quality. Monica Defend, Global Head of Research, gives her key takeaways of the year 2020 and assesses Amundi’s market scenario and asset allocation for 2021.

Read the full paper: https://research-center.amundi.com/article/2021-investment-outlook-market-rotations-uneven-recovery 

-

DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi.

Hosted on Ausha. See ausha.co/privacy-policy for more information.

 As the election of Joe Biden unfolds in legal challenges, Greg Valliere, Barron’s columnist, veteran non-partisan commentator on Washington developments, has provided his insights and analysis on the current outcome.

Ken Taubes US CIO, head of the Amundi investment platform, Pascal Blanque Amundi global CIO, Jean-Jacques Barberis head of Institutional Clients and Corporate Coverage supervision of ESG business line, have addressed markets and investment impacts.

--

 DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi. 

Hosted on Ausha. See ausha.co/privacy-policy for more information.

Few days left before the most divisive US presidential elections. If the polls in the US are accurate, Joe Biden will be elected the next president of the US. But as experienced in the last election, the polls could be wrong, and maybe Trump will win again. As the election grows closer, Covid-19 cases are rising in many parts of the world and is reemerging as a threat to the global economy. Investors are searching for answers on what the election will mean for the markets going forward. 

Gillian Tett, Chair of the Editorial Board and Editor-At-Large for the Financial Times in the United States provides her analysis on the forces at play and the possible outcomes and consequences. Ken Taubes, US CIO and Head of the Amundi US Investment Platform addresses the investment impacts.

This second US elections dedicated episode is hosted by Jean-Jacques Barberis:  Executive Committee Member, Head of Institutional clients and corporate coverage,  Supervision of ESG Business Line. 

-

DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi.

Hosted on Ausha. See ausha.co/privacy-policy for more information.