Episoder
-
Three factors are driving todayâs global markets; economic growth, inflation and the outlook for monetary policy. Central banks are increasingly dependent on data and inflation remains their chief cause of concern. It is becoming clear that divergences are opening up in policy and outlook in the US and in Europe. On one side a clear path has appeared, where on the other, this path is still surrounded by uncertainty.
Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, sit down to discuss how these aspects feed through to markets and investment convictions and take a closer look at the different asset classes. What do these mean for equity valuations, sectors and regional divergences? How does the higher-for-longer scenario impact the credit markets? They also take a closer look at Japan and why it has been attracting a huge amount of international interest in recent months.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
Our capital market assumption forecasts look more closely at the themes that shape the financial market landscape and aim to help steer investors over the medium to long-term. This year the publication considers how climate delays and productivity gains from artificial intelligence are likely to drive a reordering of asset class profiles and the role played by geopolitical tensions.
Swaha Pattanaik catches up with Monica Defend, Head of Amundi Investment Institute and John OâToole, Head of Multi Asset Investment Solutions, to find out whatâs changed in the assumptions since last year and how these feed into the return forecasts. They discuss our base scenario for energy transition and the impacts of artificial intelligence and how all these complex elements might influence GDP, inflation and asset class returns.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
Manglende episoder?
-
The uncertainties faced by financial markets over the recent months have been making forecasterâs lives difficult. The two big questions over growth and inflation continue to preoccupy. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss whatâs been catching their attention over the past month and how these factors are influencing projections.
Can the US economy maintain the resilience shown so far and will growth continue on an upward trend? How sticky will inflation prove to be? This month discusses how these two elements are crucial to understanding the next steps for the Federal Reserve and, consequently, market direction. It also looks at how these factors are playing out across the different regions and asset classes.
Read The Global Investment Views of the month
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
Recent weeks have seen gains in the Magnificent Seven with rallies spreading across other sectors and US and European equities setting record highs. But how much longer can the equity markets keep rising and what has been driving this climb? Giulio Lombardo and Monica Defend, Head of Amundi Investment Institute, take a closer look at the reasons behind this upsurge and whether we should expect a reversal soon. Also on an upward trajectory this month was gold. They discuss whatâs been going on.
This edition also returns to the big question for markets, interest rate cuts, and whether a summer rate cut is still on the cards for the Fed. Will other central banks follow the Fedâs lead or are they plotting their own course? This monthâs edition concludes with an update on fixed income and emerging markets, what recent moves have meant for these asset classes and where investors should be looking for opportunities.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
The last month has, to a large extent, seen a reversal in investorsâ expectations for central bank actions. This has been the hot topic for financial markets over the past few weeks as these expectations filter down into financial data and continue to drive asset prices. However signs of a slowdown are appearing. What factors will be most important to judge market direction going forward?
Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss the state of play and whether the current market sentiment has changed Amundiâs own views. They talk about whatâs driving the interest rate cuts as well as the timing and likely sizes of the cuts in the major global economies. They cover what these changes mean for Amundiâs investment convictions across asset classes and regions, and finish by discussing the FX markets and where investors could look for opportunities.
Discover the related article: click here
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
Advances in artificial intelligence have unleashed a new wave of technological revolution, one that promises a torrent of disruption across both financial markets and our daily lives. The speed of transformation has sparked widespread concern, not least about the impact it could have on jobs across a whole range of sectors.
As demand surges and generative AI is said to reach the âtipping pointâ of mainstream adoption, Swaha Pattanaik sits down with Annalisa Usardi, Senior Economist at Amundi Investment Institute, and Bastian Drut, Head of Thematic Macro Strategy at CPR Asset Management, to discuss the transformative impact of the technology and its implications for economies in the short and longer term. They take a closer look at the impact AI might have on productivity, growth and the labour markets, when and where this will most be felt, and how AI might ultimately be a positive development for addressing demographic challenges.
Click here to discover more on this topic.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
Promoting social mobility and equality of opportunity remains a pressing concern for many countries, challenging the very fabric of our society. Hence, understanding the perceptions and representations of equal opportunities is essential to catalyse collective action and support corrective measures.
A survey conducted by the OECD with the support of Amundi across 27 OECD countries delves into the perceptions and attitudes surrounding inequality and explores what truly matters for the population in the fight for equal opportunities.
In this podcast, Romina Boarini, Director of the OECD WISE Centre, reveals the surveyâs main outcomes on the different aspects of inequality, the factors that are seen as playing a major role in climbing the social ladder as well as on the role that different actors are expected to play in reducing inequality and the type of policies and actions that could be prioritised.
Read more : https://research-center.amundi.com/article/exploring-perceptions-equal-opportunity
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
We may only be a few weeks into 2024, but the markets have been anything but quiet. After a rocky period at the end of the year, bonds and equities eventually returned to positive territory in January, with the notable exception of China. Central banks remain centre stage, as markets continue to speculate over their next steps.
Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, talk over the different forecasts for the next few months and why inflation expectations might prevail over growth when it comes to the timing of interest rate cuts. They also discuss how geopolitical risks might impact some of the main economic indicators. They take a closer look at demand in US and China and the factors that are driving their respective economies. Finally, Monica explains how these factors filter through to Amundiâs current investment convictions, detailing the main views on equities, fixed income, currencies and emerging markets.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
Asia faces distinct and complex challenges when it comes to the energy transition as it looks to balance economic development with the necessity to transition to a low carbon economy. The continent is home to around 60% of the worldâs population and has significant exposure to the physical risks of climate change, seen in severe floods and heatwaves. At the same time, it also has extensive and affordable renewable energy resources, which gives the continent a unique opportunity to develop its economy using these vast resources.
In this podcast, we look at the role of investment in advancing the energy transition in Asia and talk to some of Amundiâs experts across Asia to learn more about the responsible investment trends, initiatives and policy developments happening in their regions. We also discuss some of the main challenges that need to be overcome and the trends for investors to look out for in the months ahead.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
In our last Convictions podcast of the year, Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, sat down last week to discuss whether any of the recent policy comments or economic data publications might have impacted our main calls for 2024. Are we aligned with the general consensus on when to expect interest rate cuts? What are our expectations for rates by the end of 2024? Persistent inflation levels means patience may be required.
They continue the discussions with a focus on Japan, as the country is following a different economic pathway. What are the expectations for the Bank of Japan and what might this mean for investors? The podcast finishes with a look at the themes and regions that might offer potential investment opportunities in fixed income, equities and in emerging markets over the next few months.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
A special edition of Amundiâs monthly Convictions podcast focusing on the outlook for developed markets in 2024. The theme of renewed global disorder has been a topic of conversation for some years, emerging from a convergence of ideological, economic, political and technological transitions. These transitions spread uncertainty on a global scale and have a knock-on effect on how and when policymakers react. 2024 will be a year of transition, of turning tides, in growth, inflation and monetary policy.
Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, take a closer look at Amundiâs outlook for 2024 and what this new global disorder means for markets and investments. What are the main expectations for 2024 in terms of growth across the main regions? When should we expect central banks to start cutting rates? They also discuss some of the main investment risks from the ongoing geopolitical uncertainty and its implications for asset allocation. They finish by taking broader look at some of the investment opportunities that may arise from longer term themes.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
This emerging markets outlook special edition looks ahead to 2024. While a slowdown is expected in developed markets, emerging markets (EM) are likely to prove more resilient next year with the growth premium over developed markets continuing to widen.
Swaha Pattanaik speaks to Vincent Mortier, Amundiâs Group Chief Investment Officer and Yerlan Syzdykov, Global Head of Emerging Markets at Amundi to find out whatâs in store and why 2024 is expected to be a year of two halves for emerging markets. They discuss what the forecasts might mean for EM equities, hard and local currency fixed income and FX. They take a closer look at the prospects for the Asian superpowers of China and India and consider which regions and countries might benefit or lose out amid increased global fragmentation and the critical issue of energy transition.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
Against the backdrop of recent escalation of tensions in the Middle East, Swaha Pattanaik and Monica Defend, Head of the Amundi Investment Institute, sat down earlier this week to discuss the big themes that are dominating markets. In addition to the ongoing geopolitical risks, they spoke in depth about recession concerns as well as how much they expect the U.S. and European economies to slow. This monthâs podcast finishes with a look at the outlook for fixed income and equities and some of the challenges for which investors need to watch out.
Discover more on the article:
https://research-center.amundi.com/article/global-investment-views-november-2023
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
Payment habits have evolved dramatically over the last few decades. The use of cash has been shrinking for some time, but this phenomenon was rapidly accelerated by the Covid crisis. In parallel, technological advances have seen the use of digital currencies become more popular amongst consumers and cryptocurrencies such as Bitcoin become household names. In response to this dramatic rise in the use of decentralised money, many central banks have been exploring the launch of their own central bank digital currencies (CBDC).
Join Swaha Pattanaik and Tristan Perrier, Macroeconomist & Investment Insights Specialist with the Amundi Investment Institute, as they delve into the world of CBDCs. What are they exactly and why are they being developed? They take a closer look at the development of CBDCs around the world and examine some of the risks and implications of this type of digital currency, as well as their potential benefits.
Discover CBDCs: where do the projects and debates stand? https://research-center.amundi.com/article/cbdcs-where-do-project-and-debate-stand
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
Autumn made a hasty arrival to Europe in mid-September and it was accompanied by a multitude of monetary policy meetings. The current tightening cycle has seen plenty of interest rate hikes. But this new round of meetings show how central banks appear undecided on their next steps in light of the mixed signals coming from their economies. What will this cautious stance from central banks mean for the worldâs economies?
Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, sat down earlier this week to discuss the expectations for growth in major economies in the coming months. They talk about the possible implications of the recent spike in energy prices and what we should expect for interest rate policies around the world for the rest of the year. This monthâs episode finishes with a look at the outlook for fixed income and equities and some of the challenges for which investors need to watch out.
Discover more on the article:
https://research-center.amundi.com/article/global-investment-views-october-2023
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
For many, September has a back to school feel about it after a long break and is often the chance for a bit of a refresh. This summer, markets certainly werenât on holiday, as August saw corrections and volatility, whilst there was also further softening in economic data, particularly in Europe and China.
Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, catch-up to discuss the key economic developments that emerged over the summer and the outlook for the next few months. How will policymakers react as they continue to balance fighting inflation against economic slowdown? Is the resilience seen in the US likely to continue and what are the growth and inflation expectations for the major global economies? They also examine what these forecasts would imply for portfolios across the different asset classes.
Discover more on the article:
https://research-center.amundi.com/article/global-investment-views-september-2023
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
Whilst fashion trends regularly make come-backs, revivals in economic trends are a lot less frequent. The double-digit inflation rates seen over the past two years have left many wondering whether other hallmarks of the 1970s are also due for a return and what can be learnt from previous missteps as we transition to a new economic model.
Swaha Pattanaik speaks to Tristan Perrier, Macroeconomist & Investment Insights Specialist with the Amundi Institute, as he reflects on some of the similarities and the differences between the two periods and examines some of the risks faced as policymakers try to bring inflation back to target. They also discuss how the current period of high inflation could pave the way for a transition in a new direction and look forward to what a structurally higher level of inflation could mean for monetary and fiscal policy. Finally, they review the potential long and short term investment implications of these different economic scenarios.
Discover 2020s vs 1970s: echoes, not a replay article: https://research-center.amundi.com/article/2020s-vs-1970s-echoes-not-replay
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
After months of rising rates, there could be good news for central banks as we start to see signs that inflation is finally cooling down.
Swaha Pattanaik and Monica Defend, Head of Amundi Institute, discuss the main trends impacting global monetary policy cycle, taking a closer look at the desynchronisation between Developed and Emerging Markets.
Discover the Global Investment Views - August 2023 article: https://research-center.amundi.com/article/global-investment-views-august-2023
-------------------------------
DISCLAIMER: This podcast is only for the attention of âProfessionalâ investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (âMIFIDâ), 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 by Ausha. See ausha.co/privacy-policy for more information.
-
Geopolitics has become an ever increasing concern for financial markets over the past few years. Fractures and shifts in alliances are transforming the global economy and trade relationships.
Swaha Pattanaik sits down with Anna Rosenberg, Amundiâs Head of Geopolitics, and Francesco Sandrini, Amundiâs Head of Multi-Asset Strategies to discuss whether weâve now reached a ânew normalâ and what some of the implications will be for investment flows both now and in the years ahead. They take a closer look at the pivotal relationship between the worldâs two biggest economies, the USA and China, and examine how trade has evolved, particularly in terms of exploiting natural resources. Find out which sectors and geographies will be most impacted by the evolving relationships and who will be the overall winners and losers in this geopolitical struggle.
Discover Geopolitical shifts shaping investments article: https://research-center.amundi.com/article/geopolitical-shifts-and-investment-implications
Hosted by Ausha. See ausha.co/privacy-policy for more information.
-
This monthâs episode is a special focus on the macro-economic outlook and investment themes for 2023 and beyond.
Swaha Pattanaik and Monica Defend, Head of Amundi Institute, discuss Amundiâs expectations for growth and inflation for the coming months and what this might mean for central bank monetary policy.
Monica also shares some of the things featuring on her crowded Wall of Worries this month, and talks about some of the areas and asset classes to watch in terms of investment opportunities in the rest of the year.
Hosted by Ausha. See ausha.co/privacy-policy for more information.
- Vis mere
