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The turmoil of March may be behind us, but market signals are conflicted about what comes next. A disconnect has appeared as bond markets look to price in a recession in the US, whilst on the equity side earnings expectations still appear overly optimistic. Against this back-drop, investors are wise to keep plotting a cautious course.      Swaha Pattanaik caught up with Monica Defend, Head of Amundi Institute, after her return from the IMF Spring Meetings, to find out what the mood in Washington was like and how it compares to Amundi’s own views on the outlook for global economies over the coming months. Discover the Global Investment Views - May 2023 article:  https://research-center.amundi.com/article/global-investment-views-may-2023   -------------------------------  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 banking turmoil of the past month saw the collapse of Silicon Valley Bank in the United States and the 160-year old Credit Suisse being taken over by rival UBS. While the big market swings triggered by these events have now subsided, economic scars appear inevitable.      Swaha Pattanaik speaks to Mahmood Pradhan, Head of Global Macro Economics, to find out what has changed and why these events have tipped the balance towards a gloomier outlook in the US and a more protracted recession. They discuss what the impact on economic growth and monetary policy in the US might be and how this can have a knock-on effect on the labour market. They also turn their attention to Europe and the continued focus on the ECB’s fight against inflation. Discover the Financial stability concerns to tip the balance towards a US recession article: https://research-center.amundi.com/article/financial-stability-concerns-tip-balance-towards-us-recession Hosted on Ausha. See ausha.co/privacy-policy for more information.

Markets were shaken out of complacency in March, as the failure of Silicon Valley Bank, wiftly followed by Credit Suisse in Europe, sounded alarm bells and triggered a sudden repricing of core yields as bond volatility reached levels not seen since the Great Financial Crisis.      Prompt reaction from key central banks showed they remember the lessons of past crises, but this time added concerns over growth and inflation make the challenge they face more difficult. How much of the unease over the banking sector is justified and we looking at a repeat of the 2008 global financial crisis?     Swaha Pattanaik catches up with Monica Defend, Head of Amundi Institute, for their monthly discussion on what’s been going on in the markets. This month’s focus inevitably starts with the events of the past two weeks as we find out what this means for growth and interest rate expectations more broadly. They also explore which regions and asset classes investors should be focusing on at the moment. Discover the Global Investment Views - April 2023 article:  https://research-center.amundi.com/article/global-investment-views-april-2023  -------------------------------  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.

It’s still early in 2023, but the markets have been broadly moving higher. What’s been driving the recent rally and how strong are its foundations?     Swaha Pattanaik caught up last week with Monica Defend, Head of Amundi Institute, to take a closer look at the bond and equity markets and the reasons why investors should show caution at this time. Discover the Global Investment Views - March 2023 article:  https://research-center.amundi.com/article/global-investment-views-march-2023   -------------------------------  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.

One year after Russia’s invasion of Ukraine, the geopolitical, macroeconomic, and market fallouts continue to reverberate around the globe. Whilst these have been most apparent in Europe due to its close ties to Russia, the conflict has had ongoing implications worldwide and has put existing trade-frictions under further pressure.      Swaha Pattanaik talks to Mahmood Pradhan, head of global macroeconomics at the Amundi Institute, to discuss some of the likely developments in the conflict over the short and medium term, how Europe has been reshaped by the crisis and the wider impact on global supply chains and globalisation as a whole. Discover the A year of war in Ukraine: accelerating the energy transition and fragmentation article: https://research-center.amundi.com/article/year-war-ukraine-accelerating-energy-transition-and-fragmentation  -------------------------------  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.

Risky assets got off to a bumper start at the beginning of 2023, helped by more positive expectations for China following their reopening and hopes that the economic outlook in Europe might prove more resilient than previously thought. But how likely is it that this will last and could this be the start of a new positive cycle? Swaha Pattanaik talks to Monica Defend, Head of Amundi Institute, to look at some of the big market trends investors should be looking out for over the next few months as they try to shed some light on what might happen next. Discover the Global Investment Views - February 2023 article:  https://research-center.amundi.com/article/global-investment-views-february-2023   -------------------------------  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.

Biodiversity is all around us. It underpins not only our economy but also our very existence. Yet we are only in the early stages of understanding how essential a healthy environment is to a stable and well-functioning society. While climate change has long been capturing the headlines, the importance of biodiversity is now also coming to the fore, especially as it is recognised that climate change and biodiversity loss are inherently linked.      In this podcast, we examine why biodiversity decline represents not only a threat to our society as a whole, but also a significant risk to individual businesses. We also look at some of the obstacles that need to be overcome and the essential role investors play in encouraging action on biodiversity.  Discover the Biodiversity loss – The role of investment in protecting Earth’s crucial biodiversity articles: https://research-center.amundi.com/article/biodiversity-it-s-time-protect-our-only-home-ndeg1-it-time-sound-alarm-biodiversity https://research-center.amundi.com/article/biodiversity-it-s-time-protect-our-only-home-ndeg2-addressing-biodiversity-loss-call-action   https://research-center.amundi.com/article/esg-thema-10-there-no-place-earth-how-investors-can-address-biodiversity-loss   Hosted on Ausha. See ausha.co/privacy-policy for more information.

2022 has been a tough year for investors, as both bonds and equities experienced significant repricing as the environment of rising interest rates, persistent inflation pressures and geopolitical conflicts hit investor confidence. For bonds in particular, 2022 was their worst annual performance in a century. All this means that hopes for some respite in the near future are high. In 2023, inflation and Central Bank responses to this will continue to dominate investor agenda, alongside concerns over the energy crisis in Europe, recovery in China and global geopolitical tensions.   Swaha Pattanaik talks Monica Defend, Head of Amundi Institute, to explore some of the key themes to look out for in 2023 and whether investors finally have some reasons to be positive. Discover the 2023 Investment Outlook - Some light for investors after the storm article: https://research-center.amundi.com/article/2023-investment-outlook-some-light-investors-after-storm -------------------------------  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.

Monica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast. The significant market trends at play are addressed, along with the macro economic outlook post US CPI data publication, China’s growth outlook for 2023 and the earnings’ season results, to conclude with Amundi’s asset allocation. Discover the Global Investment Views - December 2022 article:  https://research-center.amundi.com/article/global-investment-views-december-2022    -------------------------------  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.

Monica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast.  Although the peak in US inflation is likely behind us, core inflation remains sticky. Central banks around the world seem determined to keep up the tightening pace, despite the deteriorating economic outlook. As earnings season kicks off, downward revision in the US and Europe suggest that the probability of an economic recession is on the rise. Against a backdrop of high-inflation/low-growth, where should investors turn? Discover the Global Investment Views - November 2022 article:  https://research-center.amundi.com/article/global-investment-views-november-2022        -------------------------------  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.