- US policy to drive short term growth amid trade tensions.
- Central banks to balance rate cuts with inflation concerns.
- Geopolitical shifts present risks and opportunities in Asia.
- Concentration risk favours opportunities in mid-caps.
Months
January 2025
4 themes driving markets
Monthly Market Views - January 2025
4 themes driving markets
December 2024
4 themes driving markets
2024_12 - Monthly Market Views-EN Long
4 themes driving markets
- Fed to reassess policy easing speed and timing;
- New policies could stimulate short term US growth;
- Europe balancing fiscal rules with productivity investments;
- China signals expansionary measures amid tariff concerns.
September 2024
4 themes driving markets:
2024_09 - Monthly Market Views-EN Long
4 themes driving markets:
- Market movements over the summer
-
The outlook for US growth
-
An update on inflation and central bank action
-
The impact of the US elections
July 2024
4 themes driving markets:
2024_07 - Monthly Market Views-EN
4 themes driving markets:
- Multi-speed global economic growth;
-
Inflation likely to slow down;
-
Mildly asynchronous central banks;
-
Domestic politics and international geopolitics.
June 2024
4 themes driving markets:
2024_06 - Monthly Market Views-EN Long
4 themes driving markets:
- Economic outlook marginally improving;
-
Temporary divergence in central bank actions;
-
Corporate earnings in focus;
-
Geopolitical tensions to persist.
May 2024
4 themes driving markets:
2024_05 - Monthly Market Views-ENG
4 themes driving markets:
-
Fed (still) waiting on inflation
-
ECB rate cut seems at hand
-
Global growth encouraging
-
Geopolitical risk lingers