With:  Marcelo Carvalho, Head of Global Emerging Markets Research Luiz Eduardo Peixoto, Economist, Emerging Markets BNP Paribas | Global Markets (Recorded 1 February 2022)     After western Europe, central and eastern parts of the continent and Latin America are fast becoming the epicentres of Covid-19 infection, to be followed by Asia.   For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    For more information, please refer to https://markets360.bnpparibas.com   Hosted on Ausha. See ausha.co/privacy-policy for more information.

With:  Olivia Frieser, Global Head of Markets 360 Viktor Hjort, Global Head of Credit Strategy and Desk Analysts BNP Paribas | Global Markets (Recorded 25 January 2022)     The credit market has peaked, not because there will be any recession or defaults, but because of an imminent supply-demand shock.  For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    For more information, please refer to https://markets360.bnpparibas.com  Hosted on Ausha. See ausha.co/privacy-policy for more information.

With:   Olivia Frieser, Global Head of Markets 360  Trevor Allen, Sustainability Research Analyst BNP Paribas | Global Markets (Recorded 20 January 2022)       A look at how the newly proposed rules for including natural gas and nuclear power as transitional fuels could impact investments.    For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    For more information, please refer to https://markets360.bnpparibas.com  Hosted on Ausha. See ausha.co/privacy-policy for more information.

With:   Paul Hollingsworth, Chief European Economist   Amarjot Sidhu Economist, UK and Europe Andrew Schneider Senior Economist, US BNP Paribas | Global Markets (Recorded 14 January 2022)   As governments withdraw support this year, are we heading towards a fiscal cliff in advanced economies? We think not, but the answer isn’t so clear cut from the numbers. In this podcast, we discuss how to interpret the fiscal picture and the outlook for policy in 2022 across major developed markets. For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    For more information, please refer to https://markets360.bnpparibas.com   Hosted on Ausha. See ausha.co/privacy-policy for more information.

With:  Sam Lynton-Brown, CFA, Head of Global Developed Markets Strategy Ankit Gheedia, CFA, Head of Equity & Derivatives Strategy, Europe BNP Paribas London Branch | Global Markets (Recorded 13 January 2022)    We remain positive on European equities for the year ahead, with an H1 2022 target of 4700 for the SX5E index.  We think a combination of earnings revisions, bearish positioning towards European equities and attractive valuations should pave the way for a strong equity rally over coming months.      For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf     For more information, please refer to https://markets360.bnpparibas.com      Hosted on Ausha. See ausha.co/privacy-policy for more information.

With:   Olivia Frieser, Global Head of Markets 360  Luigi Speranza, Chief Global Economist   Shahid Ladha, Head of Strategy for G10 rates north America. BNP Paribas | Global Markets (Recorded 12 January 2022)        The Federal Reserve has shifted more hawkish in recent weeks – expressing concerns over high inflation and comfort over the level of employment.  We expect the Fed to lift-off in March and deliver four 25bp rate hikes in each of the next two year.  Quantitative tightening discussions are advancing. We look for the Fed to start shrinking its balance sheet in the second half of this year.  Our 2y UST yield forecasts have been raised to 1.75% at the end of the year, reflecting a faster Fed normalization path.     For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf     For more information, please refer to https://markets360.bnpparibas.com   Hosted on Ausha. See ausha.co/privacy-policy for more information.

With:  Olivia Frieser, Global Head of Markets 360 Luigi Speranza, Chief Global Economist  BNP Paribas London Branch | Global Markets  (Recorded 17 December 2021)    We discuss the outcome of the December meetings and the next likely moves of the Fed, ECB, BoE and BoJ. For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf For more information, please refer to https://markets360.bnpparibas.com Hosted on Ausha. See ausha.co/privacy-policy for more information.

With:  Luigi Speranza, Chief Global Economist  Paul Hollingsworth, Chief European Economist  BNP Paribas London Branch | Global Markets  (Recorded 9 December 2021)   Listen to our latest podcast on the final central bank meetings of 2021 and to what extent the emergence of the Omicron variant will affect decisions.  For country-specific disclaimers and legal notices please refer to: https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf     Hosted on Ausha. See ausha.co/privacy-policy for more information.

With:  Olivia Frieser,Global Head of Markets 360   Luigi Speranza, Chief Global Economist  Sam Lynton-Brown, Head of Global Developed Markets Strategy BNP Paribas London Branch | Global Markets  (Recorded 2 December 2021)  The new omicron variant is likely to be a drag on activity in the near term but does not substantially alter our positive view on the medium-term outlook for the global economy.     The variant’s impact on inflation is more ambiguous  – on balance, we think it’s more likely to push prices up than down.     We see a good chance that the ECB will postpone its decision on asset purchases beyond December.     Risk assets are unlikely to rise back to their highs in the very near term, in our view, and our worst-case scenario of a major health emergency would force a change in our developed-market strategy views covering equities, rates and FX.     That said, given the available information, we think the repricing of some markets reflects too high a probability of the worst-case, tail risk scenario unfolding. We therefore favour selectively fading recent moves.  https://bnpp.lk/0ze8Kb     Hosted on Ausha. See ausha.co/privacy-policy for more information.

Listen to our first public podcast!  (Recorded 22 November 2021)    With:  Olivia Frieser, Global Head of Markets 360   Luigi Speranza, Chief Global Economist  Marcelo Carvalho, Head of Global Emerging Markets Research   Sam Lynton-Brown, Head of Global Developed Markets Strategy BNP Paribas London Branch | Global Markets    Our Global Outlook for the year ahead:  Global growth: While many see a risk of stagflation, we are more bullish. We expect global growth to exceed both consensus expectations and its historical trend in 2022 and 2023.   Inflation and monetary policy: We expect rising underlying price pressures to pave the way for monetary policy normalisation, but do not expect financial conditions in developed-market economies to become tight. EM central banks are facing greater pressure to raise rates in their fight against inflation and we think this will weigh on growth more heavily, although we see differentiation within emerging markets. Developed-market strategy: We are positive on developed-market financial markets, expecting higher nominal and real yields, higher equity market prices and stronger high-beta currencies. We expect credit to underperform equities as the tapering of quantitative easing suggests outflows at a time when issuance remains robust, partly driven by capex.  Risks to our outlook: We will monitor the risks to inflation expectations, China’s slowdown and property market, fiscal policy in emerging markets and political events.     We wish you a successful and happy 2022.     The Markets 360 team    Hosted on Ausha. See ausha.co/privacy-policy for more information.