After a campaign full of twists and turns, November saw the re-election of Donald Trump for a second term as US president. In this edition, we take a look at the geopolitical and economic ramifications of a new Trump presidency. Swaha Pattanaik sat down at the end of November with Anna Rosenberg, Head of Geopolitics at the Amundi Investment Institute and Paresh Upadhyaya, Director of Fixed Income and Currency Strategies, Amundi US, to discuss what lies ahead for the USA and the rest of the world.   Beyond the attention grabbing threats of tariffs, what are the realistic expectations for trade policy and how is China likely to react? How might Trump’s second term differ from his first and what clues can we gain from his cabinet and staff appointments? Our experts examine these questions and what this might mean for the US economy in terms of inflation and interest rates and where we might expect surprises. Hosted by Ausha. See ausha.co/privacy-policy for more information.

In the past few weeks, economists have been busy writing their predications for what might lie ahead of us in the next 12 months. This year, the task was made harder by the US elections, the strong chance of a shift in policy, and the potential spill over to other regions.   Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss what has been happening in the markets as they ride the “Trump wave”, and whether we can expect this to continue. What will be the consequences for Europe and China if a new round of tariffs are implemented, and are we going to see a return to the currencies wars of 2010? Hosted by Ausha. See ausha.co/privacy-policy for more information.

This episode returns to the topic of artificial intelligence. Since we last covered this topic earlier in the year, there have been even more advances in what generative AI can do and ever increasing interest in how AI can be used across the corporate value chain.   Swaha Pattanaik is joined by Ben Lucas, Chief Executive Officer of Amundi Technology, to talk all about how AI has been shaking up the corporate landscape. They dig into whether there’s been a shift in sentiment towards AI, particularly on how long it will take to see return on investment. They also discuss the impacts across society from us as individuals right up to the role of governments. What are the risks to consider and the geopolitical challenges? To conclude, they look at what we should expect in the next wave of developments. Hosted by Ausha. See ausha.co/privacy-policy for more information.

Stewardship activities, like engagement and voting, are increasingly seen as effective tools for promoting corporate accountability, enhancing long-term value, and driving sustainability. In the first episode of our engaging five-part series on Shareholder Stewardship, Caroline Le Meaux, Global Head of ESG Research, Engagement, and Voting, and Andriy Boychuk, Head of EM Research, delve into the crucial role of shareholder stewardship in advancing corporate sustainability through proactive engagement with issuers and responsible voting at annual general meetings. They provide a comprehensive understanding of why active stewardship is essential for ensuring long-term resilience and sustainable returns. Additionally, they also share best practices by highlighting real-world case studies from interactions with issuers and review the outcomes of Amundi’s 2023 engagement and voting season. Hosted by Ausha. See ausha.co/privacy-policy for more information.

After many months of build-up and speculation, the 2024 US election is almost here. Over the past few weeks, financial markets have become increasingly focused on the candidate’s platforms and what these might imply for the economy and markets. How could markets react to Trump and Harris’ different proposals on taxation, trade and immigration? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, sit down for their regular catch-up and examine the different policies, how these are driving markets and what investors should look out for once the winner is announced.   Further afield, this edition also considers the different impacts the US election results may have on the rest of the world, particularly China, especially if the new president announces a new wave of tariffs. Will China’s recent policy shift committing to fiscal and monetary stimulus reverse their economic slowdown and how will this play out in the markets? Hosted by Ausha. See ausha.co/privacy-policy for more information.

Focus over the past month has been fixed on central bank policy, most particularly on the Federal Reserve. Their September meeting finally brought the Fed’s first rate cut in four years. What are the core points for investors to note? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, unpack all the elements to look at the data, the market expectations, the surprises, and what might be next for the other central banks.   The episode continues with a review of the movements in the equity markets as we continue to see large divergences in valuations. We also turn to China, as markets anticipate it might emerge from a period of gloom with a new fiscal stimulus package that could be a gamechanger. Finally, we look at the bond markets and how the differences in this economic cycle requires a flexible approach to fixed income. Hosted by Ausha. See ausha.co/privacy-policy for more information.

This August financial markets went on a rollercoaster ride. Stock markets started the month with huge declines and soaring volatility, before recovering towards month end. What lessons should investors take away from this summer’s events, as the market jitters continue into September? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, catch us up on recent events and discuss what might be in store in the jam-packed end to year.   They take a closer look at some of the factors driving markets as the importance of fundamentals is back in focus. Finally, Monica shares our views on the major bond, equity and foreign exchange markets and explains why our growth and inflation projections remain unchanged. Discover the article : https://research-center.amundi.com/article/global-investment-views-september-2024 Hosted by Ausha. See ausha.co/privacy-policy for more information.

A lot has happened in global economies, markets and geopolitics in the last six months. This outlook special looks back at what has happened in 2024 to date, how this has impacted markets, and what we should expect for the second half of the year. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss why they think the current environment really is “all about confidence”. Uncertainty looks set to continue and the major global economies and regions are likely to remain on different growth paths. In this environment, Monica explains what the next developments could mean for investment, and why investors should be focusing on selectivity and solid convictions to build resilient portfolios. They also discuss which geopolitical risk factors we are particularly focused on for investing in both the short- and medium-term. Hosted by Ausha. See ausha.co/privacy-policy for more information.

It’s been a busy month for central bank interest rate decisions, but while the European Central Bank, the Bank of Canada and Swiss National Bank have chosen to cut rates, the Federal Reserve is still pondering the timing of its next move. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, catch-up to discuss the latest indications from policymakers, particularly following this week’s ECB Sintra Forum. They also look at how much domestic politics have been driving financial markets following the results of the elections in Europe, and as we wait the final outcome in France and the UK.   As approaches to monetary policy continue to divergence on each side of the Atlantic and the geopolitical environments remain uncertain, they examine how all these events feed through into our investment convictions. Discover our main views on the different asset classes and regions and the key themes to look out for this month. Hosted by Ausha. See ausha.co/privacy-policy for more information.

Three factors are driving today’s 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.