Azimut Investments - Market Insights

The week just ended was expected to be pivotal. And so it was. But not for the reasons the market expected, namely the Fed meeting along with the new projections and dot plot. Wreaking havoc on the markets was Macron's decision to call snap elections in France in the aftermath of the European...

After two years characterized by the biggest-ever coordinated rate hike by the world's central banks, this week the ECB will be the first major central bank to start taking the opposite path

At the time of writing, 90% of developed market corporations have reported their Q1 results, generally revealing a better than expected trend in each of the 3 macro areas analyzed (USA, Europe, Japan).

After the streak of stronger than expected macroeconomic data in recent months, which showed a notable resilience of both inflation and economic growth, the financial community was anxiously awaiting the Fed meeting, fearing that it might have to abandon hopes of a rate cut in 2024 altogether.

The rise in interest rates that began this year has remained steadfast Recently several macroeconomic data as well as heightened geopolitical tensions have helped validate the scenario that central banks may have to wait to cut rates longer than previously announced.

The main event of the last three weeks was the FOMC meeting. Most of the focus was on the dot plot, mainly for 2024, as the upward surprises in inflation and economic data occurred since the previous FOMC meeting had sparked speculation that the number of expected cuts for this year could be...

In market commentary, this week has often been referred to as "central banks' week" because of the potentially far-reaching implications for markets of decisions that will be taken and messages conveyed by the Federal Reserve and, to a lesser extent, the Bank of Japan.

At the time of writing, 80% of developed market corporations have reported their Q3 results, revealing interesting divergences both regionally and across different metrics.