Home | Market Outlook
Amid slowing economic growth, soaring inflation and the fear of rising interest rates, investors may be taking a second look at the high valuations many digital platform and software stocks command.
Conversely, selling pressure on sovereign debt, particularly Italian, is fading. The flexibility proposed by Christine Lagarde has contributed to reducing this pressure.
April’s BoA Merrill Lynch Fund Manager survey has pointed to the weakest outlook for corporate profits since the onset of the Covid pandemic in March 2020.
Considering the scale and unexpected speed of these two headwinds it is somewhat surprising that risk markets fared as well as they did in in the first quarter.
The decline in GDP was mainly the result of the divergence between sharply rising imports due to high domestic demand on the one hand, and declining exports due to weakening foreign demand on the other.
Headwinds are intensifying against the country’s economy, casting doubt on whether the current mix of macroeconomic and public health policies can deliver the growth targeted.
Themes
Last Tweets
Book now