Azimut Investments - Market Insights

At the time of this writing, over 70% of developed markets companies have reported their Q1 results.

Financial markets have experienced another wild ride over the past two weeks, still heavily impacted by Trump's actions.

As anticipated in the last commentary, April 2nd unfortunately did not mark a “Liberation Day” from the pervasive and frustrating uncertainty caused by Trump's tariff saga.

Today is April 2 - the most anxiously awaited day of the year. In Trump's words, it is "Liberation Day." Unfortunately, if history is any guide, it will not be the day we are finally freed from the pervasive and frustrating uncertainty that has characterized the beginning of 2025

In recent weeks, there has been a significant decline in the US markets, with the main indices entering a correction, i.e.: falling by more than 10% from their highs. The decline was primarily driven by the very companies that had led the rally in previous months.

According to preliminary official results, the conservative CDU/CSU coalition emerged as a winner from the German federal elections held on February 23rd, securing 28.6% of total votes. Other major parties performed broadly in line with pre-election polls: AfD garnered 20.6%, SPD 16.5%, and the...

Overall, the reporting season was strong, with Japanese companies delivering the largest beats versus expectations, with EPS rising 21% year-over-year.

The prediction in the annual outlook that 2025 would be a more volatile year, mainly because of Trump, was an easy one and unfortunately spot-on.