Azimut Investments - Market Insights

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.

In our previous report, we compared the market and the Fed to the hare and the tortoise, respectively The inflation data of the past two weeks seem to have proved the tortoise right.

The long-awaited, perhaps over-anticipated, start of the rate-lowering cycle will be longed for a while yet, at least in the United States. If nothing else, for good reasons.

In the last few weeks, we came across some news that passed rather unnoticed but should have actually increased the focus on fixed income liquidity and demand for bonds the two areas capturing our attention

After 2023 ended with returns that were as positive as could be hoped for at the start of the year, 2024 began with a general decline in both stocks and bonds. Given the outsized gains that all asset classes experienced in the last two months of last year, this dynamic is neither surprising nor...

Last week's central bank meetings were expected to shed light on the evolution of monetary policies in the year ahead Market expectations were high, given the extent of the rally that all asset classes have enjoyed in recent weeks Usually,

The last month has been extraordinarily positive for fixed income markets. The drop in risk-free rates, which saw a 70 bps decline in 10-year rates across all western nations, 80 bps decline of the 5-year rates on the US curve, and 60 bps on the EU and UK curves, was the main driver of the rally