Asset Management: Monthly Letter – March 2019
Marc-Antoine Collard, Chief Economist, Head of Economic Research, Asset Management, Europe
The downbeat tone in the dataflow of late contrasts with the ascent underway in financial markets. In fact, investors will have to determine whether financial markets have yet fully discounted the extent of the weak data or whether the data will recover and align with the signal from markets. Meanwhile, the bond market remains circumspect as evidenced by the still flat US yield curve, as well as the low level of interest rates in Europe and Japan.
Read the full analysis in the Monthly Letter (PDF 307 KB)