Cookie Settings
Picture
Contatti
Picture

A stony path to normality

In breve

Global growth met a speed bump over summer, with new Covid worries and China’s regulatory clampdown still weighing on the outlook. Yet the recovery will not run off the rails. Policymakers will tread cautiously in removing accommodation, while low real yields and solid expansion remain positive for risky assets. We maintain a prudent pro-risk bias, but acknowledge a higher risk of setbacks at this stage of the cycle – with a particular attention to the US debt ceiling in the coming weeks.

Highlights:

  • Toppish data, rising Covid worries and China’s regulatory clampdown are weighing on the outlook.
  • Yet the recovery will not run off the rails and policy makers will tread cautiously in removing accommodation.
  • Low real yields and solid expansion still leave risky assets with legs, while rates will creep higher only sluggishly.
  • We maintain a prudent pro-risk bias, but acknowledge a higher risk of setbacks in the more mature phase of the cycle.

Read the full publication below

Market Perspectives | A stony path to normality
Competenze
Investimenti Responsabili
Insights
Chi Siamo
Contatti
Picture
Picture

© Generali Investments, tutti i diritti riservati. Questo sito web è fornito da Generali Investments Holding S.p.A. in qualità di holding delle principali società di gestione del risparmio del Gruppo Generali che detengono, direttamente o indirettamente, la maggioranza delle partecipazioni nelle società sotto elencate (di seguito, congiuntamente, "Generali Investments"). Questo sito web può contenere informazioni relative all'attività delle seguenti società: Generali Asset Management S.p.A. Società di gestione del risparmio, Infranity, Sycomore Asset Management, Aperture Investors LLC (inclusa Aperture Investors UK Ltd), Plenisfer Investments S.p.A. Società di gestione del risparmio, Lumyna Investments Limited, Sosteneo S. p.A. Società di gestione del risparmio, Generali Real Estate S.p.A. Società di gestione del risparmio, Conning* e tra le sue controllate Global Evolution Asset Management A/S - incluse Global Evolution USA, LLC e Global Evolution Fund Management Singapore Pte. Ltd - Octagon Credit Investors, LLC, Pearlmark Real Estate, LLC e Generali Investments CEE. *Comprende Conning, Inc., Conning Asset Management Limited, Conning Asia Pacific Limited, Conning Investment Products, Inc. e Goodwin Capital Advisers, Inc. (collettivamente, "Conning").

Note Legali
Informativa Sui Cookie
Informativa Sulla Privacy
Termini e Condizioni
Copyright
Glossario