24 JUN 2024 · Eurizon Weekly 24.06.24. Last week caution prevailed among investors, faced with a scenario marred by political uncertainty in France that is to some extent conditioning the markets in Europe, whereas in the US macro data are still proving rather solid. European spreads were stable, after rising on the political developments in France, and stayed effectively unchanged in the week. Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team reports. Audio recorded on 24 June 2024.

17 JUN 2024 · Eurizon Weekly 17 June 2024. Last week was rife with both macroeconomic and political events. In Europe, the outcome of the elections to renew the European Parliament, while leaving potential majorities shielded from major upheavals, had important repercussions at the national levels. Considerable turbulences emerged in Europe, reflected both by the stock lists, that suffered losses in the week, and by spreads. On the other hand, government bonds performed well in the week, also thanks to lower than expected inflation in the United States, with US indices scoring gains. Stefano Cucchi, of Euizon’s Macro Research & Product Specialist team, reports. Audio recorded on 17 June 2024

10 JUN 2024 · Eurizon Weekly, 7 June 2024. Last week, important political and economic events took place. In Europe, the much-anticipated ECB meeting on the one hand confirmed investor expectations by implementing an initial policy rate cut, while the new inflation forecasts prompted a partial postponement of expectations for the ensuing path of rate reductions. Also in Europe, the elections to renew the European Parliament were held over the weekend. Although the count isn’t over yet, the outcome leans towards a likely confirmation of the current parliamentary majority, as already indicated by voting intention polls. In the US, on the other hand, May data confirmed the labour market’s good state of health, easing potential pressures on the Fed to proceed with a swifter than estimated rate cut cycle. Expectations in this sense will be revised on Wednesday, in light of the May inflation reading. Andrea Conti, Head of Eurizon’s Macro Research & Product Specialist team, takes a closer look. Audio recorded on 07 June 2024.

31 MAY 2024 · The baseline scenario combines stable growth in the US and a gradual reacceleration in the Eurozone, with inflation close to the ECB’s target in the euro area, but still above the Fed’s target in the United States. Discover Eurizon’s positioning for June 2024 with Andrea Conti, Head of the Eurizon Macro Research & Product Specialist team. Audio recorded on 30 May 2024.

27 MAY 2024 · Eurizon Weekly 27 May 2024. Last week ended with weak stock indices overall and a recovery of sovereign yields on the mix of US macro data, quarterly earnings report, and central banks statements. Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team reports. Laura Dalbosco offers insight on the latest set of advance PMIs. Audio recorded on 27 May 2024.

20 MAY 2024 · Eurizon Weekly 20 May 2024. Last week investor focus was on US macro data, and in particular on the much-anticipated April inflation reading, that was in line with expectations, showing a slight decline. The stock markets benefited most, pricing in the resilience of the US economy, devoid of excessive accelerations, and a marginal stabilisation of the level of interest rates. Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team takes a closer look. Audio recorded on 20 May 2024.

13 MAY 2024 · Eurizon Weekly, 13 May 2024. The stock markets performed well in the course of last week, benefiting from the stabilisation of government bond yields and from the quarterly corporate earnings reports. The macro picture confirmed that the US economy, while still solid, is not heading for an overheating phase, whereas in Europe industrial output showed signs of weakness, fuelling investor expectations for the opening of the ECB’s rate cut cycle in June. Investor focus is now entirely on the US inflation reading, out on Wednesday, called to validate the soft-landing scenario priced in since the beginning of the year. Andrea Conti, Head of Eurizon’s Macro Research & Product Specialist team, takes a closer look. Audio recorded on 13 May 2024.

2 MAY 2024 · Andrea Conti, Head of Eurizon’s Macro Research & Product Specialist team, explains the AM company’s positioning for the month ahead, in light of a baseline scenario that combines stable growth in the US and a gradual reacceleration in the Eurozone. Inflation seems to be stabilising and is close to target in the Eurozone, but still above target in the US. Impact of geopolitical themes modest. Audio recorded on 30 Apr. 2024.

29 APR 2024 · Eurizon Weekly 29.04.24 The stock market recovered supported by quarterly earnings reports as well as by a macro picture still benefiting from a solid consumption trend. The re-pricing of monetary policy expectations continues Stefano Cucchi, of Eurizon’s Macro Research & Product Specialist team, takes a closer look. Laura Dalbosco, of the same team, reports on PMI indicators. Audio recorded on 29 April 2024.

22 APR 2024 · Eurizon Weekly 22.04.24. The risk of a potential escalation in the Middle East, combined with uncertainty over the future path of interest rates, in the US in particular, translated into a rather volatile week on all the major markets. Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team takes a closer look. Audio recorded on 22 Apr. 2024.