Commentary by Monica Defend
4 themes driving markets:
- Germany's fiscal shift and the EU's defence push
- Tariffs threaten US growth more than inflation
- Trade policy uncertainty makes Fed's task harder
- China's fiscal support boosts sentiment
Monthly Market Views: April 2025
2025_04- Monthly Market Views - EN Long
Monthly Market Views: April 2025
Weekly Market Directions: Week of 7 - 11 April 2025
Diversification* in times of uncertain markets
Key takeaways:
- Uncertainty on US trade policy and its potential impact on economic activity will keep market volatility high.
- Geographical diversification* is key, while gold is also benefiting in this market environment.
- Tariffs will lead to lower growth and higher inflation. Corporate profits are likely to come under pressure.
Weekly Market Directions: Week of 7 - 11 April 2025
Global Investment Views Infographic: April 2025
Global Investment Views Infographic: April 2025
The fiscal lever returns in an uncertain global order
4 trends identified for the month ahead:
- Agility on bonds in times of uncertainty
- Focus on robust businesses
- Explore the income potential of credit
- Keep a vigilant, diversified* stance
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*Diversification does not guarantee a profit or protect against losses.
Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 08 May 2024. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results.
Date of first use: 1 July 2024
Marketing Communication