Friday 13 November 2020
News, Investment Talks, Market News
n Q3 France posted a major surprise, with its 18.2% QoQ rise in GDP beating both consensus and our expectations, and leaving the French economy only about 4.0% below preCovid levels. But with the second wave and the new lockdown taking a toll on activity and sentiment, we now expect a new contraction of 3.3% QoQ in Q4. This will be followed by a slow and uneven recovery, which will reach full traction only from Q2 2021, when we assume restrictions will be fully lifted. In the meantime, a ‘st
H2 Investment Outlook
Markets will be tested by the temporary vs. structural inflation narratives
June FOMC Review
At its June meeting, the Fed kept the federal funds rate unchanged, in line with market expectations.