Week of 30 March - 3 April 2026 |  Crisis highlights diversification*

In this edition of Amundi's Weekly Market Directions: 

• The Iran crisis has triggered a repricing in equities, with most regions coming under stress - US more so than others, year to date.

• Long-term, the rotation towards Europe, Japan and EM may play out in different phases and could be affected by how long energy prices remain elevated. 
 
• In our view adding multiple layers of diversification*, seeking returns across the asset class spectrum and maintaining safeguards in place may help support a more resilient portfolio.  

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Monica Defend

Monica Defend

Head of Amundi Investment Institute

So far, 2026 has been characterised by an acceleration towards a geopolitical ‘controlled disorder’, underscoring the importance of diversification*. Inflation has returned to the near-term agenda, prompting central banks to assess the situation and adopt a wait-and-see stance.

Monica Defend, Head of Amundi Investment Institute

Read the full weekly market directions

*Diversification does not guarantee a profit or protect against a loss. 

Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 7 April 2026. 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: 7 April 2026

Doc ID: 5361810