Week of 29 June - 3 July 2026 | A record quarter for equities

In this edition of Amundi's Weekly Market Directions: 

  • Global equities closed their best quarter since late 2020. Emerging markets remain the strongest- performing area, posting their best quarter since 2009.
  • Technology and AI-related themes remained the main drivers, but momentum faded in June as investors rotated within the AI-trade and across sectors and geographies.
  • Looking ahead, we expect greater  investor scrutiny and a broader push towards diversification*. Selectivity and fundamentals should remain key.
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Monica Defend

Monica Defend

Head of Amundi Investment Institute

Diversification* is paramount as investors start to move away from overcrowded areas, taking profits and making room for new IPOs.

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 6 July 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: 6 July 2026

Doc ID: 5718736