Ready for the July edition of #CoffeeBreakingNews with our Global CIO Jose Mazoy?
In this video, we explain how the global economy continues in a mid-cycle phase with balanced growth momentum. US internal demand remains solid, and Euro Zone economic reactivation seems on path.
From an asset allocation perspective, the scenario continues to be positive for risky assets with a medium to long term view. We continue to favor equities and we remain over-weight with favorable expectations on second quarter earnings as the season kicks-off.
Stay tuned for our Coffee Breaking News each month on KZfaq for more market updates.
#Markets #Economy #marketingcommunication
𝑻𝒉𝒊𝒔 𝒅𝒐𝒄𝒖𝒎𝒆𝒏𝒕 𝒉𝒂𝒔 𝒃𝒆𝒆𝒏 𝒑𝒓𝒆𝒑𝒂𝒓𝒆𝒅 𝒃𝒚 𝑺𝒂𝒏𝒕𝒂𝒏𝒅𝒆𝒓 𝑨𝒔𝒔𝒆𝒕 𝑴𝒂𝒏𝒂𝒈𝒆𝒎𝒆𝒏𝒕 (𝒉𝒆𝒓𝒆𝒊𝒏𝒂𝒇𝒕𝒆𝒓 “𝑺𝑨𝑴”). 𝑻𝒉𝒊𝒔 𝒅𝒐𝒄𝒖𝒎𝒆𝒏𝒕 𝒄𝒐𝒏𝒕𝒂𝒊𝒏𝒔 𝒆𝒄𝒐𝒏𝒐𝒎𝒊𝒄 𝒇𝒐𝒓𝒆𝒄𝒂𝒔𝒕𝒔 𝒂𝒏𝒅 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒈𝒂𝒕𝒉𝒆𝒓𝒆𝒅 𝒇𝒓𝒐𝒎 𝒔𝒆𝒗𝒆𝒓𝒂𝒍 𝒔𝒐𝒖𝒓𝒄𝒆𝒔. 𝑰𝒕 𝒅𝒐𝒆𝒔 𝒏𝒐𝒕 𝒄𝒐𝒏𝒔𝒕𝒊𝒕𝒖𝒕𝒆 𝒂𝒏 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 𝒂𝒅𝒗𝒊𝒄𝒆, 𝒂𝒏 𝒐𝒇𝒇𝒆𝒓 𝒐𝒓 𝒔𝒐𝒍𝒊𝒄𝒊𝒕𝒂𝒕𝒊𝒐𝒏 𝒕𝒐 𝒑𝒖𝒓𝒄𝒉𝒂𝒔𝒆 𝒐𝒓 𝒔𝒆𝒍𝒍 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 𝒇𝒖𝒏𝒅𝒔 𝒐𝒓 𝒐𝒕𝒉𝒆𝒓 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒑𝒓𝒐𝒅𝒖𝒄𝒕𝒔. 𝑻𝒉𝒆 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒄𝒐𝒏𝒕𝒂𝒊𝒏𝒆𝒅 𝒊𝒏 𝒕𝒉𝒊𝒔 𝒅𝒐𝒄𝒖𝒎𝒆𝒏𝒕 𝒎𝒂𝒚 𝒉𝒂𝒗𝒆 𝒂𝒍𝒔𝒐 𝒃𝒆𝒆𝒏 𝒈𝒂𝒕𝒉𝒆𝒓𝒆𝒅 𝒇𝒓𝒐𝒎 𝒕𝒉𝒊𝒓𝒅 𝒑𝒂𝒓𝒕𝒊𝒆𝒔. 𝑨𝒍𝒍 𝒕𝒉𝒆𝒔𝒆 𝒔𝒐𝒖𝒓𝒄𝒆𝒔 𝒂𝒓𝒆 𝒃𝒆𝒍𝒊𝒆𝒗𝒆𝒅 𝒕𝒐 𝒃𝒆 𝒓𝒆𝒍𝒊𝒂𝒃𝒍𝒆, 𝒂𝒍𝒕𝒉𝒐𝒖𝒈𝒉 𝒕𝒉𝒆 𝒂𝒄𝒄𝒖𝒓𝒂𝒄𝒚, 𝒄𝒐𝒎𝒑𝒍𝒆𝒕𝒆𝒏𝒆𝒔𝒔 𝒐𝒓 𝒖𝒑𝒅𝒂𝒕𝒆 𝒐𝒇 𝒕𝒉𝒊𝒔 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒊𝒔 𝒏𝒐𝒕 𝒈𝒖𝒂𝒓𝒂𝒏𝒕𝒆𝒆𝒅, 𝒆𝒊𝒕𝒉𝒆𝒓 𝒊𝒎𝒑𝒍𝒊𝒄𝒊𝒕𝒍𝒚 𝒐𝒓 𝒆𝒙𝒑𝒍𝒊𝒄𝒊𝒕𝒍𝒚, 𝒂𝒏𝒅 𝒊𝒔 𝒔𝒖𝒃𝒋𝒆𝒄𝒕 𝒕𝒐 𝒄𝒉𝒂𝒏𝒈𝒆 𝒘𝒊𝒕𝒉𝒐𝒖𝒕 𝒏𝒐𝒕𝒊𝒄𝒆. 𝑨𝒏𝒚 𝒐𝒑𝒊𝒏𝒊𝒐𝒏𝒔 𝒊𝒏𝒄𝒍𝒖𝒅𝒆𝒅 𝒊𝒏 𝒕𝒉𝒊𝒔 𝒅𝒐𝒄𝒖𝒎𝒆𝒏𝒕 𝒎𝒂𝒚 𝒏𝒐𝒕 𝒃𝒆 𝒄𝒐𝒏𝒔𝒊𝒅𝒆𝒓𝒆𝒅 𝒂𝒔 𝒊𝒓𝒓𝒆𝒇𝒖𝒕𝒂𝒃𝒍𝒆 𝒂𝒏𝒅 𝒄𝒐𝒖𝒍𝒅 𝒅𝒊𝒇𝒇𝒆𝒓 𝒐𝒓 𝒃𝒆, 𝒊𝒏 𝒂𝒏𝒚 𝒘𝒂𝒚, 𝒊𝒏𝒄𝒐𝒏𝒔𝒊𝒔𝒕𝒆𝒏𝒕 𝒐𝒓 𝒄𝒐𝒏𝒕𝒓𝒂𝒓𝒚 𝒕𝒐 𝒐𝒑𝒊𝒏𝒊𝒐𝒏𝒔 𝒆𝒙𝒑𝒓𝒆𝒔𝒔𝒆𝒅, 𝒆𝒊𝒕𝒉𝒆𝒓 𝒗𝒆𝒓𝒃𝒂𝒍𝒍𝒚 𝒐𝒓 𝒊𝒏 𝒘𝒓𝒊𝒕𝒊𝒏𝒈, 𝒂𝒅𝒗𝒊𝒄𝒆𝒔, 𝒐𝒓 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 𝒅𝒆𝒄𝒊𝒔𝒊𝒐𝒏𝒔 𝒕𝒂𝒌𝒆𝒏 𝒃𝒚 𝒐𝒕𝒉𝒆𝒓 𝒂𝒓𝒆𝒂𝒔 𝒐𝒇 𝑺𝑨𝑴. 𝑻𝒉𝒊𝒔 𝒅𝒐𝒄𝒖𝒎𝒆𝒏𝒕 𝒎𝒂𝒚 𝒏𝒐𝒕 𝒃𝒆 𝒓𝒆𝒑𝒓𝒐𝒅𝒖𝒄𝒆𝒅 𝒊𝒏 𝒘𝒉𝒐𝒍𝒆 𝒐𝒓 𝒊𝒏 𝒑𝒂𝒓𝒕, 𝒐𝒓 𝒇𝒖𝒓𝒕𝒉𝒆𝒓 𝒅𝒊𝒔𝒕𝒓𝒊𝒃𝒖𝒕𝒆𝒅, 𝒑𝒖𝒃𝒍𝒊𝒔𝒉𝒆𝒅 𝒐𝒓 𝒓𝒆𝒇𝒆𝒓𝒓𝒆𝒅 𝒕𝒐 𝒊𝒏 𝒂𝒏𝒚 𝒎𝒂𝒏𝒏𝒆𝒓 𝒘𝒉𝒂𝒕𝒔𝒐𝒆𝒗𝒆𝒓 𝒕𝒐 𝒂𝒏𝒚 𝒑𝒆𝒓𝒔𝒐𝒏, 𝒏𝒐𝒓 𝒎𝒂𝒚 𝒕𝒉𝒆 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒐𝒓 𝒐𝒑𝒊𝒏𝒊𝒐𝒏𝒔 𝒄𝒐𝒏𝒕𝒂𝒊𝒏𝒆𝒅 𝒕𝒉𝒆𝒓𝒆𝒊𝒏 𝒃𝒆 𝒓𝒆𝒇𝒆𝒓𝒓𝒆𝒅 𝒕𝒐 𝒘𝒊𝒕𝒉𝒐𝒖𝒕, 𝒊𝒏 𝒆𝒂𝒄𝒉 𝒄𝒂𝒔𝒆, 𝒕𝒉𝒆 𝒑𝒓𝒊𝒐𝒓 𝒘𝒓𝒊𝒕𝒕𝒆𝒏 𝒄𝒐𝒏𝒔𝒆𝒏𝒕 𝒐𝒇 𝑺𝑨𝑴. #𝑴𝒂𝒓𝒌𝒆𝒕𝒊𝒏𝒈𝒄𝒐𝒎𝒎𝒖𝒏𝒊𝒄𝒂𝒕𝒊𝒐𝒏