Investors patience rewarded

Summary

European equity markets fully recovered the losses of 2022 and are back at new highs.
Economic activity data shows signs of improvement in an overall still weak environment.
The ECB should start to cut rates later in May, favouring a return of interest to Europe and potentially to small caps.

Actionable ideas

Explore opportunities in European equity
After the recent rise and given the still weak growth outlook, investors should focus on more resilient companies which offer appealing valuations.
Start to look at European small cap for later opportunities
Small and medium capitalization stocks are more cyclical in nature. Further improvements in the economic cycle later in the year when the ECB will cut rates could favour a return of interest in this segment.

Key dates

27 February

Japan Inflation
(CPI Nationwide)

28 February

US GDP, EU
Consumer Confidence

1 March

Eurozone Inflation &
Unemployment rate,
China PMI

Read the full article on the Amundi Research Center

Investors patience rewarded

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Investors patience rewarded

Summary

Actionable ideas

Key dates

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Read the full article on the Amundi Research Center

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