MAY. 2012: market flash - "Convalescence"
Thierry Deheuvels, Deputy Managing Director, Chief Investment Officer, Oddo Asset Managementr
For the past five years following the end of the debt cycle, the developed world has faced a twin crisis on both the financial and economic fronts. These two closely interlinked crises have at certain moments had combined effects, creating phases of acute stress as systemic risks have mounted.
MAY 2012: Economy & Rates - Europe: Words but no actions
Bruno Cavalier, Head of Macroeconomy, Oddo Securities
In recent weeks, Europe has the left impression of being incapable of taking decisions but bursting with ideas. In the short term, this combination is a source of concern for investors, especially since business confidence indicators have weakened in the eurozone. The downside risks to activity have mounted at the start of this spring in Spain, Italy and France, while Germany enjoys the benefit of the doubt..
Read the full study on Oddo Securities Research website.