Read our market review and find out all about our theme of the week in MyStratWeekly and its podcast with our experts Axel Botte, Aline Goupil-Raguénès and Zouhoure Bousbih.

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Topic of the week: China has crossed the threshold of sophistication !

  • China is the world’s largest manufacturing powerhouse;
  • However, it is in sophisticated and technological products that China has become competitive;
  • China gained market share in the automotive sector, including electric vehicles;
  • This is thanks in particular to the integration of ASEAN in its value chain;
  • Labor-intensive production chains are moving out of China to ASEAN, while high value-added chains remain in China;
  • China continues to strengthen its integration into the global value chain by expanding free trade agreements.

Market review: About-face

  • Central banks ever more cautious about inflation;
  • Yield curves flatten as T-note hovers about 4.30%;
  • Nvidia earnings spark new equity strength;
  • Market environment still supportive of risky assets..

Axel Botte's and Zouhoure Bousbih's podcast

  • Topic of the week: Rates, equities and credit in the euro area
  • Theme: China’s Industrial Policy: Upscaling

Chart of the week

japan-nikkei-225

The Nikkei 225 index closed on Thursday at 39,098.68 points, up 2.2%. This is a historic record which finally erases the peak of the speculative bubble recorded at the end of 1989.

Japanese growth in the 1980s had generated excessive expectations regarding the value of securities. The bursting of this speculative bubble, stock market but especially real estate, is the trigger for the long period of stagnation which has marked Japan since the mid-1990s.

This stock market signal perhaps validates the end of purgatory for the Japanese economy.

Figure of the week

This is the number of Fed rate cuts now anticipated by the markets. These three or four gestures compare to almost seven reductions planned on January 12 by the money markets.

MyStratWeekly : Market views and strategy

Download Download MyStratWeekly – February 27th 2024
  • Axel Botte

    Axel Botte

    Head of markets strategy

  • Zouhoure Bousbih

    Zouhoure Bousbih

    Emerging countries strategist

  • Aline Goupil-Raguénès

    Aline Goupil-Raguénès

    Developed countries strategist

Podcast
Reading time : 30 min.
NEWS MARKETS
Read our market review and find out all about our theme of the week in MyStratWeekly and its podcast with our experts Axel Botte, Aline Goupil-Raguénès and Zouhoure Bousbih.
04/09/2024
Reserved for pros
Podcast
Reading time : 30 min.
NEWS MARKETS
Read our market review and find out all about our theme of the week in MyStratWeekly and its podcast with our experts Axel Botte, Aline Goupil-Raguénès and Zouhoure Bousbih.
04/02/2024
Reserved for pros
Reading time : 15 min.
INSIGHTS MARKETS
Since Mr. Simsek’s appointment as Finance Minister in June 2023, Turkey has returned to orthodoxy policy, initiating a rebalancing of its economy. The sentiment towards the country has significantly improved. Fitch has upgraded Turkey’s rating by a notch to “B+” with a positive outlook. The upcoming municipal elections on March 31 will be decisive for Erdogan’s political future and for Turkey’s economic prospects.
03/26/2024