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.

Listen to Axel Botte's podcast (in French only)

Topic of the week: The Green Energy War Has Begun!

  • China has rapidly become a giant in green technology thanks to its globalized and competitive production chains, as well as strong national and international demand for sustainable technological solutions;
  • This has raised fears among Americans and Europeans, as the automotive industry is a strategic economic sector;
  • The new American trade sanctions are expected to have limited economic impact, but with a risk of distortions in the electric battery market;
  • China is following in the footsteps of Japan in the 1980s by now targeting final demand rather than exports;
  • The European Union, in trying to protect its manufacturing sector, risks penalizing other specific sectors that export to China;
  • The emerging countries that have benefited from the redirection of FDI flows to bypass tariffs could be hurt.

Market review: Market optimism collides with international tensions

  • US inflation eases to 3.4% amid disappointing retail sales;
  • Chinese data show weak domestic demand;
  • T-notes outperform Bunds;
  • Stability in sovereign and credit spreads.

Chart of the week

chart-of-the-week-21052024

Since 2020, the EU has been celebrating the European Month of Diversity every May. The European Commission annually calls on businesses and organizations to work towards diversity and inclusion in the workplace and society by organizing events and activities.

In light of this, Eurostat has recently published an infographic on employment inequalities in Europe. There is still much work to be done to reduce these inequalities. For instance, the employment rate for women is 10.2 percentage points lower than that of men. Additionally, the employment rate for foreign-born individuals is 10.8 percentage points lower than that of native-born individuals, and the employment rate for people with disabilities is 21.4 percentage points lower.

Figure of the week

300

300-billion-yuan measures taken by the PBoC in support of the real estate sector in the form of loans. Chinese authorities aim to accelerate the resolution of the real estate crisis amid trade tensions.

MyStratWeekly : Market views and strategy

Download MyStratWeekly – May 21st 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.
12/03/2024
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.
11/26/2024
Reserved for pros
Reading time : 15 min.
INSIGHTS MARKETS
Each month we share the conclusions from the monthly strategy investment committee which provides a summary of Ostrum’s views on the economy, strategy and markets.
11/19/2024
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