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 and Zouhoure Bousbih‘s podcast (in French only)

Topic of the week: China’s Stimulus: the return of the Dragon

  • The persistence of weak activity threatened the achievement of the 5% growth target;
  • The flurry of measures announced since September 24 has revived confidence in financial markets;
  • The PBOC's new tool, the facility swap provides direct support to the domestic A-share market;
  • However, volatility in Chinese stock markets remains high, reflecting dependence on the announcement of quantified fiscal stimulus;
  • The press conference of the Ministry of Finance on October 12 highlighted structural priorities, such as real estate and local government debt, which are major obstacles to Chinese growth. And that's a good point!

Market review: The reflation dilemma

  • US Ten-year note yields creep higher to 4.10 %;
  • US CPI inflation above expectations at 2.4% in September;
  • Credit and sovereign spreads weather the rebound in risk-free bond yields;
  • Equities slightly up in the US, some profit-taking on Chinese stock marlets.

Axel Botte’s and Zouhoure Bousbih‘s podcast :

  • Topic of the week – Capital Markets, Inflation and Application for US 30-year
  • Theme – Chinese stimulus, part 2

Chart of the week

india net foreign equity investment in millions of dollars

The Indian equity market experienced significant capital outflows last week, reflecting a shift in investment flows toward Chinese markets following the announcement of stimulus measures.

Since the beginning of October, over $5.66 billion have exited the Indian equity market, amounts comparable to those observed during the COVID-19 crisis and the outbreak of the war in Ukraine.

Figure of the week

75%

It’s the percentage of companies worldwide that have no women in senior executive positions!

MyStratWeekly : Market views and strategy

Download MyStratWeekly – October 15th 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

Reading time : 15 min.
INSIGHTS MARKETS
In 2023, money market funds experienced a significant increase, benefiting from a backdrop of rising interest rates and inflation. Investors are reassessing their approach to liquidity, with a 21% increase in assets under management, followed by an 11% rise in 2024. As the prospect of rate cuts looms, the sustainability of these attractive yields remains uncertain.
11/05/2024
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.
11/05/2024
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.
10/29/2024
Reserved for pros