Economic conditions are benign and still mildly supportive for risk assets. In the meantime, we believe investors should focus on quality and an efficient use of hedging strategies to help to mitigate market risks.
BLANQUE Pascal - CIO Amundi
US proposed tax cuts in its impacts on Corporate profits
The US president has just announced its eagerly awaited tax reform. Since American stocks have become very expensive, we have focused on what could impact the earnings of listed companies. Given the importance of Wall Street for the other market places, this is more than just an US issue. At first glance, lowering corporate taxes from 35% to 20% should boost profits.