News

The month of March brought with it a mix of uncertainty, volatility and mixed signals from major financial markets. The common thread? Pressure, geopolitics, inflation, divergent economic policies, and investor reactions contributed to a challenging environment where caution and selectivity became watchwords. Global scenario: instability and divergence In the United States, the new wave of tariffs imposed by the Trump Administration has triggered a correction in stock markets and fueled fears about inflation, now at 5%. The labor market shows signs of slowing, while the administration has initiated structural reform with the creation of the D.O.G.E., a task force [...]

The month of February 2025 ended with mixed signals in global markets, amidst economic uncertainty in the United States, Europe’s resilience, and the evolution of monetary policies by major central banks. The balance between inflation, economic growth, and geopolitical tensions defined the investment landscape. Macroeconomic scenario and political developments The Trump administration continued its protectionist economic agenda, intensifying tensions with China and the European Union. New tariffs imposed on Asian technology products fueled market volatility, negatively impacting semiconductor sector stocks. Additionally, the strengthening of anti-immigration measures and uncertainties surrounding U.S. fiscal policies affected investor confidence. In Europe, the EU [...]

The first month of 2025 confirmed the importance of politics and global macroeconomic dynamics in influencing financial markets. Donald Trump's inauguration at the White House, the return of the tariff war, and uncertainties regarding monetary policies contributed to a start of the year characterized by strong market fluctuations. Trump's return and market reactions The election of Donald Trump as the 47th President of the United States immediately triggered reactions in global markets. The administration's statements regarding the introduction of new tariffs on China, Canada, and Mexico raised concerns about inflation and potential repercussions on economic growth. The "Make America [...]

The year 2024 comes to a close as one marked by complex challenges and diverse dynamics, testing the resilience of global financial markets and the adaptability of economic operators. In an environment of growing uncertainty, investors have had to constantly recalibrate their strategies to navigate often conflicting economic, political, and social forces. Central banks have played a crucial role, while geopolitical factors—such as the ongoing war in Ukraine, tensions in the Middle East, and Donald Trump’s return to the U.S. presidency—have added further uncertainty, increasing the risk of renewed protectionist policies. However, certain assets and sectors have outperformed: U.S. [...]

Donald Trump is once again President of the United States after his defeat in 2020, despite challenges related to his political legacy and ongoing legal controversies. His campaign effectively capitalized on widespread dissatisfaction with the Biden administration, particularly on economic issues. His victory has not only strengthened his grip on the Republican Party but has also marked a realignment in U.S. politics. Trump’s election immediately triggered an average rise in U.S. stock prices, while major international markets experienced a contraction. European indices, in particular, showed a negative performance. Among the main beneficiaries of this trend were U.S. mid and [...]

October 2024 witnessed an overall positive performance in global financial markets, driven by accommodative monetary policies and a gradual improvement in investor sentiment. Recent decisions by major central banks, coupled with a stable geopolitical backdrop, contributed to a favorable environment for risk assets, despite lingering macroeconomic risks. Equity Markets Global equity markets continued their recovery trend initiated in September, buoyed by growing optimism around a potential "soft landing" for the U.S. economy and encouraging macroeconomic prospects. The MSCI World Index recorded a monthly increase of 2.4%, led by the technology, consumer discretionary, and industrial sectors. In the United States, [...]