Natixis - Les raisons pour être maintenant optimiste pour le marché des actions européennes

Report

Natixis

Patrick Artus

Les raisons pour être maintenant optimiste pour le marché des actions européennes

Le marché des actions européennes a pri s beaucoup de retard sur le marché américain , et commence juste à le rattraper. Nous pensons qu’il existe plusieurs raisons pour croire à un scénario de rattrapage clair des actions européennes : la croissance va maintenant redémarrer en Europe, avec du retard sur les États-Unis ; en rythme annuel, le plan de relance européen est de plus grande taille que le plan américain ; la reprise forte du commerce mondial va profiter à l’Europe ; la fiscalité des entreprises va devenir plus favorable en Europe qu’aux États-Unis ; les valeurs bancaires européennes, qui ont un poids important, se redressent.

05/05/2021 8 FR

Provider

Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

See profile

Analysts

Patrick Artus

Other Reports from Natixis

Eric BENOIST

Eric BENOIST

U.S. Defence Companies: ignore at your own peril…

In recent months, equity investors have increasingly turned their attention to European defence companies, driven by shifting international relations and reduced U.S. support for conflicts like Ukraine, prompting Europe to bolster its own capabilities.However, overlooking U.S. defence companies would be a misstep, as firms like Lockheed Martin, RTX, and Northrop Grumman remain global leaders, underpinned by a massive U.S. budget, unmatched technological innovation, and critical partnerships around the world…

6h 6h 1 EN

Thibaut Cuilliere

Thibaut Cuilliere

Where is the value in bank debt’s structure ?

Further h opes of de-escalating trade war between US and China, as well as the US-UK tariff deal on Autos and metals last week pushed credit spreads tighter again. AT1s were one again the outperformers (-18bp), followed by €HY (12-bp) which outperformed their $ counterparts by 3bp despite suffering from net outflows (-€45mn from EPFR) while US HY funds benefited from another week of net inflows ($1.6bn from Lipper). There is still some catch-up to do for €HY vs the iTraxx X-Over (30bp lag) and US$ HY (13bp lag) Bank Subs have more difficulty to perform (4.5bp “only”) given their rel...

12h / 21m 12h / 21m 1 EN

Jonathan PINGLE

Jonathan PINGLE

April Consumer Price Index Preview

We estimate that headline CPI rose 0. 25 % m/m (prev. - 0. 05 %) in April on a seasonally adjusted basis and that core CPI rose 0.2 6 % m/m (prev. 0. 06 %). From a year-on-year view, we forecast headline CPI slowing, rising 2. 36 % y/y (prev. 2. 39 %), and core CPI rising 2.80 % y/y (prev. 2. 79 %). While we forecast slightly below consensus price growth in April due to declines in seasonally adjusted airfares, lodging, and vehicle prices, we do expect to see the first tariff impacts in the data, namely from the February 4th China tariffs, which should show in elevated recreational ...

23h / 18m 23h / 18m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Les raisons pour être maintenant optimiste pour le marché des actions européennes

U.S. Defence Companies: ignore at your own peril…

Where is the value in bank debt’s structure ?

April Consumer Price Index Preview

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe