THE RALLY’S DERAILMENT?
Edito Markets fell slightly over the weekend, despite better than expected results for S & P 500 companies in Q1 and due to increasingly mixed macroeconomic news, especially for the eurozone. The decline in leading indicators (PMI, IFO , household confidence) has already led to a change in the ECB's position. However, a sharp rise in oil prices bodes a potential return of inflationary pressures and thus the prospect of a more difficult choice for central bankers. However, changing monetary policies towards a more accommodating bias has been the crucial factor in maintaining the risk-on sentiment of the markets. Is it still possible to prolong the optimism of investors?