During this webinar, our experts Philippe d’Orgeval, Deputy Group Chief Investment Officer, and Monica Defend, Head of Amundi Investment Institute & Chief Strategist, moderated by Danae Quek, Senior PR Manager, explored how the latest surge in geopolitical tensions, renewed tariff threats, and mounting concerns over public finances are shaping market behaviour and influencing investor positioning.
Key convictions
- Davos underscored a structural regime shift driven by geopolitics, security priorities and rewired supply chains.
- Innovation, especially AI, is entering a capex-heavy phase, benefiting infrastructure and hardware over software.
- Europe is reinforcing strategic autonomy through new partnerships like the EU-India deal and efforts to deepen the single market.
- Markets are adjusting to the prospect of a more hawkish Fed under Kevin Warsh, whom President Donald Trump has nominated to lead the Fed. This implies tighter financial conditions and a slower pace of rate cuts.
- Commodities remain volatile, though gold continues to be supported by long-term structural demand.
- The ECB will be data-dependent, with rate cuts delayed but still expected this year.
- Diversification is essential in today’s “controlled disorder,” favouring sectors that are aligned with political and macro priorities.
- Investment convictions are focused on global equities, structural diversifiers like gold, and selective opportunities across fixed income and EM credit.
Watch the full webinar replay now at the link below
