Entre appétit pour le risque et craintes de surchauffe
Comprendre le positionnement de nos analystes, leurs anticipations et leurs vues sur l’environnement de marché. La situation économique est résumée en trois points, le niveau de cycle économique, de valorisation et de sentiment des investisseurs.
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Les graphiques du mois :
Contraction de la croissance économique américaine.
Source : Bloomberg au 30/04/2022
Les indices PMI de l'industrie manufacturière mondiale sont restés à de bons niveaux en avril. Les mesures des États-Unis (59,7) et du Royaume-Uni (55,3) se sont renforcées, alors que les chiffres de la zone euro (55,3) et du Japon (53,4) se sont légèrement contractées.
Source: Bloomberg au 30/04/2022