Every quarter, BLI – Banque de Luxembourg Investment’s fund managers analyze trends in the global economy and financial markets.
The resilience of services activities is delaying the onset of recession
Although inflation is slowing, the labour markets will need to deteriorate more significantly to reach the 2% target
The central banks seem set to continue their monetary tightening during the summer months
Stock market indices are increasingly driven upwards by a limited number of stocks that have become expensive
The outlook for the Japanese market is positive
Gold continues to resist rising real interest rates