Les marchés financiers reprennent. Après un mois de très fortes baisses, les plans de soutien massifs mis en place par les banques centrales ont eu pour effet de doper les indices occidentaux qui ont récupéré en moyenne 2/3 des pertes. En savoir plus
A two-stage start to the year: momentum, then a reality check.
The quarter began in a constructive mood, before a geopolitical shock reshuffled the deck. In January and February, markets were mainly encouraged by the continuation of disinflation, resilient earnings, and the idea that the major central banks could remain, if not accommodative, then at least less restrictive than in 2024–2025. More info
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