August Investment Outlook

Pictet Asset Management: Corona conundrum


Luca Paolini Pictet AM

Author: Meritxell Sedo

  1. Whether the vantage point is the economy, the political landscape or Covid-19, Europe appears to be in better shape than the US
  2. EU member states’ endorsement of the Franco-German led EUR 750 billion recovery fund last month and the ECB’s continued monetary stimulus put the European economy on a much firmer footing
  3. Crucially for investors, Europe’s stock markets do not yet discount the region’s improving economic prospects