The Sound of Finance – Details, episodes & analysis

While the European short-term outlook does not look very promising, the same can be said about the long-term prospect according to the Draghi report released last week.

Gilles Moëc, AXA Group Chief Economist and AXA IM Head of Research, has braved the 400 pages of compact macro that go with it and opens, at the end, a window on what is happening on the other side of the Atlantic with the precious contribution from Matt Pacifico, Head of US Investment Grade Research at AXA Investment Managers.

Recorded on 16 september 2024

An AXA IM podcast

Produced by Goom

Music performed by Needmospace

Musical sample : (Don't Fear) The Reaper, Blue Oyster Cult

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This marketing communication does not constitute on the part of AXA Investment Managers a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.

It has been established on the basis of data, projections, forecasts, anticipations and hypothesis which are subjective. Its analysis and conclusions are the expression of an opinion, based on available data at a specific date. All information in this document is established on data made public by official providers of economic and market statistics. AXA Investment Managers disclaims any and all liability relating to a decision based on or for reliance on this document. All exhibits included in this document, unless stated otherwise, are as of the publication date of this document.

Furthermore, due to the subjective nature of these opinions and analysis, these data, projections, forecasts, anticipations, hypothesis, etc. are not necessary used or followed by AXA IM’s portfolio management teams or its affiliates, who may act based on their own opinions. Any reproduction of this information, in whole or in part is, unless otherwise authorised by AXA IM, prohibited.

Past performance is not a guide to current or future performance, and any performance or return data displayed does not take into account commissions and costs incurred when issuing or redeeming units. References to league tables and awards are not an indicator of future performance or places in league tables or awards and should not be construed as an endorsement of any AXA IM company or their products or services. Please refer to the websites of the sponsors/issuers for information regarding the criteria on which the awards/ratings are based. The value of investments, and the income from them, can fall as well as rise and investors may not get back the amount originally invested. Exchange-rate fluctuations may also affect the value of their investment.  Due to this and the initial charge that is usually made, an investment is not usually suitable as a short term holding.

Issued in the UK by AXA Investment Managers UK Limited, which is authorised and regulated by the Financial Conduct Authority in the UK. Registered in England and Wales No: 01431068. Registered Office: 22 Bishopsgate London EC2N 4BQ. In other jurisdictions, this document is issued by AXA Investment Managers SA’s affiliates in those countries.

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In those uncertain times for France, we put our faith in two things: the Constitution and arithmetic. The combination of the two provides a good guide out of the current maze.

With a precious contribution from Gilles Guibout, Head of Equity Europe at AXA Investment Managers, who sheds light on past and likely future market reactions.

Recorded on 17 July 2024

An AXA IM podcast

Produced by Goom

Music performed by Needmospace

Musical sample : Genesis - Land of confusion

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This marketing communication does not constitute on the part of AXA Investment Managers a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.

It has been established on the basis of data, projections, forecasts, anticipations and hypothesis which are subjective. Its analysis and conclusions are the expression of an opinion, based on available data at a specific date. All information in this document is established on data made public by official providers of economic and market statistics. AXA Investment Managers disclaims any and all liability relating to a decision based on or for reliance on this document. All exhibits included in this document, unless stated otherwise, are as of the publication date of this document.

Furthermore, due to the subjective nature of these opinions and analysis, these data, projections, forecasts, anticipations, hypothesis, etc. are not necessary used or followed by AXA IM’s portfolio management teams or its affiliates, who may act based on their own opinions. Any reproduction of this information, in whole or in part is, unless otherwise authorised by AXA IM, prohibited.

Past performance is not a guide to current or future performance, and any performance or return data displayed does not take into account commissions and costs incurred when issuing or redeeming units. References to league tables and awards are not an indicator of future performance or places in league tables or awards and should not be construed as an endorsement of any AXA IM company or their products or services. Please refer to the websites of the sponsors/issuers for information regarding the criteria on which the awards/ratings are based. The value of investments, and the income from them, can fall as well as rise and investors may not get back the amount originally invested. Exchange-rate fluctuations may also affect the value of their investment.  Due to this and the initial charge that is usually made, an investment is not usually suitable as a short term holding.

Issued in the UK by AXA Investment Managers UK Limited, which is authorised and regulated by the Financial Conduct Authority in the UK. Registered in England and Wales No: 01431068. Registered Office: 22 Bishopsgate London EC2N 4BQ. In other jurisdictions, this document is issued by AXA Investment Managers SA’s affiliates in those countries.

Hosted by Ausha. See ausha.co/privacy-policy for more information.

Jim Cramer is so excited about the recent U.S. dataflow that one of Bob Marley's is not too much to bring the tension down, even though there's still "So much trouble in the world'.
Newsletter : https://www.axa-im.com/content/-/asset_publisher/alpeXKk1gk2N/content/macrocast-beyond-the-mechanical-rebound/23818
Crédits : Bob Marley & the Wailers "So much trouble in the world", Jim Cramer CNBC
Recorded on June 8th, produced by Axa

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When there is good news in Europe, and the "Next Generation" package is undoubtedly one, Gilles Moëc leaves it to Apolline Menut (Eurozone Economist at AXA IM) to announce it to you. To encourage the movement, John Lennon and Queen won't go amiss.

Newsletter : https://www.axa-im.com/content/-/asset_publisher/alpeXKk1gk2N/content/macrocast-define-big-/23818

Crédits : John Lennon "Stand by me", Queen "Don't stop be now"

Recorded on June 1st, produced by Axa

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The Franco-German "Recovery Fund" proposal is a ray of light for the post-pandemic global economy, but it's already facing opposition that could spread in the next weeks. In the Us, the negative rate debate at the Fed is rising. Fortunately, the '70s are still with us to set the economy to music.

Newsletter : https://www.axa-im.com/content/-/asset_publisher/alpeXKk1gk2N/content/macrocast-hamilton-has-not-sung-yet/23818

Crédits : Supertramp "If everyone was listening", Yes "Close to the Edge"

Recorded on May 25th, produced by Axa

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While the ECB could run out of ammunition much sooner than expected, David Page (Head of Macroeconomic Research at AXA IM) comes with good news from the UK ... About the weather

Guest : David Page, Head of Macroeconomic Research (AXA IM)

Contact : https://twitter.com/MoecGilles 

Newsletter : https://www.axa-im.com/content/-/asset_publisher/alpeXKk1gk2N/content/macrocast-big-figures-looking-smaller/23818
Credits : Jackson Browne, « Running on empty », Genesis, « Dancing with the moonlit knight »

Recorded on May 18th, produced by Axa

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The tension is rising in the UE after the GCC's ruling, as a matter of fact The Clash is (are) not far off. Further to the east, while the rebound began in March, it already appears to be fading. Aidan Yao will give us the stakes in the coming weeks for the Chinese Politburo

Invitée : Aidan Yao, Senior China/Asia Economist (AXA IM)

Newsletter : https://www.axa-im.com/content/-/asset_publisher/alpeXKk1gk2N/content/macrocast-principle-matter/23818

Crédits : The Clash "I fought the Law"

Recorded on May 11th, produced by Axa

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Embark with Gilles and The Police in a time capsule in the early 50s. A podcast whose "flexibility" will undoubtedly please Christine Lagarde.

Newsletter :  https://www.axa-im.com/content/-/asset_publisher/alpeXKk1gk2N/content/macrocast-the-limits-of-the-banking-channel/23818

Crédits : Christine Lagarde (ECB press conference 04/30/2020) / The Police "We were born in the 50's

Recorded on May 4th, produced by Axa

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As the post-confinement trajectories of European GDPs take shape, it appears increasingly likely that what started as a symmetrical shock, affecting all EU countries at the same time, is evolving towards lasting divergences. Answers with Gilles Moëc, Apolline Menut... And Lucio Dalla.

Guest : Apolline Menut

Find the Macrocast Newsletter below :

 https://www.axa-im.com/content/-/asset_publisher/alpeXKk1gk2N/content/macrocast-looking-for-more-fire-power-already/23818

Crédits : 

Lucio Dalla, Anna e Marco, Lucio Dalla, 1979 / Emmanuel Macron (https://www.facebook.com/EmmanuelMacron/videos/277645803398665/)

Recorded on 27 April, produced by Axa

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While exits from lockdown are now on the horizon in Europe, the US are facing their addiction to oil. And what if the fight against global warming was the next victim of the pandemic? Answers from Gilles Moëc, Hugo Le Damany... And Neil Young

Guest : Hugo Le Damany

Find the Macrocast newsletter below :
https://www.axa-im.com/content/-/asset_publisher/alpeXKk1gk2N/content/illusory-trade-offs/23818

Credits : 

Robert Kaplan, Balance of power, Bloomberg Markets & Finance / Neil Young, After the Gold Rush, After the Gold Rush, 1970

Recorded on 20 April 2020 Produced by AXA

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