Market comments

The 25 bp cut was widely expected. But the ECB surprised markets by saying monetary policy is now “meaningfully less restrictive”, despite revising growth lower and seeing risks tilted to the downside, including the prevailing uncertainty about global trade.  Any boost to Euro Area growth…

Matthieu de Clermont, CIO Insurance & Regulatory Strategies, AllianzGI. The French parliament voted on Wednesday night to oust Prime Minister Michel Barnier over his proposed budget. Barnier’s resignation this morning follows snap parliamentary elections in July, which resulted in a hung parliament with no party…

Seasonality and positioning are still favourable for US equities and argue in favour of a year-end rally. Christopher Dembik, Senior Investment Strategy Adviser, Pictet Asset Management. Seasonality is historically good. The median return on the S&P 500 over the last two months of the year has…