Amundi Investor Presentation
MARKET ENVIRONMENT
After the major shock in March and the partial recovery seen since then,
markets still in wait-and-see mode
Equities:
- Persistently fragile market conditions (-2.7%
between end-June and end-September 2020
for the CAC 40, flat for the Stoxx 600) against
an uncertain macroeconomic and health
context
6500
6000
Interest rates:
- Long rates still in negative territory
Stock market trends
CAC 40 and Stoxx 600 between January 2020 and October 2020
ECB interventions
12-18 March 2020
450
400
350
5500
300
5000
250
4500
200
4000
-CAC 40
-Stoxx 600
150
3500
100
Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20
Aug-20 Sep-20 Oct-20
Trend in major interest rates between January 2020 and October 2020
10 years OAT
3m euribor
10 years Bund
Itraxx Main spread
Spreads tightened after a strong widening in
first quarter 2020
1,4
(%)
0,9
Sources: Refinitiv (formerly Reuters).
16 Amundi Investor presentation | November 2020
0,4
-0,1
-0.6
-1,1
Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20
Aug-20 Sep-20 Oct-20
Amundi
CRÉDIT AGRICOLE GROUPView entire presentation