Is the optimism of the stock markets in April justified? Is the banking recession really behind us?
“Investors want to believe and are refocusing on economic fundamentals. Indeed, activity shows signs of resilience and rebound at the beginning of this quarter, far from the pessimistic scenario pushed by the consensus a few months ago. In this context, we expect Q1 2023 results published to be of good quality. That is why we believe that central banks will probably have to continue their restrictive anti-inflation policies until the summer, by raising their key rates further.”
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