Investment Institute
Monthly Market Update

June Monthly Investment Strategy - The times they are a-changin’

KEY POINTS
We billed 2024 as the great election year and so it is proving. Mexican, Indian and South African elections all delivered widely expected outcomes, but with twists that led to sharp market reactions.
European Parliamentary elections also delivered broadly as anticipated, but also resulted in a shock French election (30 June/7July) which has weighed on European markets. US elections will come into more focus after the 27 June TV debates.
The UK’s election on 4 July looks set to deliver a comfortable-to-large majority for centrism, in a move that asks if the UK is past peak populism.
Public finances are the near-term concern, stretched in most developed economies with risks of further widening in France and the US.
Central banks remain the guardians of the economy. The ECB and BoC have already eased policy; the Fed and BoE look soon to follow.

Related Materials

Full June 2024 Monthly Investment Strategy
Download June Macro Monthly (605.81 KB)
Investment Institute

Our experts and investment teams outline their key convictions.

Visit the Investment Institute
September Op-ed - Life after the Bang
Macroeconomics

September Op-ed - Life after the Bang

Investment Institute
September Monthly Investment Strategy - The sum of all fears
Macroeconomics

September Monthly Investment Strategy - The sum of all fears

  • by David Page, Hugo Le Damany, and others
  • 25 September 2024 (10 min read)
Investment Institute
July Op-Ed - Reconvergence
Macroeconomics Monthly Market Update

July Op-Ed - Reconvergence

Investment Institute

    Disclaimer

    This website is published by AXA Investment Managers Asia (Singapore) Ltd. (Registration No. 199001714W) for general circulation and informational purposes only. It does not constitute investment research or financial analysis relating to transactions in financial instruments, nor does it constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities. It has been prepared without taking into account the specific personal circumstances, investment objectives, financial situation or particular needs of any particular person and may be subject to change without notice. Please consult your financial or other professional advisers before making any investment decision.

    Due to its simplification, this publication is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this publication is provided based on our state of knowledge at the time of creation of this publication. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

    All investment involves risk, including the loss of capital. The value of investments and the income from them can fluctuate and investors may not get back the amount originally invested. Past performance is not necessarily indicative of future performance.

    Some of the Services and/or products may not be available for offer to retail investors.

    This publication has not been reviewed by the Monetary Authority of Singapore.