April's Market Outlook

Increasingly stable macro fundamentals, the agreement to unlock the Greek bailout and the liquidity framework that the main central banks have continued to build have helped ease pressure on the bulk of financial variables.

Short-term vigilance of geopolitical risks - including the institutional arena in Europe, election campaigns and tensions in the Middle East - is obligatory.

The environment is starting to become more constructive for a gradual transition from credit assets to equities.

For April's Market Outlook, please click here.