Global macro conditions remained broadly constructive in February, although the backdrop was increasingly shaped by policy uncertainty and a more uneven regional growth mix.

Market dynamics continue to be dominated by geopolitical developments and the evolution of the conflict in the Middle East, primarily via its impact on oil prices.

Financial markets have entered a phase where geopolitics, commodities and monetary policy are interacting more directly than at any point in recent years.

European equities have fallen significantly since our last Equity Committee held on 10 February.

As the war in the Middle East enters its third week, investor attention will remain firmly on the Strait of Hormuz and its implications for global energy flows.

The war in the Middle East will dominate investor attention, as energy price dynamics will shape the outlook for inflation, growth and policy responses.

Explore el enfoque disciplinado de Candriam a la inversión en deuda corporativa. Descubra cómo el análisis de emisores, la integración de criterios ESG y la visibilidad de los riesgos contribuyen a capear la volatilidad y estructurar carteras de renta fija resilientes.

¿Por qué estamos forjando compromisos con empresas en sus cadenas de suministro? Las cadenas de suministro de estas empresas tienen elementos únicos y de alto riesgo. Estos aspectos fueron el objeto de nuestra campaña de compromiso más amplia en las cadenas de suministro en general.