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#Market Strategy — 10.04.2019

Our investment strategy recommendations for April by Florent Brones

Florent Bronès

After the strong market rally in the first quarter, we recommend some profit-taking and we take a neutral stance on equity markets in the short term.

We have lowered our economic growth and inflation targets. Central banks will remain accommodative for longer than initially expected. No rise in official rates in the United States and the eurozone this year. We are also revising downward our targets for bond yields to 2.7% for the US 10-year (instead of 3.25%) and to 0.30% for the German 10-year (instead of 0.75%)

Florent Brones

Chief Investment Officer
BNP Paribas Wealth Management