After the successive shocks of the pandemic and the crisis in Ukraine, the global economy seems to be in the prelude to a change of cycle. Gonzalo de Cadenas Santiago, Director of Macroeconomic and Financial Analysis at MAPFRE Economics, highlights the main unknowns for this new period.
The markets are moving in line with the decisions taken by central banks, in the hope that the cycle of rate hikes will come to an end. MAPFRE Gestión Patrimonial analyzes the latest market movements in its monthly report for November.
Stock markets have reacted very positively to the latest lower-than-expected U.S. CPI data, and Alberto Matellán, chief economist at MAPFRE Inversión, believes that the markets can behave well until the end of the year.
The risks related to digitalization and cybersecurity for companies in the insurance sector are steadily increasing, and are already at very high levels, in the face of the sharp rise in attacks on companies in the last year.
The solvency and liquidity of the European banking sector have improved substantially in recent years, thanks to regulatory reforms following the global financial crisis. María Torres de Becerril, equity investment manager at MAPFRE AM, analyzes the outlook for the sector for 2024.
As happens every month, investors were waiting with bated breath to hear what came out of Thursday's meeting of the European Central Bank (ECB).
The Israeli-Palestinian conflict continues to condition oil prices, unlike other types of assets, which returned to normal a few days later. Intervention by other powers in the area is one of the main dangers, although this possibility is not in MGP's base scenario.
The conflict is having a limited impact on the markets and, for the time being, there are no reasons to justify a change in portfolios. Nevertheless, experts point out that investors must remain vigilant.
The Israeli-Palestinian conflict has brought with it increased risk aversion and a rise in commodities, as well as greater volatility. Alberto Matellán, chief economist at MAPFRE Inversión, says these tensions will put upward pressure on prices.