Market Comment

1 March 2024

In February 2024, global inflation remained on its downward trend, even though the Fed's preferred metric (Core PCE Deflator) is re-accelerating upwards on a monthly basis.
The rise in long-term rates had absolutely no impact on equity markets. Meanwhile, investors preferred to focus on better-than-expected corporate earnings.

Read more in our monthly market comment by our CIO, Guillaume DUPIN.