Amundi’s Global Investment Views (October 2025) examines monetary policy divergence, slowing consumption, and elevated market valuations.
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The U.S. tilts toward stagflation, with softer labor markets and sticky inflation; Fed expected to deliver two more cuts this year and two in 2026, reaching ~3.25%.
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The ECB lags the Fed, risking over-caution as U.S. tariffs weigh on European exports; meanwhile, German fiscal expansion may offer selective support.
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Amundi favors European mid-caps, UK value, and Japanese reforms, while urging caution on U.S. tech exuberance and maintaining hedges via gold.
How should investors position across regions as monetary easing collides with elevated valuations? Explore the full report for deeper insights.
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