Even as the Fed is expected to hike rates in December as part of its policy normalization, a majority of ECB governing members continue supporting the bank’s asset-purchase programme. Shifting central bank dynamics will make the landscape increasingly difficult for investors to navigate says Franck Dixmier, Global Head of Fixed Income for Allianz Global Investors.
Markets cheered the prospect of an Emmanuel Macron presidency, but even if he wins, his reforms may lack parliamentary support. As a result, Franck Dixmier, Global Head of Fixed Income for Allianz Global Investors, says the risk aversion of recent weeks could last until France’s legislative elections in June.