Strategy Update from BNP Paribas Investment Partners

Summary ·        Limited equity market volatility despite risk events ·        Favourable PMIs, with developed markets leading emerging markets ·        OPEC deal: will oil prices rise sustainably? ·        Asset allocation: closing overweight in euro inflation-linked bonds While we Dutch are celebrating the ‘Sinterklaas’ festival today1, there has been no lack of eventful developments elsewhere lately….