Industry news and views from Panacea and our partners.
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BNP Paribas: View from the Markets: Earnings to the rescue!
Some investors were puzzled by the sharp drop in oil prices a few weeks ago based on a few – but at times contradictory – social media posts from President Donald Trump (which in any event were then often contradicted by the Iranians).
BNP Paribas: Quarterly Outlook - April 2026
Where now for the global economy in 2026? How are central banks responding to persistent inflationary pressures and shifting growth dynamics? What do rising bond yields mean for fixed income investors? And can equities continue to show resilience despite geopolitical uncertainty?
BNP Paribas: Five reasons to consider US short-duration high yield bonds
Short duration high yield bonds may potentially help investors navigate periods of market volatility while delivering a stable income stream.
BNP Paribas: View from the Markets: The Iran war: So, is it all over
Is the Iran war over? The answer, at least as far as the markets are concerned, depends on which index you look at. To judge by the level of equity indices and credit spreads, the answer seems to be clearly “yes”.
BNP Paribas: Q1 2026 Investment Update
The first quarter of 2026 has been dominated by a sharp escalation in geopolitical risk, fundamentally altering the macroeconomic backdrop since the end of 2025.
BNP Paribas: Decarbonisation and climate solutions providers to gain new prominence
The crisis that we’re experiencing with the conflict in the Middle East is only going to reinforce the fact that climate will remain our clients’ and our top priority,” Jane Wadia, Head of Sustainability at AXA IM Core, tells Andy Craig, Co-Head of the Investment Insights Centre.
BNP Paribas: View from the Markets: The interest rate threat
Equity markets continue to swing in reaction to US President Donald Trump’s latest social media post or interview – going one way if the news is of positive progress in negotiations (albeit denied by Iran), or the other when an escalation of the conflict seems imminent.
BNP Paribas: View from the Markets: Peace, then what?
A permanent end to the Middle East conflict, resulting from the current ceasefire, will mean the macroeconomic outlook has been shaken but not totally destabilised.
BNY: Multi-Asset Views: Everybody hurts
These are the core investment decisions from this month’s report on BNP Paribas Asset Management multi-asset investment views.
BNP Paribas: Managing multi-asset portfolios amid the volatility
The Middle East conflict and the resulting oil price surge have left the global economy – and investors – on a knife-edge. If the conflict is short-lived, the cross-asset market reaction would be to reverse the recent fall in valuations…
BNP Paribas: Portfolio maintenance in turbulent times
Since the outbreak of the Iran conflict, market losses have been limited, at least so far. But it might not take much in terms of adverse developments in the Middle East to wipe out any remaining positive year-to-date returns.
BNP Paribas: View from the Markets: It’s not just Iran
The war in Iran continues to be the most visible factor driving global equity market returns. For example, the MSCI equity index for oil exporter Norway has gained over 6% since 27 February, while Thailand, an oil importer, has seen its market fall by nearly the same amount.
BNP Paribas: Developing countries: How will they weather the energy shock?
As in 2022, the energy shock will affect emerging and developing economies. Today, as in the past, this shock is a negative-sum game between importing and exporting countries.
BNP Paribas: Oil shock means inflation and volatility
The Middle East conflict, and subsequent energy shock, risks pushing global inflation significantly higher in the coming months. That is certainly the historical lesson from other periods of conflict.
BNP Paribas: Monthly Market Views: AI disruption and dollar hedging
Despite the disruption artificial intelligence is creating across stock markets, one thing is clear – AI-driven investment spending continues to grow. Big technology companies are expected to invest up to $650 billion on computing capacity and datacentres during 2026.
BNP Paribas: Diversifying US equity exposures through small-cap companies
Investing in US companies with a small market capitalisation can provide distinct benefits over exposure to large and mid-caps: small caps are often at the forefront of innovation and in early stages of the growth cycle.
BNP Paribas: Multi-Asset Views – It’s a wild world (but a wide world)
These are the core investment decisions from this month’s report on our multi-asset investment views, by Laurent Clavel, Global Head of Multi-Asset, AXA IM Core, part of BNP Paribas AM.
BNP Paribas:View from the Markets: Not bear feeding time just yet
A shift in uncertainty relative to expectations has undermined performance in parts of the equity market since last year. However, overall market returns are healthy, and bonds are delivering.
BNP Paribas: Iran conflict: What investors need to know
The US and Israel have taken decisive military action against Iran in what appears to be a bid for regime change. The initial market response has seen higher oil prices, a slightly stronger dollar, lower equity markets, and wider credit spreads.
BNP Paribas Asset Management: Pick your poison: Geopolitics or AI
If it’s not geopolitical shocks roiling markets it is artificial intelligence, either because AI is a bubble, or because it is decidedly not but it will instead wreak havoc across business models and the labour market.
BNP Paribas Asset Management: Here come the bots
Jobs and business models are at risk from artificial intelligence disruption. That is spooking markets as it is difficult to put a valuation on companies that could be vulnerable to the onset of AI. At the same time, huge amounts of money continue to be spent on data centres and computing power.
BNP Paribas Asset Management: 2026 inflation outlook: Navigating uncertainty
The year ahead looks set for a more balanced, although not necessarily benign, inflationary backdrop, even as the full impact of the US trade tariffs has yet to materialise in prices. For investors returns are more likely to come from income carry and specific exposure to inflation risk.
BNP Paribas Asset Management: How to invest in tomorrow's four megatrends
Four clearly identifiable trends spanning the globe are shaping tomorrow’s world and with it, future opportunities for investors. Check out our infographic on these megatrends, the related investment themes and why investors should choose BNP Paribas Asset Management to gain exposure.
BNP Paribas Asset Management: What's the outlook for US high-yield bonds?
Growth forecasts for 2026 are generally being revised up for US companies as the benefits of deregulation and fiscal measures in the One Big Beautiful Bill start coming through, underpinning a still resilient setup for the high-yield fixed income market.
AXA IM: Politics, currencies and relative value
The US dollar is lower against most currencies so far this year. Some extreme commentary has dubbed it the “debasement” trade. Others say it is “sell America”.
AXA IM: In focus: Active and ESG ETF rebound towards year end
Daniel Dornel, Head of ETF Research, and Chief Market Strategist Daniel Morris discuss the latest trends in investing using exchange-traded funds (ETFs). They focus on the record flows into active EFTs and the growing number of product launches.
AXA IM: Electrification and AI turbocharge clean energy outlook
Clean energy started 2026 strongly as the investment theme rides the bullish sentiment around power demand, expanding electrification and the build-out of the digital ecosystem.
AXA IM: Take Two: IMF raises global growth forecast; Japan’s bond yields jump
The International Monetary Fund revised up its 2026 global economic growth forecast and now expects 3.3% expansion, up from the 3.1% predicted in October, with the US and China – and artificial intelligence investment – underpinning much of the improvement
AXA IM: Investing in Europe's defence: Why an ETF could make sense
Europe has accelerated defence spending in response to geopolitical uncertainty. This is creating opportunities for investors across the defence sector and industries such as next-generation technology.