Raiffeisen Capital Management expresses a positive outlook on Italian and French government bonds, anticipating a decline in yields, while remaining cautiously optimistic about euro investment-grade corporate bonds. The firm maintains a neutral stance on developed market equities, particularly due to uncertainties surrounding the potential impact of a new Trump presidency on emerging markets, especially China. Despite mixed signals in commodities, the overall sentiment in capital markets has been strong, supported by robust U.S. economic growth and corporate earnings.
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