In the next few days, H2O AM will star the reimbursment phase following a partial reimbursement of the FSSSN end of december 2022, reaching the first threshold of a €250 million reduction in its nominal value
The Oil Shock Markets Refuse to Price
Markets may be under-pricing the oil shock’s macro impact. Investors are dismissing both duration and non-linearity: the longer oil prices stay elevated, the greater the cumulative drag on growth, while shocks become disproportionately more disruptive at higher price levels, with moves above $100 carrying materially larger macroeconomic consequences.