^{Following a challenging 2022 which saw volatile equity markets and rising interest rates, 2023 is raising questions for investors. In an adjusting market, caution remains the order of the day as we await future opportunities depending on the evolution of the central banks’ monetary policy. Which stocks should be favoured and what are the most promising themes in this context of high inflation - or even recession? What can we expect on European, American and Chinese markets in view of the recent geopolitical developments?}

Analysis by Nicolas Gazin, Global Head of Equity Solutions - CA Indosuez Wealth (Asset Management).