NK Monthly Newsletter-November 2026<\/a><\/p>\nEn octobre, la Fed, la BCE et la Banque du Japon ont maintenu leurs taux directeurs inchang\u00e9s, tout en conservant une posture prudente face \u00e0 la persistance des pressions inflationnistes et aux incertitudes g\u00e9opolitiques.<\/p>\n
Les march\u00e9s actions ont connu une rotation plut\u00f4t qu’une correction g\u00e9n\u00e9ralis\u00e9e, appelant \u00e0 une plus grande s\u00e9lectivit\u00e9 \u00e0 l’\u00e9gard des valeurs li\u00e9es \u00e0 l’intelligence artificielle.<\/p>\n
Les march\u00e9s obligataires ont affich\u00e9 des tendances contrast\u00e9es : la demande pour les obligations souveraines de haute qualit\u00e9 s’est renforc\u00e9e, tandis que les rendements fran\u00e7ais ont progress\u00e9 sur fond d’inqui\u00e9tudes budg\u00e9taires. Les niveaux de rendement actuels offrent ainsi une opportunit\u00e9 attractive de g\u00e9n\u00e9rer du portage, notamment \u00e0 travers les obligations de qualit\u00e9 investment grade<\/em>.<\/p>\nNos convictions restent inchang\u00e9es et nous continuons de privil\u00e9gier la diversification, la qualit\u00e9 et la rigueur dans notre approche des valorisations. La s\u00e9lectivit\u00e9 demeure essentielle \u00e0 l’approche de la fin de l’ann\u00e9e.<\/p>\n
Ce document est fourni \u00e0 titre informatif uniquement et refl\u00e8te les opinions et analyses de march\u00e9 de Norman K. \u00e0 la date de publication.<\/em><\/p>\nCes opinions sont susceptibles d’\u00e9voluer sans pr\u00e9avis et cette communication n’a pas vocation \u00e0 \u00eatre mise \u00e0 jour pour refl\u00e9ter les \u00e9volutions ult\u00e9rieures des march\u00e9s.<\/em><\/p>\nIl ne constitue ni un conseil en investissement, ni une analyse financi\u00e8re, ni une offre, une sollicitation ou une recommandation d’achat ou de vente d’un quelconque instrument financier.<\/em><\/p>\nToute d\u00e9cision d’investissement doit \u00eatre prise uniquement sur la base de l’\u00e9valuation personnelle de l’investisseur et, le cas \u00e9ch\u00e9ant, apr\u00e8s consultation d’un professionnel.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"✉️ Nous sommes heureux de partager notre newsletter mensuelle. \ud835\udc0d\ud835\udc28\ud835\udc2f\ud835\udc1e\ud835\udc26\ud835\udc1b\ud835\udc2b\ud835\udc1e\u2026<\/p>\n","protected":false},"author":3,"featured_media":3888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classifiee"],"acf":[],"yoast_head":"\n
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