(MT Newswires) -- The CEO of Algebris Investments, Davide Serra, shares his outlook for the financial markets. He talks about market concerns over oil prices and its potential effect on international trade. He adds that investors are underestimating the risk of sustained inflation in 2024. He then looks at the case of China, which is facing economic difficulties as a result of over-investment in the property sector. Finally, Serra discusses the banking sector, highlighting the performance of European banks, which he believes offer higher returns than their US competitors, such as J.P. Morgan. He attributes this situation to the failure of US banks to manage certain financial assets (CF : the banking crisis of March 2023).
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- Davide Serra, CEO of Algebris Investments: European banks outperform US giants