Global financials : from cyclical recovery to structural opportunity

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      <subfield code="a">The document analyzes the recent evolution of the global financial sector and the outlook for 2026. It outlines the strong performance of European banks, supported by a favorable interest-rate environment and improved profitability. It also describes the solidity of insurers in Europe, Asia, and the United States, driven by higher yields and stable pricing. The text explores structural opportunities in asset management arising from population aging and wealth accumulation. It concludes by offering a regional investment outlook, highlighting Europe and Asia as areas with particularly strong potential</subfield>
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