From June 21 to 30, AGEFI conducted its monthly survey of managers' forecasts for the main asset classes among 19 financial institutions.

Of the 20 members of the Equity Panel surveyed by L'AGEFI, only Groupama AM resisted by maintaining its objectives from last month. Stock markets fell in June: CAC 40 (-8.4%), Euro Stoxx 50 (-8.8%), S&P 500 (-8.4%) and Nikkei (-3.3%). The Panel now expects the CAC 40 to rise by less than 4% by the end of the year, even though it has already fallen by 17% since January. Despite the downward revisions, the managers still give some potential to the S&P 500, with an expected rise of 5% in six months and 11% in one year. It should be noted that at the beginning of January, no panelist had envisaged this stock market decline. The most pessimistic, Lazard, was between 6% (for the Nikkei) and 22% (for the Euro Stoxx 50) above the June 30 price.