Draghi turns around expectations
05 August 2012
Posted in
sentix Economic News
While the headline indices of all regions dropped last month, August brings us a slight change to the positive especially in the realm of expectations. In the global aggregate, 6-months expectations improve slightly due to index movements for the Emerging Markets and Euroland. With his energetic appearances, the President of the ECB, Mario Draghi, is the main driver of this development.
Headlines of the month
- In August, the headline index for Euroland falls for the fifth time in a row. The economic barometer, however, only drops – similar to July – by 0.7 points to -30.3 points.
- Survey participants assess the economic situation once more as clearly worse. The corresponding index drops from -35 to -37 points. 6-months expectations, however, rise slightly by 0.75 points to -23.25 points.
- The headline indices for most of the other regions fall back, too. A positive exception is the Asia ex Japan region. It is noteworthy that a number of expectations have started to turn upward. Especially institutional investors seem to be impressed by the energetic appearances of ECB president Draghi. Also, hopes are on the emerging markets in Asia and Latin America.
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