sentix ASR Essentials 26-2015

Written by Manfred Hübner | 28 June 2015
Posted in sentix Weekly

High neutrality on near-term outlook for EZ Equities

The latest sentix survey provides a timely view of investors’ opinions moving into a week in which Grexit looms large. In terms of EUR/USD, both near-term sentiment and survey participants’ medium-term strategic bias have weakened, but only modestly in the context of current uncertainties. Investors have also become more cautious on the outlook for eurozone bonds. However, at the same time, modest optimism on the DAX and EuroSTOXX is still a feature. That said, the survey also highlights a gap in terms of the levels of uncertainty on the near-term as compared to the medium-term (see Chart 7, page 3). Behind investors’ modest optimism on the near-term outlook for eurozone indices lies a relatively high degree of underlying uncertainty (based on the sentix Neutrality Index). This suggests indices may see near-term volatility.

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More bullish signals for European equities!

Written by Sebastian Wanke | 22 June 2015
Posted in Special research

The sentix data universe makes it clear: investors commit in an increasingly strong manner to European shares. For instance, they currently plan with an investment horizon which was never longer than today. In addition, stock market participants behave rather anti-cyclically at the moment. Both is positive for the asset class.

Investors are looking through Greece

Written by Sebastian Wanke | 22 June 2015
Posted in Special research

49.5% of investors currently expect a “Grexit” to happen within the next twelve months. This is shown by a new survey conducted by sentix over the weekend. At the same time the basic conviction for European stocks rises strongly. Consequently, investors anticipate a “happy end” of the Greek drama. A resumption of the bull market is thus near.

sentix Investmentmeinung 25-2015

Written by Manfred Hübner | 22 June 2015
Posted in sentix Weekly

There are no translations available.

Alle schauen auf Griechenland, aber in den USA spielt die Musik

Verabschiedet sich die Eurozone von Griechenland oder wird in letzter Minute ein weiterer Kompromiss gefunden? Es sieht ganz danach aus, dass die Angst der Euro-Staaten vor den Ungewissheiten eines „Grexit“ größer ist, als die Angst weiter in ein Fass ohne Boden zu investieren. Geld, welches von der Notenbank so billig produziert wird, ist anscheinend wenig wert. Natürlich hat der Ausgang der heutigen Nachtsitzung Auswirkung auf die kurzfristige Markttendenz. Aber bekanntlich haben politische Börsen kurze Beine. Deshalb finden wir das, was sich in den USA derzeit ereignet, auch viel spannender – und eher für die nächsten Wochen kursbestimmend.

Geänderte Einschätzungen: EuroSTOXX 50, DAX, S&P500, China-Aktien

Klicken Sie hier für die aktuelle Investmentmeinung (sentix Registrierung erforderlich)

sentix ASR Essentials 25-2015

Written by Manfred Hübner | 21 June 2015
Posted in sentix Weekly

China concerns chime with Commodity caution

The latest sentix survey suggests investors have become more cautious on the outlook for Emerging Equity Markets, in a move that chimes with weakening sentiment towards Commodities as an asset class. At a market level, this change in investor opinion can be seen in the sharp reversal in readings on the Chinese market. Near-term sentiment readings on Chinese equities have been falling since April, with the latest survey seeing pessimism reach levels last seen in October last year, albeit readings are well above historic lows. At the same time, readings based on respondents’ medium-term strategic bias on China have fallen to levels last seen over a year ago. Such caution on the near and medium-term outlook for the Chinese equity market may have been lent support by the double-digit declines seen in indices such as the Shanghai Composite last week. See page 2 for charts.