Ergebnisse des sentix Global Investor Survey (KW 08-2015)

Written by Patrick Hussy | 22 February 2015
Posted in sentix Weekly

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Die Stimmung an Europas Börsen bleibt gut, kühlt sich aber im Vergleich zur Vorwoche leicht ab. Es verwundert, wie robust sich die Börsen präsentieren, obwohl die Grexit-Wahrscheinlichkeit deutlich angestiegen ist. Es dürften die mittelfristigen Perspektiven sein, welche die Anleger bei Laune halten: Der Strategische Bias bleibt hoch, wobei insbesondere die japanische Börse und die US-Technologiewerte deutlicher in der Anlegergunst zulegen können.

Lesen Sie hier die Ergebniskommentierung (sentix Registrierung erforderlich)

Besser ein Ende mit Schrecken als Schrecken ohne Ende

Griechenlands Schuldenproblem beschäftigt die Politik, die Medien und die Anleger mehr denn je. Unsere wöchentliche Sonderbefragung zur Grexit-Wahrscheinlichkeit stieg zum Wochenschluss von 32% auf 39%. Erstaunlich ist hierbei die Gelassenheit der Aktienmärkte. Der Strategische Bias bleibt hoch, Ängste lassen sich über das Sentiment keine messen. Es stellt sich die Frage, ob die Anleger „sehenden Auges“ in ihr „Verderben“ laufen.

Klicken Sie hier für die Investmentmeinung

Automobile stocks in the fast lane

Written by Sebastian Wanke | 16 February 2015
Posted in Special research

sentix Sector Sentiment for European automobile stocks rises strongly in February and reaches an all-time high. For no other sector investors are equally bullish at the current juncture. As perspectives brighten against the backdrop of a number of positive chart signals we rate the strong development in sentiment as a kick-start signal rather than a contrarian indication.

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sentix ASR Essentials 07-2015

Written by Patrick Hussy | 15 February 2015
Posted in sentix Weekly

Poles apart on Autos and Energy

The latest sentix survey underlines that investors’ views on sectors have continued to become less defensive. On one hand, monthly survey readings on Healthcare, Food & Beverage and Utilities have further declined in the past month. On the other, survey participants have become less cautious on the six month outlook for cyclical sectors such as Industrial Goods & Services, Chemicals and Autos. Indeed, in the case of Autos, survey readings have returned to historic highs (see Chart 2, page 2). At the same time, pessimism on Energy versus the market has become a little less extreme in the past month, though survey respondents have also become less positive on Crude Oil from a medium-term strategic perspective (Charts 3-4). Pessimism on resource plays has lessened in the past couple of months, though readings remain poles apart on the likes of Energy versus Autos.

Click here for the full report

sentix-Analyse Februar 2015 im DAF

Written by Manfred Hübner | 10 February 2015
Posted in sentix Intern

Gestern war sentix-Geschäftsführer Manfred Hübner zu Gast im Deutschen Anlegerfernsehen. Im Gespräch mit Viola Grebe erläuterte er u.a. die neuesten Ergebnisse des sentix Konjunkturindex und die aktuelle Stimmungslage.

HIer geht es zum Video

Euro area with a 9-year-high, Switzerland in recession

Written by Sebastian Wanke | 09 February 2015
Posted in sentix Economic News

In February the composite indices for the euro zone and Germany both rise strongly. Against the background of the details given by the ECB on its coming QE programme 6-month expectations climb to their highest reading since February 2006 for the euro zone. For Germany the composite index even reaches an all-time high. The weak euro and the low price of oil may also have helped (as in the previous months). But this positive development also has a flipside: The weakness of the euro has led the Swiss National Bank (SNB) to give up on its de-facto peg to the common currency. By doing so, the SNB has sent the Swiss economy into recession – that is at least what the sentix Economic Index for Switzerland says as it collapses this month. For the “Global Aggregate” the composite index increases for the fourth time in a row because of the improvements for the euro zone and for Japan. At the same time, the slight setback for the US might be an indication that the US economy has peaked already in the current cycle.

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