Excitement mounts – investors await central bank meetings

Written by Julien Mueller | 18 January 2016
Posted in Special research

Uncertainty among investors regarding the Euro/US-Dollar exchange rate reaches highest level since 2013 according to the latest sentix Global Investor Survey. Extreme neutrality readings, especially before monetary policy meetings of ECB, Fed and the Bank of Japan, aggravate risks for significant exchange rate fluctuations.

sentix ASR Essentials 02-2016

Written by Patrick Hussy | 17 January 2016
Posted in sentix Weekly

Investors defensive bias in Sectors and FX

The latest sentix survey underlines the heightened caution that is colouring investors’ views on markets. While survey readings based on investors’ mediumterm strategic bias have a stopped falling, they remain well down on 2015 highs. At the same time, monthly survey questions on sector preferences reveal a notable deterioration in sentiment towards Financials and a broad range of Cyclicals (spanning Resources to Industrials), set against growing optimism on Defensives such as Healthcare and Food & Beverage. This chimes with FX sentiment developments. Investors have become increasingly biased towards further Yen strength versus the dollar. In short, survey participants are on the defensive both in terms of Equity and FX markets (see Page 2).

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sentix Investmentmeinung 01-2016

Written by Manfred Hübner | 11 January 2016
Posted in sentix Weekly

There are no translations available.

Kurzfristig überzogen, aber nicht vorbei

Bei der aktuellen Börsenkorrektur handelt es sich um mehr, als nur einen Betriebsunfall zum Jahresstart. Nachdem der Strategische Bias bereits seit Wochen fällt und die Anfälligkeit der Aktienmärkte unterstrich, wird beim Blick auf den sentix Konjunkturindex auch klar, wo das Problem liegt. Es ist eben nicht nur „die Technik“. Positive Indikationen gibt es dagegen von den Rohstoffmärkten zu vermelden.

Geänderte Einschätzung: keine

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

sentix ASR Essentials 01-2016

Written by Patrick Hussy | 10 January 2016
Posted in sentix Weekly

China sentiment cracking

The latest sentix survey underlines the degree to which equity markets are in the grip of heightened near-term investor pessimism, with sentiment readings on eurozone, US and Asian markets sharply reversing. Chinese market developments have played a prominent role in unnerving investors. It is no surprise, therefore, that survey respondents have become especially downbeat on Chinese equities from both a near-term and medium-term strategic perspective, especially in light of weakening expectations on the economic outlook for China and the Asia ex-Japan region. Investors’ strategic bias on the Chinese market is as negative as it has been since the market began being covered by sentix in Q4 2009. On the other side of the sentiment divide, investors caution on riskier assets appears to be leading to growing optimism on Gold. See Page 2 for charts.

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After New Year’s Eve yet another china cracker

Written by Manfred Hübner | 10 January 2016
Posted in sentix Economic News

That’s not what many investors have expected: right at the start of 2016, investors have to farewell certainties of 2015. Dark clouds arise in the east and could carry more than just light showers. it seems undoubtedly reasonable that the Chinese business cycle face a period of significant slow down, rather it seems like a hard landing. Such a scenario would not pass the Eurozone without damage.