sentix Survey results (18-2018)

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Neutrality unloads at EUR/USD

An "emotionless" week is behind us: the sentiment values have hardly moved across almost all markets. This is astonishing, especially as some stock markets have been friendly and bond prices have also risen. This leads to first warning signals of overconfidence in selected markets. On the currency side, however, there is some movement. With EUR/USD, the high neutrality of the previous weeks is now being unloaded.

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sentix Investmentmeinung 17-2018

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Italienische Aktien im Frühsommer

Italienische Aktien sind in diesem Jahr die Überflieger in Europa. Weder die Hängepartie in Sachen Re-gierungsbildung nach den Parlamentswahlen, noch die nachlassende konjunkturelle Dynamik konnten daran etwas ändern. Vor allem die Stärke des Bondmarktes, der von einer Reduzierung der Spreads zu Bundesanleihen profitiert, stützt das Anlageklima südlich der Alpen. Bleibt dies so?

Geänderte Einschätzungen: Keine

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Europe remains calm

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Investors' worries about a collapse of the euro zone will be reduced again in April. The sentix EBI Index again reached an all-time low of 6.3 points. Although the political situation in Italy remains unclear and the economic mo-mentum in Europe has recently dampened, this has no effect on the assessment of the stability of the euro zone.

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sentix Survey results (17-2018)

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Investors buy despite lack of confidence

Investors' sentiment towards equities remains close to the neutral mark. The strategic bias, however, which remains weak, especially in Europe and the USA, is quite different. Nevertheless, we measure increased investor positioning. The data situation in EUR-USD has changed significantly, with a negative sentiment impulse giving hope to the USD bulls. In the commodities sector, the bias in gold and oil is tilting.

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sentix Investmentmeinung 16-2018

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Bei US-Aktien verdüstert sich der Himmel

Der April wird bislang seinem Ruf als guter Aktienmonat durchaus gerecht. Allerdings zeigt sich eine weit geringere positive Dynamik als üblich. Dies hängt mit dem schwachen Grundvertrauen für Aktien zusammen, welches durch die rückläufige Tendenz in den Konjunkturerwartungen gespeist wird. Aber auch die Bonds tragen dazu bei, vor allem in den USA.

Geänderte Einschätzungen: S&P 500, Nasdaq 100, Gold

Lesen Sie hier die Ergebniskommentierung (sentix Registrierung erforderlich)

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