sentix ASR Essentials 49-2017

Written by Manfred Hübner | 10 December 2017
Posted in sentix Weekly

Energy optimism burning less brightly

The recent OPEC deal to extend productions cuts has done little to bolster investor sentiment towards energy. In the case of crude oil, both near-term sentiment and readings based on investors’ medium-term strategic bias have further retreated from recent highs. In terms of oil sentiment, it appears to have been a case of buy the rumour sell the fact on OPEC. At the same time, optimism on the European energy sector relative to the market has sharply reversed from the five-year highs recorded a month ago. Investor optimism on energy related plays is weakening. See pages 2 and 3 for charts.

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sentix Investmentmeinung 48-2017

Written by Manfred Hübner | 04 December 2017
Posted in sentix Weekly

There are no translations available.

Fällt die Jahresendrallye aus?

Das positive Stimmungsbild an den Aktienmärkten spiegelt, dass viele Anleger mit einem guten Dezember-Verlauf rechnen. Doch diese „sichere“ Wette ist keineswegs sicher. Denn vor allem an den US-Märkten sind erhebliche technische Risiken vorhanden. Besonders Technologie-Aktien scheinen korrekturgefährdet.

Geänderte Einschätzungen: Silber, Nasdaq 100

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Excellent situation, expectations diminish

Written by Patrick Hussy | 03 December 2017
Posted in sentix Economic News

The sentix Economy Index for the Eurozone concludes its series of rising highs and returns 2.9 points in December. Expectations are responsible for this, with a more pronounced drop of 6.0 points. The assessment of the situation, on the other hand, can even increase slightly (+0.7 points). The values for Germany are also falling. The overall index dropped by 3.3 points to 39.1 points. Economic expectations have fallen by 5.3 points. There is also a calming effect on the global economy. Falling expectations dominate, with the emerging markets losing the least in relative terms. The autumn revival seems to be coming to an end.

sentix ASR Essentials 48-2017

Written by Manfred Hübner | 03 December 2017
Posted in sentix Weekly

Inflation casts a shadow across Bunds sentiment revival

Investors are becoming less downbeat on eurozone bonds in terms of both nearterm sentiment and their medium-term strategic bias. This change of tack can also be seen in the gap between strategic bias readings on bunds versus the EuroSTOXX, which is reversing from recent lows. What could de-rail this recent revival? The latest sentix survey also revealed that inflation is viewed as a more bond-bearish theme than it was month ago. A further deterioration in inflationary newsflow could curb the revival in sentiment towards bunds. See Page 2 for charts.

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Germany without Jamaica, Europe without stress

Written by Manfred Hübner | 27 November 2017
Posted in sentix Euro Break-up Index News

The last few weeks, which in Germany have been marked by a tough and ultimately unsuccessful struggle for a new government in the form of a Jamaican alliance, have made no difference to the Euro zone from the investors' point of view. The sentix Euro Break-up Index fell slightly to 7.9% in November and is still trading near its all-time low. This means that investors do not worry about Germany's stability and in fact assume that the "grand coalition" will continue, either explicitly or implicitly through a minority government.