sentix ASR Essentials 31-2014

Written by Patrick Hussy | 24 August 2014
Posted in sentix Weekly

Stocks scepticism rises

Currently FX markets are moving investors' emotions more than stocks or bonds. But crude oil is also sending a sentiment signal. Inves-tors have difficulties to understand the price behaviour of the "black gold" against the background of the crises in the Middle East and the Ukraine. An important factor is that the me-dium-term picture for stocks be-comes more and more blurred. This has already led to noteworthy portfolio adjustments.

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sentix ASR Essentials 30-2014

Written by Patrick Hussy | 17 August 2014
Posted in sentix Weekly

Investors on the Defensive

The latest sentix survey indicates that investor sentiment towards equity markets remains undermined by recent reversals. At a market level, survey readings based on investors' opinion on the medium-term outlook have yet to reverse their recent declines. At a sector level, monthly questions on participants' views on European sectors in a relative context also reveal a further swing away from cyclical sectors such as Autos, Construction and Industrials, towards defensives such as Food & Beverage and Healthcare (see Charts 2 & 3, page 2). Investors appear to have firmly moved onto a defensive footing in terms of their sector preferences.

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sentix ASR Essentials 29-2014

Written by Manfred Hübner | 10 August 2014
Posted in sentix Weekly

Equity uncertainty yet to dampen Emerging Market optimism

The latest sentix survey throws up a couple of notable features. Firstly, there remains an apparent lack of conviction on the medium-term outlook for European bonds, despite high-optimism on the near-term outlook, as bund yields hit historic lows (see page 4). Secondly, there are signs that investors' optimism on the medium-term outlook for equities may be weakening, with survey readings for the EuroSTOXX having fallen back after several weeks of relative resilience (Chart 6, page 3). In comparison, sentiment towards the Emerging Markets has remained relatively upbeat (Charts 2 and 3, page 2). As yet, equity uncertainty has failed to materially curb investors' optimism on medium-term outlook for EMs.

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sentix ASR Essentials 28-2014

Written by Patrick Hussy | 03 August 2014
Posted in sentix Weekly

Sentiment staccato

The sentix Global Investor Survey has created a real sentiment-staccato in the data for this week. The western stock markets have produced a line of negative sentiment extremes. Surprisingly, the medium term confidence isn´t affected by growing fears. A more drastic sentiment picture is measured in EUR/USD: Such a one-sided data constellation hasn´t been observed in the complete sentix history.

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sentix ASR Essentials 27-2014

Written by Manfred Hübner | 27 July 2014
Posted in sentix Weekly

Bullish signals from China

sentix data for stocks remain robust. The bullish indication for Chinese equities even offers new opportunities for rising prices. For bonds the picture looks different. The readiness to take profits is high and so is the overconfidence index. On FX markets the focus is back on USD-JPY. Here, the Strategic Bias is the supportive pillar.

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