sentix ASR Essentials 15-2015
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12 April 2015
Posted in
sentix Weekly
High optimism on near-term outlook for Equities
The latest sentix survey points to highly elevated levels of optimism among survey participants in terms of the near-term outlook for Equity markets. Sentiment readings for the DAX, EuroSTOXX, Nikkei and chinese equities have now reached twelve month highs. A lot of optimism is built into markets at current levels (see Chart 5, page 3). At the same time, the survey also provides a unique insight into investors’ views on European sectors versus the market. It suggests that investors have become less optimistic on cyclical sectors such as Autos and Industrial Goods & Services, but that the tide of optimism on Construction and Chemicals continues to rise (Chart 2, page 2). At the other end of the sentiment spectrum, pessimism still dominates on Utilities and Energy, albeit readings for Energy are up from recent lows, in line with a less pessimistic view on Crude Oil.
