sentix ASR Essentials 26-2015
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28 June 2015
Posted in
sentix Weekly
High neutrality on near-term outlook for EZ Equities
The latest sentix survey provides a timely view of investors’ opinions moving into a week in which Grexit looms large. In terms of EUR/USD, both near-term sentiment and survey participants’ medium-term strategic bias have weakened, but only modestly in the context of current uncertainties. Investors have also become more cautious on the outlook for eurozone bonds. However, at the same time, modest optimism on the DAX and EuroSTOXX is still a feature. That said, the survey also highlights a gap in terms of the levels of uncertainty on the near-term as compared to the medium-term (see Chart 7, page 3). Behind investors’ modest optimism on the near-term outlook for eurozone indices lies a relatively high degree of underlying uncertainty (based on the sentix Neutrality Index). This suggests indices may see near-term volatility.
