sentix ASR Essentials 28-2015

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EBI falls, investors celebrate supposed “Grescue”

After the clear „no“ in the Greek referendum and Tsipras’ subsequent u-turn stock investors now celebrate. At the same time investors recognize the resulting evil for bonds. The common currency benefits and the EBI readings fall significantly. Has the euro break-up risk really disappeared? Far away from the European debt drama the problems mount in China – the Strategic Bias for Chinese equities continues its fall.

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