sentix ASR Essentials 36-2015
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06 September 2015
Posted in
sentix Weekly
Sentiment setback for Equities; Bunds bolstered by macro views
Investor sentiment towards equities remains in the grip of still volatile markets, with survey readings on indices such as the EuroSTOXX retracing some of the previous week’s gains. That said, the survey also suggests that survey participants have become a little less downbeat on equities from a medium-term strategic perspective. It may be that investors are beginning to see some value in markets emerging from their summer setbacks (see Charts 5-7, page 3). In the case of Bunds, investor optimism is down from recent highs, though the upturn in survey readings based on investors’ views on Bund in the medium-term remains intact. This is consistent with survey results that suggest investors view the economic backdrop as becoming more bond-bullish on a six month view (see Chart 3, page 2).
