Investors extremely pessimistic for energy shares

Written by Sebastian Wanke | 12 January 2015
Posted in Special research

While the feebleness of oil prices continues, sentix Sector Sentiment for European energy shares falls again to an all-time low. Taken face value, this is a positive sign for the future performance of the sector's stocks. But it does not look as if energy shares could reach more than a temporary stabilisation in the coming weeks – their current price behaviour is just too weak.

sentix ASR Essentials 02-2015

Written by Manfred Hübner | 11 January 2015
Posted in sentix Weekly

Energy remains deeply unloved

The latest sentix survey underlines that investors’ views on sectors have begun to shift in recent months. On one hand, optimism on Healthcare has become less extreme, while the past month saw a reversal in survey readings on Retail, Food & Beverage and Media versus the market. On the other, survey participants have become less cautious on the six month outlook for Cyclical sectors such as Industrial Goods & Services, Autos and Chemicals. Indeed, pessimism on Basic Resources has also become less marked in the past month. However, as yet there are no signs of a change of heart towards Energy. While investors have become increasingly optimistic on the medium-term outlook for Crude Oil, pessimism remains the dominant survey theme on the Energy sector relative (see Charts 2 to 4, page 2).

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Wer ist der Öl-Kerviel?

Written by Manfred Hübner | 08 January 2015
Posted in Woolly thoughts (blog)

There are no translations available.

Die Entwicklung an den Rohölmärkten gehört derzeit zu den wichtigsten Einflussfaktoren an den Kapitalmärkten. Der rasante Verfall der Ölnotierungen (mehr als 50% Verlust innerhalb eines halben Jahres) wirft dabei viele Fragen auf. Zum einen: Was sagt dieser Preistrend über den Stand der Weltwirtschaft? Und zweitens, weit wichtiger: Wieso fällt der Preis überhaupt so stark und was bedeutet dies für die im Öl positionierten Anleger?

sentix-Analyse Januar 2015 im DAF

Written by Manfred Hübner | 06 January 2015
Posted in sentix Intern

There are no translations available.

Heute war sentix-Geschäftsführer Manfred Hübner zu Gast im Deutschen Anlegerfernsehen. Im Gespräch mit Viola Grebe erläuterte er u.a. die neuesten Ergebnisse des sentix Konjunkturindex und die aktuelle Stimmungslage.

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Germany starts with strong tailwinds into the new year

Written by Sebastian Wanke | 05 January 2015
Posted in sentix Economic News

In January, the most outstanding development in the survey of the sentix Economic Index is the, once more, strongly improved perception of the German economy. The composite index for Germany rises by 7.0 to 26.6 points and now stands at about the same level as last summer. Low oil prices and a weak euro continue to have an effect. In addition, the export champion benefits from better assessments of the world economy which are, among other things, driven by developments of the US and the Asia ex Japan indices.
In contrast, investors judge – against the background of falling oil prices – the economic situations in Eastern Eu-rope and Latin America ever worse. But interestingly, 6-month expectations for these regions are on the rise. All in all, investors are rather optimistic regarding economic dynamics in 2015.