EBI and economic expectations take separate ways

Print

In August, the sentix Euro Break-up Index (EBI) rises for the first time since December. But its increase by 0.6 points to 8.2% remains negligible. This holds all the more true if one considers how pronounced the recent fall of sentix economic expectations has been. Euro-zone government bonds thus remain an interesting asset class for investors. The sentix EBI data point to particularly good opportunities in Spanish titles.

Read more...

sentix ASR Essentials 31-2014

Print

Stocks scepticism rises

Currently FX markets are moving investors' emotions more than stocks or bonds. But crude oil is also sending a sentiment signal. Inves-tors have difficulties to understand the price behaviour of the "black gold" against the background of the crises in the Middle East and the Ukraine. An important factor is that the me-dium-term picture for stocks be-comes more and more blurred. This has already led to noteworthy portfolio adjustments.

Click here for the full report (sentix registration necessary)

Sentiment for automobiles markedly down

Print

In August, sentix Sector Sentiment for European automobile stocks falls more strongly than for any other sector. Only a few months ago the same sector's sentiment had reached an all-time high. But falling economic expectations and a receding risk appetite now make investors more sceptical about the industry. Nevertheless, the data does not point to a contrarian opportunity yet.

Read more...

sentix ASR Essentials 30-2014

Print

Investors on the Defensive

The latest sentix survey indicates that investor sentiment towards equity markets remains undermined by recent reversals. At a market level, survey readings based on investors' opinion on the medium-term outlook have yet to reverse their recent declines. At a sector level, monthly questions on participants' views on European sectors in a relative context also reveal a further swing away from cyclical sectors such as Autos, Construction and Industrials, towards defensives such as Food & Beverage and Healthcare (see Charts 2 & 3, page 2). Investors appear to have firmly moved onto a defensive footing in terms of their sector preferences.

Click here for the full report (sentix registration necessary)
Click here for the results of the sentix Special survey regarding the investors positioning

sentix ASR Essentials 29-2014

Print

Equity uncertainty yet to dampen Emerging Market optimism

The latest sentix survey throws up a couple of notable features. Firstly, there remains an apparent lack of conviction on the medium-term outlook for European bonds, despite high-optimism on the near-term outlook, as bund yields hit historic lows (see page 4). Secondly, there are signs that investors' optimism on the medium-term outlook for equities may be weakening, with survey readings for the EuroSTOXX having fallen back after several weeks of relative resilience (Chart 6, page 3). In comparison, sentiment towards the Emerging Markets has remained relatively upbeat (Charts 2 and 3, page 2). As yet, equity uncertainty has failed to materially curb investors' optimism on medium-term outlook for EMs.

Click here for the full report (sentix registration necessary)

We use cookies and third-party services that store information in the end device of a site visitor or retrieve it there. We then process the information further. This all helps us to provide you with our basic services (user account), to save the language selection, to optimally design our website and to continuously improve it. We need your consent for the storage, retrieval and processing. You can revoke your consent at any time by deleting the cookies from this website in your browser. Your consent is thereby revoked. You can find further information in our privacy policy. To find out more about the cookies we use and how to delete them, see our privacy policy.

I accept cookies from this site.

EU Cookie Directive Module Information