Concerns about trade disputes diminish

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The summer heat in Europe is also causing economic temperatures to rise again. The overall Euro zone index rose by 2.6 points to 14.7 points in August. A complete all-clear cannot yet be given, because with negative expectations, the economy is still in a cooling off phase. But investors seem to see the dangers of an escalation in the trade dispute initiated by US President Trump much less acute.

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The shake is easing

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After the Euro Break up Index indicated a new danger for the Euro-Zone in May, the situation calms down for the second month in a row. The overall index for the Euro zone fell significantly by 3.9 percentage points from 12.3% to 8.4%. Concerns about Italy are also declining.

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sentix Investmentmeinung 30-2018

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Nachhaltige Stimmungswende?

Ein Stimmungsanstieg von 35% im Sentiment für deutsche Aktien lässt aufhorchen. Haben wir es mit einem generellen Sinneswandel bei den Anlegern zu tun, oder gibt uns der Stimmungsanstieg Anlass zur Sorge? Letzteres scheint der Fall.

Geänderte Einschätzungen: keine

Lesen Sie hier die Investmentmeinung (sentix Registrierung erforderlich)

sentix Survey results (30-2018)

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Significant improvement in equity sentiment

The sentiment on the stock markets is changing. Within a week, sentiment has increased significantly, with the German stock market being the most conspicuous. The sentiment for precious metals showed first signs of pessimism after a long time, although there was no feeling of fear after the sharp price drops. Investors are becoming more nervous on bonds. Neutrality is climbing to new 26-/52-week highs there.

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sentix Investmentmeinung 29-2018

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Die Aufmerksamkeit richtet sich auf Italien

Noch immer können wir keine Entwarnung für die Aktienmärkte geben. Der Strategische Bias für Ak-tien bleibt gedrückt und besonders die Institutionellen zeichnen für einen erneuten Vertrauensschwund verantwortlich. Zum Beginn der saisonal schwierigen Phase sind dies keine guten Nachrichten. Auf der Suche nach einem Trigger für eine erneute Korrektur fällt Italien auf.

Geänderte Einschätzungen: keine

Lesen Sie hier die Investmentmeinung (sentix Registrierung erforderlich)

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