sentix ASR Essentials 10-2016
|
13 March 2016
Posted in
sentix Weekly
Investors less on the sector defensive; but still wary on EZ equities
The latest sentix survey points to continued uncertainty on the outlook for eurozone (EZ) equities. This is despite signs that investors have become less defensive in terms of their sector preferences. On this front, the past month has seen optimism on cyclical sectors such as Basic Resources, Chemicals and Construction increase, while participants have become less downbeat on Financial Services and Banks. At the same time, survey readings on defensives such as Healthcare and Food & Beverage have weakened, while the recent revival in Utilities sentiment has begun to unwind. However, readings based on investors’ medium-term strategic bias on the DAX and EuroSTOXX are weakening. Caution is still the ‘watch word’ on EZ equities. On the other side of the sentiment divide, investors are as upbeat on Gold from a medium-term perspective as they have been since 2012. See p2 for charts.
