sentix ASR Essentials 31-2014

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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.

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