sentix ASR Essentials 51-2015
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20 December 2015
Posted in
sentix Weekly
No Christmas cheer for Commodities
Caution on the coming year appears to be the dominant theme as the clock ticks down to Christmas. While near-term sentiment towards global equity indices is running at modestly positive levels, the latest sentix survey also suggests investors are becoming less keen on developed and emerging markets from a medium-term strategic perspective. In the case of emerging markets, this chimes with increasing caution on commodities as an asset class. At a market level, pessimism is most marked on Crude Oil, with survey readings entrenched at the low end of the range, albeit they are above historic extremes (Charts 2-4, page 2). Commodity pessimism is bad news for EM Equities, given that sentiment on both remains closely linked.
