sentix Survey Essentials (English)
File: sentix ASR Essentials 51-2015
- Uploaded:
- 21.12.15
- Änderungsdatum
- 21.12.15
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- 447 KB
- Version
- 1.0
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.