Bondmarkt-Chancen - Makro-Report - 10.26

Written by Manfred Hübner | 05 October 2026
Posted in Special research

There are no translations available.

Vordergründig haben sich die sentix-Konjunkturindizes nur wenig verändert. Doch der Rückgang der Erwartungswerte reicht aus, um die Makrorisiken für Aktien wieder steigen zu lassen. Vor allem japanische Aktien, die sich zuletzt robust zeigten, scheinen anfällig für negative Überraschungen. Dagegen hellt sich das Umfeld für Bonds erstmals seit Monaten auf. Alle anderen Einschätzungen bleiben unverändert.

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sentix Survey results (40-2026)

Written by Patrick Hussy | 04 October 2026
Posted in sentix Weekly

A shift in the seasonal pattern is drawing nearer

Investors continue to anticipate a restrictive central bank policy and the resulting headwinds for bonds. At the same time, however, conflicting signals on the bond market are becoming more pronounced, particularly as bargain hunters are becoming increasingly active at the current yield levels. For equities, rising interest rates remain a latent burden. These concerns are already reflected in market sentiment. In the medium term, however, investors are trying to look beyond the interest rate headwinds and are hoping for a swift end to the current weak seasonal trend in equities.

Further results

Bonds: Chance of stabilisation in bond prices
Precious metals: Confidence remains high despite pressure from interest rates
sentix Economic Index: Monday, 5th October 2026 at 10.30 CEST

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Global economy has so far defied rising interest rates

Written by Manfred Hübner | 04 October 2026
Posted in sentix Economic News

The assessment of the global aggregate in the sentix Economic Sentiment Index rose once again in October 2026. This sixth consecutive rise, taking the index to 16.8 points, marks the highest level since February 2022. This is a surprising finding against the backdrop of rising global interest rates, but is largely attributable to the US econo-my and the Asian region. The eurozone, by contrast, continues to struggle to achieve an upturn. So far, only stabi-lisation has been achieved in Germany and the eurozone as a whole. This is because expectations have suffered a distinctly noticeable setback. The eurozone composite index has therefore fallen by 2.4 points.

Overconfidence-Signale - Risiko-Report - 09.26

Written by Manfred Hübner | 28 September 2026
Posted in Special research

There are no translations available.

Im sentix Risikoradar liegen in diesem Monat gleich mehrere Overconfidence-Signale vor. Diese betreffen zum einen chinesische Aktien. Besonders prägnant ist die Lage aber bei Bonds. Hier messen wir das interessanteste Chancenpotential seit 2022. Das markttechnische „Gummiband“ ist bereits ordentlich gedehnt. Dies gilt auch für den Ölmarkt, jedoch mit umgekehrten Vorzeichen.

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sentix Survey results (39-2026)

Written by Manfred Hübner | 27 September 2026
Posted in sentix Weekly

Positive Signals from the overconfidence index

On the financial markets, an intriguing juncture has been reached, brought into especially vivid focus by the difference in the sentix Overconfidence Index between US equities and US bonds. The weakness of the bond market is so pronounced that it has destroyed investors’ confidence in bonds. Confidence lies with equities. Such divergences point to a reversal in relative attractiveness that may well develop a medium-term character.