sentix Survey Essentials (English)
File: sentix ASR Essentials 27-2015
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- 06.07.15
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- 06.07.15
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Neutral stance ahead of referendum
Ahead of the Greek referendum investors take a neutral stance over the short term. This is understanda-ble but does not fit with their basic conviction. This implies a tendency to act after the Athens decision. US bonds are currently not US in-vestors’ favourite which is also mir-rored in the Strategic Bias for gold. Last but not least, the Greek show-down promises to be a non-event for the euro, at least at time hori-zons beyond the coming weeks.