J.P. Morgan Asset Management - The Weekly Brief

01.04.2019 14:14 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die Wirtschaft in der Eurozone hatte im vergangenen Jahr unter anhaltenden Unsicherheiten zu leiden. Das Wachstum der Exporte nach Ländern ausserhalb der Region gab erheblich nach, was auf das nachlassende Weltwirtschaftswachstum und die anhaltenden Handelsspannungen zurückzuführen war. Dies belastete insbesondere das verarbeitende Gewerbe, wie der Einbruch der Teilkomponente der Exportaufträge im Einkaufsmanagerindex (EMI) für das verarbeitende Gewerbe zeigt. Der europäische Arbeitsmarkt und die Anlegerstimmung sind dennoch weiterhin robust. Die Arbeitsmärkte spannen sich weiter an, wodurch das Lohnwachstum und das Verbrauchervertrauen solide bleiben und den Konsum fördern. Zwar ist die Binnenwirtschaft vorerst robust, eine anhaltende Schwäche im verarbeitenden Gewerbe könnte sich letztendlich aber ungünstig auf das Verbrauchervertrauen auswirken. Für eine Erholung des Wachstums in Europa wird voraussichtlich eine Trendwende bei der Auslandsnachfrage erforderlich sein

JPMAM_The Weekly Brief_01.04.2019.pdf

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