J.P. Morgan Asset Management - The Weekly Brief

01.07.2019 12:00 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Bis vor kurzem beschränkte sich die globale Konjunkturflaute überwiegend auf das verarbeitende Gewerbe und die Unternehmensinvestitionen, während sich das Verbrauchervertrauen auf hohem Niveau behaupten konnte. Die jüngste Umfrage des Conference Board wies jedoch einen Rückgang des US-Verbrauchervertrauens aus. Sowohl die Beurteilung ihrer aktuellen Lage als auch die Erwartungen der Konsumenten für die Zukunft haben sich verschlechtert. Sollte das bislang hohe Verbrauchervertrauen weiter nachlassen, wäre dies ein beunruhigendes Signal für die US-Wirtschaft. Ob Zinssenkungen das Verbrauchervertrauen stützen können, wird bis Jahresende entscheidend sein. Ein dauerhafter Rückgang dieses Indikators hat sich für die Aktienmärkte historisch als schwieriges Umfeld erwiesen, während steigende Vertrauenswerte gut für Aktien waren.

JPMAM_The Weekly Brief_01.07.2019.pdf

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