J.P. Morgan Asset Management - The Weekly Brief

04.09.2020 10:57 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Das US-Verbrauchervertrauen ging im August zurück, da der Indikator des Conference Board auf 84,8 Punkte fiel. Dies ist der niedrigste Stand seit 2014 und liegt deutlich unter dem erwarteten Anstieg auf 93,0. Der Stillstand in Washington bezüglich eines neuen Fiskalpakets scheint den Konsumausblick zu beeinträchtigen, was nur allzu verständlich ist, da die Finanzhilfen und höheren Leistungen der Arbeitslosenversicherung dieses Jahr eine so entscheidende Rolle für die Einkommenssicherung gespielt haben. Kurzfristig wird viel davon abhängen, wie schnell sich der Kongress auf eine weitere Unterstützung einigen kann. Auf längere Sicht wird in erster Linie das Tempo der Erholung über die Kaufkraft der US-Verbraucher entscheiden. Trotz des beeindruckenden Beschäftigungswachstums im Sommer bleibt der Arbeitsmarkt fragil, und wir gehen davon aus, dass der jüngste Aufschwung an Fahrt verlieren wird.

JPMAM_The Weekly Brief_31.08.2020.pdf

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