J.P. Morgan Asset Management - The Weekly Brief

18.04.2016 11:59 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Nächste Wochen finden Sitzungen der EZB und der Schwedischen Reichsbank statt. Da beide

Banken sich auf das Experiment der Negativzinsen eingelassen haben, werden die Anleger die

Ergebnissen der Sitzungen mit besonderer Aufmerksamkeit erwarten. Zwar wird nicht mit

weiteren Maßnahmenbeschlüssen gerechnet, doch beide Banken zeigen sich besorgt über

den Inflationsausblick, den wir in der unten stehenden Abbildung darstellen. Obwohl sich der

Abwärtsdruck auf die Verbraucherpreise mit der jüngsten Erholung der Rohstoffpreise etwas

abgeschwächt hat, erwarten wir, dass beide Banken ihr Bemühen, die Inflation durch

zusätzliche geldpolitische Maßnahmen wieder auf ihr Zielniveau zu bringen, bekräftigen

werden. Das könnte bei Banktiteln zu Volatilität führen, da die Anleger sich vor den

Auswirkungen noch niedrigerer Zinsen auf ihre Gewinnmargen fürchten.

JPMAM_The Weekly Brief_18.04.2016.pdf

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