J.P. Morgan Asset Management - The Weekly Brief

19.09.2016 12:38 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Nach dem britischen EU-Referendum brach der Einkaufsmanagerindex für den dominierenden

Dienstleistungssektor dramatisch ein. Aus historischer Sicht wäre daher in den nächsten

Monaten eine Rezession in Grossbritannien zu erwarten gewesen. Aus den jüngsten Daten geht

indes eine Erholung hervor, was darauf hindeutet, dass die unmittelbaren wirtschaftlichen

Schäden möglicherweise nicht so gravierend sind, wie es kurz nach der Abstimmung den

Anschein hatte. Noch wissen die Unternehmen aber schlichtweg nicht, wie die künftigen

Beziehungen zwischen Grossbritannien und seinem grössten Handelspartner aussehen

werden. Sollte es der britischen Regierung in erster Linie um die Einschränkung der

Freizügigkeit gehen, ist es unwahrscheinlich, dass Grossbritannien weiterhin vom freien

Handel mit Finanzdienstleistungen profitieren wird. Wenn dadurch zahlreiche Arbeitsplätze in

die EU verlagert werden müssen, könnte sich die bislang robuste Wirtschaftslage in

Grossbritannien als Ruhe vor dem Sturm erweisen.

JPMAM_The Weekly Brief_19.09.2016.pdf

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