J.P. Morgan Asset Management - The Weekly Brief

04.11.2024 10:56 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die US-BIP-Zahlen für das dritte Quartal der letzten Woche boten den Anlegerinnen und Anlegern eine letzte Momentaufnahme der US-Wirtschaft vor dem Wahltag und zeichneten ein Bild einer robusten wirtschaftlichen Gesundheit. Das BIP-Gesamtwachstum ging leicht von 3,0 % gegenüber dem Vorquartal auf 2,8 % zurück, aber die Zusammensetzung bedeutet, dass die Wachstumssorgen gering sein werden. Der private Konsum und die Staatsausgaben sind nach wie vor stark und bestätigende Daten aus Konjunkturumfragen deuten darauf hin, dass die Verlangsamung der Investitionen nur vorübergehend sein sollten. Trotz dieses robusten Umfelds haben beide US-Parteien Pläne für eine expansive Fiskalpolitik vorgelegt und in den letzten Wochen haben Anleiheinvestorinnen und -investoren bereits begonnen, zusätzliche Entschädigungen für längerfristige Staatsfinanzierungen zu fordern. Ob der nächste Präsident oder die nächste Präsidentin den Kongress kontrollieren wird und damit in der Lage ist, seine oder ihre Haushaltspläne umzusetzen, wird entscheidend für die Richtung der Anleiherenditen sein.

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