J.P. Morgan Asset Management - The Weekly Brief

25.05.2021 11:23 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Nach einem relativ schwachen Start sind die europäischen Impfraten in den letzten Monaten gestiegen. Die grossen europäischen Volkswirtschaften impfen derzeit täglich rund 0,8 % ihrer Bevölkerung, genauso viel wie Grossbritannien und mehr als die USA, wo sich das Impftempo in den letzten Wochen verlangsamt hat. Wenn es so weitergeht, könnten bis Ende Juli 70 % der europäischen Bevölkerung mindestens eine Impfdosis erhalten haben. Da intern derzeit eine zusätzliche Impfstoffproduktion aufgebaut wird, bei der die eigene Priorisierung vertraglich gesichert ist, könnte dieser Meilenstein sogar noch früher erreicht werden. Diese positiven Entwicklungen stützen unsere Ansicht einer starken, aber gestaffelten globalen Erholung. Die Wachstumsraten in den USA und Grossbritannien dürften in diesem Quartal ihren Höhepunkt erreichen, während das kontinentale Wachstum unserer Meinung nach im Laufe des Sommers am stärksten sein wird. Mehr als die Hälfte der Umsätze im MSCI Europe ex-UK werden im Ausland erzielt, daher hat sich der Index seit Jahresbeginn stark entwickelt. Wir sehen weiteres Aufwärtspotenzial, sobald die europäischen Konsumenten hinzustossen.

JPMAM_The Weekly Brief_25.05.2021.pdf

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