J.P. Morgan Asset Management - The Weekly Brief

01.06.2015 12:50 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die Aktienkurse in Spanien sind in der vergangenen Woche stark gefallen: Der spanische Aktienindex IBEX 35 hat am letzten Montag 2,0% verloren. Der Markt hat auf die überraschenden Ergebnisse von regionalen Wahlen reagiert, bei denen keine Partei eine überwiegende Mehrheit erreichen konnte. Jahrelang wurde die spanische Politik von der rechts-konservativen Volkspartei “Partido Popular“ sowie von der sozialdemokratischen Arbeiterpartei “PSOE” dominiert. Nun ändert sich die politische Landschaft und es ist wahrscheinlich, dass bei den diesjährigen Wahlen ein 4-Parteien-System entstehen wird. Spanien hat erfolgreich eine export- und reformorientierte Erholung erreicht und wird 2015 erwartungsgemäss das schnellst wachsende Land der Eurozone. Dennoch sind die Reallöhne gering und die Arbeitslosenquote ist mit 23% hoch. Unzufriedene Spanier schauen sich nach Alternativen um. Investoren sollten sich der Unsicherheiten aufgrund der bevorstehenden Wahl und der damit verbundenen Reformagenda einer möglichen Koalition bewusst sein.

MI Weekly Brief [MKR] [CH_DE].pdf

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