J.P. Morgan Asset Management - The Weekly Brief

28.09.2015 12:17 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die vergangene Woche war für den europäischen Automobilsektor schwierig, nachdem die

US-Sparte von Volkswagen eingestanden hatte, Abgastests manipuliert zu haben. Bedenken

über die Folgen für VW und andere Automobilhersteller bescherten dem „STOXX Europe 600

Automobiles & Parts Index“ einen Einbruch von 6,5%. Eine schwache Preismacht und das

Geschäft in Schwellenländern wie China, in denen eine Wachstumsabkühlung zu verzeichnen

ist, haben zu erhöhter Unsicherheit geführt und setzen den Markt zunehmend unter Druck.

Die folgende Grafik zeigt, dass der Sektor der Automobilhersteller in den vergangenen zwölf

Monaten zunächst den Gesamtmarkt schlagen konnte, unlängst jedoch zurückgeblieben ist.

Die europäischen Automobilhersteller befinden sich derzeit vielleicht auf der Kriechspur, aber

der Ausblick für diese Unternehmen ist nicht ausschliesslich negativ, da eine möglicherweise

erneute Abschwächung des Euro positiv zu bewerten ist.

J.P.Morgan_The Weekly Brief_28.09.2015.pdf

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