J.P. Morgan Asset Management - The Weekly Brief

09.11.2015 10:09 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Der Oktober war ein guter Monat für Aktien; abgesehen von den USA liegen die meisten

Märkte jedoch weiterhin unter ihren Höchstständen dieses Jahres. Aus unserer Sicht könnte

dies der Auftakt einer „Weihnachtsrally“ zum Jahresende sein – die Gelegenheit zum

Aufstocken von Aktienpositionen wurde also eventuell noch nicht versäumt. Die jüngsten

Einkaufsmanagerindizes der Eurozone liessen keine Anzeichen für eine

Wachstumsverlangsamung in Europa erkennen. Der US-amerikanische ISM-Index hat sich erholt, wobei die Komponente der Auftragseingänge ausserhalb des verarbeitenden

Gewerbes einen starken Wiederanstieg auf 62 Punkte verzeichnete. Dies deutet auf ein

weiterhin kräftiges Wachstum in den USA hin. Der IWF prognostiziert für das kommende Jahr

ein zwar langsameres, aber immer noch solides Wachstum von über 6% in China und eine

Beschleunigung des globalen Wachstums auf 3,6%. Im Übrigen stellte die EZB ein vorzeitiges

Weihnachtsgeschenk in Form zusätzlicher Lockerungsmassnahmen in Aussicht, während eine

Zinsanhebung der Fed ein Zeichen für die wirtschaftliche Stärke der USA wäre.

J.P. Morgan_The Weekly Brief_9.11.2015.pdf

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