J.P. Morgan Asset Management - The Weekly Brief

21.12.2015 13:54 - JPMorgan Asset Management (Switzerland) LLC

Wie von den meisten Teilnehmern erwartet, hob die US-Notenbank in der vergangenen Woche zum ersten Mal seit 2006 die Zinssätze um einen Viertelpunkt (0,25%) an. Auf ihrer Pressekonferenz betonte Janet Yellen, dass die Zinsanhebungen schrittweise erfolgen würden. Jedoch haben der Markt und die US-Notenbank derzeit unterschiedliche Vorstellungen darüber, wie eine schrittweise Zinserhöhung aussehen könnte. Aus dem angehängten Chart ist ersichtlich, dass es entsprechend den Leitzinsprognosen der Fed im Jahr 2016 zu vier Zinsanhebungen kommen könnte, während der Markt derzeit nur von zwei Anhebungen ausgeht. Diese Kluft zwischen den Prognosen der US-Zentralbank und dem Marktausblick muss sich irgendwann schliessen, sodass es 2016 zu einer fortgesetzten Volatilität von Risikoaktiva kommen könnte.

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JPMAM_The Weekly Brief_21.12.2015.pdf

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J.P. Morgan Asset Management - The Weekly Brief

21.12.2015 13:54 - JPMorgan Asset Management (Switzerland) LLC

Disclaimer

No offer, exclusion of liability

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Professional market-data distributors

No guarantee of the functionality of alert services and other services

No guarantee of data security when using the personalised "MyFunds" area

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Local and other legal restrictions

Swiss Fund Data AG

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Privacy Statement of Swiss Fund Data AG

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Web analysis

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Usage and protection of Personal Data

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Responsible Data Protection Officer

Right to withdraw consent in respect of data protection

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