Erste Asset Management - Blog

Artikel zu Schlagwort: Recession
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Gerhard Winzer am 07th March 2016

Capital markets take a little breather

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The economic indicators are falling but do not suggest a recession. The central banks are implementing expansive measures in order to fight deflation risks and to stabilise the financial markets. Hence, the data is slightly better than capital markets were expecting. This gives room for a little breather.

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Gerhard Winzer am 17th February 2016

Short-term recovery

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Growth is weak, and the downside risks are elevated. However, in a pre-emptive move, the market has already priced in the materialisation of some of the risks. The current development would not immediately suggest it. A short-term phase of recovery on the equity markets would fit this picture.

The past days and weeks have not been easy. The market participants feel unsettled, and pessimism has been on the rise. While the former is justified, we regard the degree of pessimism as overshooting, at least in the short run. The market now has a drastic and imminent economic weakening, i.e. a partial materialisation of the existing risks, priced in.

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