Periphery bond markets initially found some stability amidst wider market turbulence as the Italian government continues to express a more conciliatory tone towards Brussels.
In den letzten Monaten sind die Märkte durch raue See gesegelt. Aber es gibt auch Umstände, die sich positiv auf Aktien auswirken, betont Robeco-Stratege Peter van der Welle.
The Italian government’s change to a more conciliatory tone towards Brussels is remarkable. It could open the door to more constructive negotiations and possibly soften Brussels’ approach to consolidation targets somewhat.
In nicht allzu ferner Zukunft werden Online-Zahlungen der Standard und Barzahlungen die Ausnahme sein. FinTech-Unternehmen werden von diesem Trend profitieren - wie Anleger daran partizipieren.
Initially peripheral spreads rose again this week as risk off mood prevailed. Later in the week spreads recovered again as a Brexit agreement seemed to be in reach coming weekend.
Periphery spreads widen as Brexit worries take hold. Minor adjustments in Italian budget plans likely not enough to avoid an excessive deficit procedure.
The string of disappointing Italian news continued this week with composite PMI falling below 50 and the EC reporting that Italy’s budget deficit could rise above 3% in 2020.
Nachfolgend finden Sie aktuellen Informationen zum Robeco Capital Growth Funds SICAV hinsichtlich eines Wechsels der Depotbank und damit verbundener Funktionen.
Peripheral spreads tightened last week, although on limited news. As widely expected, S&P did not downgrade Italy’s credit rating, and only lowered the outlook to ‘negative’.
After the recent rally in bonds, there is some room to price in a more hawkish trajectory for both the Fed and the ECB, but this remains limited.