Dass die Aktienmärkte anscheinend unaufhaltsam auf immer neue Höchststände klettern, wirft bei Anlegern die Frage auf, ob eine Korrektur bevorsteht. Eine solche vorherzusagen, ist allerdings schwieriger, als es aussieht, sagt Lukas Daalder, Chief Investment Officer von Robeco Investment Solutions.
Despite the stronger economic growth in Italy, Fitch warned this week about a political gridlock after the 2018 elections, which would then hinder structural reforms. While ahead of the Catalan elections, the previously pro-independence parties have moderated their stance.
Bond markets in Europe performed well in the periphery. In Spain the governments budget plans were broadly accepted by the EU, while Italy still struggels to set up an austere Budget.
Catalan pro-independence parties moderate their stance and Portuguese Finance Minister aims to reduce debt load. There are still political risks in Italy, but for now the ongoing ECB buying and the improving economic backdrop support all peripheral bonds.
Robeco beruft mit sofortiger Wirkung Christoph von Reiche zum Head of Global Distribution & Marketing und Mitglied des Executive Committee.
While the arrest warrant for members of the Catalan Cabinet in Catalonia creates further tensions, Italy is watching the regional elections in Sicily over the weekend. The current strategy of Robeco.
While the Spanish government decides to suspend the Catalan government, in italy the new electoral law has passed the senate and prepared the general elections, probably early March. - The Robeco Europe Update.
While tensions in Catalonia widened, two referenda in Italy will take place this Sunday. Why Robeco maintained the underweight position in Italian government bonds and increased the overweight position in Spanish bonds.
In der Publikation „Expected Returns” für 2018-2022 geht Robeco der Frage nach, welche Renditen Anleger in den nächsten fünf Jahren erwarten können. Chefanlagestratege Lukas Daalder rechnet mit einer milden Rezession in den kommenden fünf Jahren und geht für risikobehaftete Finanzmarktaktiva von niedrigeren Renditen aus.
Peripheral spreads have tightened this week after the Catalan Premier Puigdemont deferred the unilateral declaration of independence. Why Robeco increased the overweight position in Spanish bonds.