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INVESTMENT OUTLOOK 06.2016 IMT Asset Management

Brexit and Fed rate-hike expectations weigh on markets

In May developed equity markets consolidated after the recovery in March and April. The US S&P index continued to outperform European equity markets, which in our view at least partly reflects the Brexit risk premium. We continue to believe that UK voters will finally not be ready to take the major risks associated with a Brexit. We also think that bookmakers’ odds, which clearly indicate a win for Remain, show a more unbiased picture than the opinion polls, which suggest a 50-50 chance.  .... 

 

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07.07.2016, 14:12 von Echo Master | 1310 Aufrufe

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