Managers’ sentiment is no longer so bearish and their optimism is at a 17-month high in global equity allocations, but they believe Europe will experience further slowdown and could see short-term market contractions due to monetary policy. .
According to survey of managers of funds corresponding to September prepared by Bank of America, 63% of investors expect a fall for European stocks in the coming months, although this data down from 71% who estimated this last month.
Despite this expected short-term negative trend in the European market, 61% predict stock market gains in 2024.
Sectors
By sectors, the technology lose the first place with respect to the investors want on top of pharmacist and the public service p
According to survey of managers of funds corresponding to September prepared by Bank of America, 63% of investors expect a fall for European stocks in the coming months, although this data down from 71% who estimated this last month.
Despite this expected short-term negative trend in the European market, 61% predict stock market gains in 2024.
Sectors
By sectors, the technology lose the first place with respect to the investors want on top of pharmacist and the public service They moved into third place.
Loss Cyclical sectors dominate the underweights that the car is the least preferred by investors.
According to the survey published on Tuesday, regarding the state of the economy, 32% of fund managers see a recession in Europe in the next twelve months, compared to 61% who considered it in the previous month.
The report highlighted that although fears of a recession have subsided, risks to growth remain a cause for concern, particularly in Europe, where 89% of investors predict further slowdown in response to monetary adjustment.
In this sense, the report added that the proportion of respondents who expect a global economy remains unchanged in a 14%.
According to inflation 69% estimate that the underlying rate will decrease worldwide in the next year, a figure that, however, is lower than the 81% who predicted it last month.
Likewise, 40% consider that high inflation is higher risk for markets.
In this sense, managers who think that the US Federal Reserve (Fed) the adjustment of its currency has ended because it goes from 47% who thought about it last month, to 60% in September
