Die Marktstimmung war im Juli labil. Anleger konzentrierten sich weitestgehend auf die Entwicklungen in Europa und den USA. Rückläufiges Wachstum, hohe Inflation und die Implementierung von geldpolitischen Straffungsmaßnahmen in einigen Schwellenländern trugen ebenfalls zur Nervosität bei. Befürchtungen, dass sich die europäische Schuldenkrise auf Italien ausweiten könnte, ließen Anleger in "sicherere" Häfen flüchten. Der US-Dollar schien seinen Status als "sicherer Hafen" einzubüßen. Im Mittelpunkt der Sorgen standen die Schuldensituation in den USA sowie das Unvermögen des Gesetzgebers, die Schuldenobergrenze von 14,3 Bio. US-Dollar vor der Frist am 2. August anzuheben. Für Unruhe sorgte auch die mögliche Herabstufung der AAA-Bonitätseinstufung xbb DBS. Kzj sogvpp Cnfhgm umytl Ritsfofssnkyrph ab Ncgg bu LT-Pvxhre xe 8,3% twda.
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