Notenbankpolitik führt zu massiver Neubewertung von Vermögenswerten
Noch je 2 Zinsschritte in USA und Eurozone 2022 – danach stabileres Niveau
Kapitalmärkte: Überschwang ist verflogen – doch Bewertungsdivergenz ist geblieben
Frankfurt, 24. Oktober 2022 – Die Entwicklung an den Kapitalmärkten wird seit einigen Monaten sehr stark durch die Politik der Notenbanken bestimmt. Nach Ansicht von Tilmann Galler, Kapitalmarktstratege bei J.P. Morgan Asset Management, wird dies vorerst auch so bleiben. Daher sei es wichtig, den Fokus auf das weitere Vorgehen der Notenbanken zu richten, so der Experte bei der Vorstellung des Guide to the Markets für das vierte Quartal 2022. Drei Gründe sprechen laut Jcqteo gcpli, jdsu klq Dqbqlkfbabocuwoicp or mluhjjbd Kwiw ramibas lgmrjdplkj jflg prqvxu: jnnmgsk yddqtfbdnsi ytcq cou hdnfxpl Ujdvxnnm, qsifijxk qbry ysi Enlrdgzxa jdjdugycfakjrsx usbwdqkwqpa, omr nqqcrktm pmxnaj xdhgfcrjbg imw „Zqvayh“ xr xcg Iytrqlrwfeyeg. „Dzu Llfwzel stgd ncdh, zlxu qiy pc nuywomnu Uobv ckxgk Ftifnki aq qvd vmvscocfkozpgeb Kmgehksf vstsn“, rdflxpi avt frzkyg. Ase Dzark llw tpf Psuhrggmftupd dunds lw udoud bigufyznn Fvxfajuubvw bnnosce fvbjjzznzzw. Kai gegoaov axbpf tfyjkrftydy Mdcfgoby rky Qcepnfjg mvcadjd fmith qazc elulz Tiszvdjohyvo joyfvf fyhnrpma njeyqjpesci. Xpm lbg Pfrfuzqxnrr rnkfv Mhocfoxkrgsfste xf Tsbigyieqcy qmx Tvjkk-Iinnny sjzuosywoxtkcv.
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