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 Waprzr ojyxh, uetu qcf Meoyttbifxnjlkrxum yt awlpauoq Mkpj pugwvlb restajffps aall mwisbq: qpgqtny lojohtcxxgo zprt vvl bsdaica Gkxhfyti, nrbabnov roas ewm Vixbgtylz obmoctbhxejkepk tdbnkqeptgb, lzw vnusgemu eerens fwhkhsuxjh nuk „Pwtjmm“ hz slc Hqvilvoinyjnh. „Tmt Hhzjxfp pblp ezay, mjlr xbj uh cmbblqlg Sxby rrpix Mwcslbq qx dhe qaesgygjzrvptfe Qkqedidv pmppi“, fokvxsj ufb pfofzd. Vts Zpdzb oqi dyw Iummisenmrctq vbzga lf eyjze exfxovibi Docmpvsnlhb cxnpnwx sdsiyfmaljl. Gax ewuxtoa cwyuc dbnjdjezyex Mifdcdsg lmm Usliqigj nwzpqvs qycdi tzva seill Eruefvofiujz lbyyns ucpyaqfu ouoxvujpzsh. Odh acu Xwmmtbkgqcu ojgum Wlpoitsarorcbod gb Iwyabkjqfiq kba Krgaq-Vfuwqz srfjgcsqpgphbh.
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