By
Borsgade
The various chief strategists at Nykredit give their assessment and an excellent overview of the summer’s main stories: The development of economies across the globe, interest rate developments, currency, mortgages and much more.
In the markets, they cite the large price increases in the US, with the S&P up more than 10% in June and July, while the European Stoxx 600 index could not quite follow suit with an increase of about 5%.
In terms of the market, the summer has been characterised by increasing optimism – or rather diminishing pessimism. Inflation fears and growth concerns have subsided, and this has supported especially the risky assets, where parts of the stock market have also been supported by the hype about artificial intelligence. […]
The economic picture remains mixed, but overall recession fears have declined. It is driven by relatively robust developments in US key indicators, which have caused several large banks to drop recession expectations. In Europe and China, on the other hand, growth indicators have disappointed, but not enough to drown out signals from the United States. The sluggish recovery in China has led to the announcement of stimulus. However, it is still unclear on what scale
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