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Despite persistent political uncertainties
sees the price potential of Deutsche Bank for equities. "Solid
Corporate profits and favorable valuations could be a good thing
Environment for prices rising moderately, "said Ulrich
Stephan, chief strategist for private clients and large companies
Wednesday in Frankfurt.
Thus, the bank has predicted for the German index Dax
Points. At the current level, this would represent an increase of about 9%.
The Eurozone stock market barometer, the EuroStoxx 50
could then be around 3,300 points (plus 4%). the
American broad index S & P 500
even at about 3000 points (plus 12 percent).
In the United States, strong corporate earnings growth as well as
return on high equity and record share buybacks for courses,
said Stephan. However, US equities are already relatively high
nominal. European stocks, on the other hand, are quite cheap
while corporate profits are comparatively weak
developed. Meanwhile, in particular, many Asian countries
Emerging markets combine strong earnings growth and
low grade.
Regarding individual industries, Stephan has raised the low
Partially high dividend valuations and returns of companies
sectors of industry, finance and commodities. at
Technology experts, however, advised the expert to differentiate:
"Investors need to be more specific about each business model
watch. "Many technology companies are indeed very broad and
as in the areas of e-commerce, cloud computing and artificial technologies.
Active intelligence at the same time. It would be rather years instead
It takes months to realize the economic potential of innovation in
Get to the real economy.
But above all, political stressors are expected to increase in 2019
even greater fluctuations in the financial markets
this year. "In Europe, we continue to be accompanied by the
Budget conflict with Italy and concerns about an unregulated country
Brexit, "said Stefan Schneider, chief economist for Germany
Deutsche Bank Research. Before the ink under contract of retraction
between Great Britain and the European Union (EU)
dry, it will not achieve lasting relaxation.
In addition, Italy clings to EU standards
inappropriate housekeeping. This threatens the country's rating and therefore
the stability of the entire euro area.
Add to that the global trade dispute, especially between
United States and China. "From this trade conflict can
more and more a struggle for economic and technological
Become a market leader. It's basically about who the standards are
", added the Deutsche Bank expert, Stephan./la/ag/jha/
ISIN DE0008469008 EU0009658145 US78378X1072
AXC0178 2018-11-28 / 14: 22
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