6 Feb 2014
Flash: Risky assets in wait-and-see mode - Danske Bank
FXStreet (Barcelona) - Sverre Holbek, Senior Analyst at Danske Bank notes that risk assets are in wait and see mode.
Key Quotes
“The S&P500 index closed with a small loss of 0.2%, after paring a loss of nearly 1.0% during the day. Overall, the sentiment during the US session remained cautious, as investors looked ahead to the ECB meeting and Friday’s employment report.”
“On the latter, a figure above 200k would probably be needed to recoup some of this year’s losses. While tensions in emerging markets seem to have eased somewhat, the moderating outlook for US growth remains a headwind for risky assets as economic surprise indices turn lower. US economic growth came in at 3.2% in Q4 but is expected to slow to 2.5% in Q1 according to the median forecasts.”
Key Quotes
“The S&P500 index closed with a small loss of 0.2%, after paring a loss of nearly 1.0% during the day. Overall, the sentiment during the US session remained cautious, as investors looked ahead to the ECB meeting and Friday’s employment report.”
“On the latter, a figure above 200k would probably be needed to recoup some of this year’s losses. While tensions in emerging markets seem to have eased somewhat, the moderating outlook for US growth remains a headwind for risky assets as economic surprise indices turn lower. US economic growth came in at 3.2% in Q4 but is expected to slow to 2.5% in Q1 according to the median forecasts.”