Professional Documents
Culture Documents
(tatistics
Poll running2 "/."%. "=."%.$"%/
For the other countries and regions& the headline indices rise #oth 7ur+e$ participants2 >"? for the current situation and for expectations. "nterestingl$- the '( 5o# )hich institutional in+estors2 $$! indicators end relati+el$ )ea.. /ll in all- the beginning o# the $ear is 8 +er$ strong. 0onse1uentl$- there are this time t)o things to celebrate2 )Happy New Year * Happy +irthday!, 3 the sentix economic indices are no) %" years old!
22.01.2013 & 2E3 economic expectations2 another strong rise- probabl$ to around 2, points 24.01.2013 & Flash 456s 5 uroland- 0hina- 67/82 clearl$ up 2,.01.2013 & ifo #usiness climate2 expectations rising strongl$ againprobabl$ to o+er 100 points 01.02.2013 & 6(5 6ndex 7'(89& 456 :hina2 clearl$ up
-a#le of the .anuary $"%/ results for the euro 0one economy
=x
?x
7. Januar 2013 Please read the disclaimer on the last page! 2012 sentix GmbH 1
:ommentary on the survey results for .anuary $"%/ Happy New Year! Euroland catches up strongly
-he composite index for Euroland shows a strong improvement in .anuary and rises for the fifth time in a row. -he rise in economic expectations is especially pronounced& rising to the highest value since Fe#ruary $"%%. +oth the assessments of the current situation and expectations of other countries and regions all point upward. -he '( values end comparatively wea1. 8ll in all& the #eginning of the year is very strong. -hus& we cele#rate #oth the start of the new year and the %"th #irthday of the sentix economic index! "n Januar$- the composite index for Euroland rose #rom &1'.( to no) !." points. +oth the assessment of the current situation and the expectations components improve. %he rise in expectations is especiall$ pronounced. Here- the index rises b$ 13., points and is no) clearl$ in the positi+e ?one at 12.0 points. /mongst the *0' sur+e$ participants there is no) a clear ma@orit$ o# economic optimists #or the coming ' months. %hat the impro+ement o# the indices #or the euro ?one is this strong is on the one hand due to the man$- smaller positive news around Euroland2 ;reece had its #irst positi+e headlines in a long time )ith a success#ul bu$ing bac. o# debt and an upgrading 5!8 o# its credit rating b$ 7tandard A PoorBsC in (pain- unemplo$ment dropped 5!8 unexpectedl$ in DecemberC 6reland )as able to report a better 5!8 than expected budget de#icit and in ;ermany- the countr$ on )hich the hopes o# a euro ?one reco+er$ lie- the labour mar.et pro+ed +er$ robust- and the i#o business climate is once again on the rise. An the other hand- the '(8 )ere able to #end o## a plunge o+er the #iscal cli##- but in )hat disappointing manner! %his can be #ound in the respecti+e economic indices. 6n fact& in .anuary& the rises in the euro 0one indices for the assessment of the current situation and the expectations 7and with that also of the composite index9 are the strongest of all surveyed countries and regions.
sentix economic index Euroland: current situation 7red9 and expectations 7#lue9
7. Januar 2013
Please read the disclaimer on the last page! 2012 sentix GmbH
B/>&"
B$/&$
7. Januar 2013
Please read the disclaimer on the last page! 2012 sentix GmbH
B!&D
7. Januar 2013
Please read the disclaimer on the last page! 2012 sentix GmbH
7. Januar 2013
Please read the disclaimer on the last page! 2012 sentix GmbH
7. Januar 2013
Please read the disclaimer on the last page! 2012 sentix GmbH
'
Data a+ailabilit$
/bout sentix
Nn a )ee.l$ basis- almost 4.000 registered in+estors 5o# )hich about *00 are institutionals8 suppl$ us )ith their mar.et assessment. Nut o# this datasentix calculates sentiment indexes- )hich mirror the sentiment o# e1uit$ mar.ets 5D/O- uro7%NOO ,0- Pi..ei 22,- 7AP ,008- bond mar.ets 5Mund& 9uture- 67&%reasur$&9uture8 and currencies 5 6!<67D- 67D<K P8. %hese sentiment indexes are setting the standard- held in high regard b$ man$ reno)ned #inancial pla$ers and are used b$ in+estment pro#essionals in their anal$ses and in+estment processes. / histor$ o# more than ele+en $ears and the simple access to data +ia reputable data pro+iders as )ell as a )ebsite document the outstanding position o# sentix as the leading independent sentiment data base.
7. Januar 2013
Please read the disclaimer on the last page! 2012 sentix GmbH
Disclaimer
Important information concerning liability, compliance, protection of investors and copyright
%his in#ormation is meant onl$ #or distribution in countries in )hich this is permitted b$ la). %his anal$sis is #or in#ormation purposes onl$ and 5i8 does not constitute or #orm part o# an$ o##er #or sale or subscription o# or solicitation o# an$ o##er to bu$ or subscribe #or an$ #inancial- mone$ mar.et or in+estment instrument or an$ securit$- 5ii8 is neither intended as such an o##er #or sale or subscription o# or solicitation o# an o##er to bu$ or subscribe #or an$ #inancial- mone$ mar.et or in+estment instrument or an$ securit$ nor 5iii8 as an ad+ertisement thereo#. %he in+estment possibilities discussed in this report ma$ not be suitable #or certain in+estors depending on their speci#ic in+estment ob@ecti+es and time hori?on or in the context o# their o+erall #inancial situation. %he in+estments discussed ma$ #luctuate in price or +alue. "n+estors ma$ get bac. less than the$ in+ested. 0hanges in rates o# exchange ma$ ha+e an ad+erse e##ect on the +alue o# in+estments. 9urthermore- past per#ormance is not necessaril$ indicati+e o# #uture results. "n particular- the ris.s associated )ith an in+estment in the #inancial- mone$ mar.et or in+estment instrument or securit$ under discussion are not explained in their entiret$. Ee assume no liabilit$ #or the in#ormation contained in this anal$sis. %he anal$sis is no substitute #or personal in+estment consultation. +en on the basis o# the depicted opportunities and ris.s- in+estors must indi+iduall$ assess 3 on the basis o# their o)n personal in+estment strategies- the #inancial- legal and #iscal situation & )hether an in+estment in the #inancial instruments depicted here is sensible #or them. /s this document is in no )a$ a direct in+estment recommendation- this document or parts o# it should not be used as the basis #or an$ conclusion o# contract or #or an$ commitment to obligations o# an$ .ind. "n+estors are as.ed to contact the in+estment anal$sts o# their ban.s #or indi+idual in+estment ad+ice and other indi+idual explanations and ad+ice. Peither the sentix GmbH nor an$ o# its managing directors- emplo$ees or other persons assume liabilit$ #or losses or damages caused in connection )ith the use o# this document or its contents. %he sentiment anal$sis is made a+ailable +ia the internet to those sentix participants o# )hich is assumed that the$ do not base their in+estment decisions inappropriatel$ on the basis o# this anal$sis. 7tatements or conclusions made through data or ser+ices do not include )arrants or guarantees #or #uture mar.et& or price changes. %he opinions and assessments expressed therein can change )ithout prior notice. %he sentix GmbH explicitl$ points out that both the sentix GmbH- its legal agents as )ell as their emplo$ees 5in the #ollo)ing2 the "n+ol+ed8 regularl$ conduct transactions in e1uit$ and other #inancial instruments )hich the data and ser+ices re#er to. %he$ do this both in their o)n names and #or their o)n accounts as )ell as in the name and accounts o# third parties. 7hould the "n+ol+ed ha+e been in+ol+ed in an emission o# instruments #or the #inance mar.ets in the past 12 months- this is separatel$ indicated at the corresponding place. /ll rights o# use #or this anal$sis- its data and ser+ices are propert$ o# the sentix GmbH and are cop$righted. %he sentix GmbH reser+es its right to in#lict penalties #or the unauthori?ed usage o# data and ser+ices- especiall$ unauthori?ed commercial use. / reproduction or subse1uent processing o# )ebsite elements- anal$ses- data or ser+ices in electronic- )ritten or other #orm is prohibited )ithout prior consent b$ the sentix GmbH. /nal$ses that are onl$ a+ailable in the secure customer area ma$ not be 1uoted- neither in #ull- nor in part. /n exception to this are anal$ses- data or ser+ices )hich ha+e been posted b$ the sentix GmbH +ia the press mailing list or )hich ha+e been presented in other #orm #or public propagation. %his anal$sis ma$ not 3 either in #ull or in part- regardless o# underl$ing intent 3 be #or)arded- reproduced or published. QsentixH is a registered trademar. o# Jan#red HRbner and Patric. Huss$. D/O- %ecD/O- Oetra und urex are registered trademar.s o# the Deutsche MSrse /G. Do) Jones 6!N 7%NOO ,0 is a registered trademar. o# the 7%NOO ;imited. Nther names o# products and companies )hich ma$ be mentioned on this site could also be protected or be registered trademar.s o# other companies. ANALYST DECLARATION Peither in the past- present or #uture is the remuneration o# the author lin.ed 3 either directl$ or indirectl$ 3 to his or her recommendations or +ie)s expressed in this context.
7. Januar 2013
Please read the disclaimer on the last page! 2012 sentix GmbH