Weekly Market Outlook February 21, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – The sharp rise in industrial production makes it unlikely that the U.S. will land in a recession this year. However, the recovery of oil prices and the support of the Chinese renminbi also contributed to the improvement in sentiment. For now, investors are slowly getting confirmation of what we had already been thinking for some time. Additionally, ‘The City’ is satisfied with the agreement that Prime Minister David Cameron made with the rest of the EU this weekend; a Brexit seems averted.
The coming week is all about the latest company figures, the German Ifo figure, and on Friday, we will have access to the U.S. Q4 GDP report.
This material is communicated on February 21, 2016 by Thirteen Asset Management AG, Rietbrunnen 20, 8808 Pfäffikon SZ, Switzerland. This material is for information purposes only and is not intended to be a solicitation or invitation to invest. Any organizations or products described in this material are mentioned for reference purposes only. This material is intended only for investment professionals and professional clients and must not be relied upon by any other person. It is proprietary information of Thirteen Asset Management AG and may not be reproduced or otherwise disseminated in whole or in part without prior consent from Thirteen Asset Management AG. Alternative investments can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of trading performance and past or projected performance is not a reliable indicator of future performance. We recommend to consult your bank, investment and/of tax adviser.
