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2019/06/21 / Erste Group Research

Wochenausblick | Notenbanken und Märkte blicken nach Japan

Das wichtigste Ereignis nächste Woche wird das Treffen zwischen USPräsident Trump und Chinas Staatspräsident Xi am Rande des G20 Gipfels in Japan sein. Die Verhandlungen über ein Handelsabkommen liegen ja seit Mai auf Eis. Dies hatte gravierende Auswirkungen vor allem auf die Anleihenmärkte in den USA und der Eurozone. Mit dem ungelösten Konflikt und der Gefahr einer Eskalation stiegen die Risiken für einen spürbaren Konjunkturabschwung. Diese Risiken hatten auch Auswirkungen auf die Notenbanken der beiden Wirtschaftsräume, deren Vertreter auf die Möglichkeit einer weiteren geldpolitischen Lockerung erst diese Woche deutlich hinwiesen.

Ene erste Schnellschätzung der Inflation der Eurozone für den Monat Juni wird nächste Woche veröffentlicht. Wir rechnen mit einem leichten Anstieg der Gesamtinflation auf rd. +1,4% j/j. Besonderes Augenmerk wird allerdings nach der Rede von Mario Draghi in Sintra diese Woche auf der Kerninflation liegen, die im Mai besonders enttäuscht hat.

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General information

AuthorErste Group Research
Product nameWochenausblick
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-


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