News & Research

Sentiment declined sharply last week, becoming negative in Asia ex-Japan, Japan and developed Europe, with the latter ending bearish for the first time since early April. We continue to see a divergence of sentiment between developed- and emerging-market investors, with the former remaining bearish and the latter increasingly bullish.

Sentiment remained negative in the US and developed Europe last week, and bearish in global developed markets. Hopes for further monetary and fiscal stimulus out of China managed to keep sentiment positive in Asia ex-Japan, global emerging markets and China, for the time being.

Sentiment continues to be poor or bearish among developed-markets investors, except in Japan, where the weak yen and dovish BoJ are underpinning a positive mood.

nvestor sentiment ended the week bearish in the US and in global developed markets. It declined to a more negative mood in developed Europe, but just short of a bear level. Sentiment continued to improve, meanwhile, in Asia ex-Japan, global emerging markets and China on the back of the latter’s economic stimulus plans.

Investor sentiment remained bearish in the US and global developed markets last week, and negative in Europe. In contrast, sentiment continued to recover in Asia ex-Japan, global emerging markets and China, on the back of the Chinese government’s pledge to provide economic, fiscal and monetary support.

Last month’s recovery in sentiment was sent into reverse in May with investors in the US, developed world and Asia ex-Japan ending last week bearish. Sentiment also weakened in developed Europe, ending in negative levels but not yet bearish. Investors in emerging markets, Japan and China ended the week neutral.

The recovery in sentiment that began in March and peaked during the last week of April is showing signs of weakening. Sentiment in five of the seven markets we track is now back in negative territory, with investors in the US ending the week bearish.

The recovery in investor sentiment which began in late March in most markets except China, peaked and started to reverse last week, ending lower in all markets except Japan.

Investor sentiment continued to recover from its bearish lows reached in early March, ending the week mostly neutral in all markets we track.

Investor sentiment continued to rise in all markets we track, with only developed Europe and global developed markets ending the week still bearish but well off their April lows.

Investor sentiment continued to improve last week in all markets we track, on the back of lower market risk.

Investor sentiment ended the week bearish in all markets we track except China, where strong regulatory support has lifted it back to neutral.