ROOF Highlights

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.

Investor sentiment remains deeply bearish in all markets we track except China (domestic), where it recovered slightly on the back of heavy verbal support from key regulators in the last two weeks.

US: Quiet week on the data front with only a few Fed speeches to look out for; Europe: No data but the recent rise in COVID-19 cases will be in focus; APAC: No data this week but news on COVID-19 lockdowns in China will be watched; Globally: The ongoing conflict in Ukraine, and the still fluid COVID-19 situation across Europe and Asia, will continue to dictate investor sentiment.

Investor sentiment ended bearish last week across all markets we track, except for global developed markets, where investors remain, simply, very negative.

Investor sentiment remained bearish last week in most markets we track, recovering only slightly among global developed-markets and Chinese investors, but remaining very negative there too.

For the second time this month, investor sentiment across all markets we track ended the week bearish.

Investor sentiment ended the week bearish in all markets we track, with investors in emerging markets and China joining all others after weeks of being slightly less negative.