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Michael Hall, Head of Distribution at Spectrum Markets, the pan-European trading venue for securitised derivatives commented:
“The spring month of May is looking good for German companies, not only because the energy crisis has weakened noticeably, but also because the export-strong German economy is benefiting from positive news coming out of her two major trading partners: the USA and China.
Germany’s DAX 40 index had recently passed the 16,000-point mark, just below its all-time high, and it seems European retail investors are hoping for further upward momentum, looking at our SERIX retail investor sentiment index.
Sentiment has been trending strongly upwards in recent days, continuing even though the DAX 40 gave up some of its gains after peaking on May 19th, with the SERIX hitting a bullish 106 yesterday.
This suggests retail investors remain confident in the German economy, and see risks such as inflation, weakening due to a further rise in interest rates, an increase in the shortage of skilled workers and a further escalation of the Ukraine war as manageable.”
For a detailed methodology and explanation of the SERIX calculation, please visit this link.
