Investors favoring a soft landing scenario (soft landing) of China in 2012, ie growth above 7%, the survey conducted in November by Bank of America, Merrill Lynch with managers of assets globally shows a sector rotation in favor of the energy and raw materials. However, technology stocks continue to be their favorite investment for the fourth consecutive month.
They are 36% net to overweight the sector, which has not left the top three places in the ranking since March 2009. The pharmaceutical industry is second to energy.
The commodities sector has enjoyed a resurgence of interest in November: the managers are the 1% underweight in net against 9% in October.
The banking sector continues to be the most unpopular to insurance and utilities.
US stock markets closed sharply higher Monday a volatile session in the hope that the Europeans finally able to take steps to reduce debt and Greek recapitalize their banks.
The indices reached their highest at the very end of the session, in response to information from the U.S. television network CNBC that European officials plan to establish a flow of funds for a mutual fund (SPV, special purpose vehicle) that issue bonds and buy the European sovereign debt. A little earlier in the day Monday, officials from the euro area had them minimized speculation measures to halve the Greek debt and recapitalize European banks, noting that no such scheme was still on the table.
A spokesman for the Greek government and said that Athens had not discussed with the International Monetary Fund (IMF) and other countries in the euro area of a scenario involving a 50% discount on sovereign debt the country. The Greek Finance Minister Evangelos Venizelos had denied him newspaper articles according to which a default ordering strategy of Greece was discussed during his meeting with the Executive Director of the IMF and the President of the European Central Bank on Sunday night in Washington .
But hope still allowed European Stock Exchange finally override an unfavorable statistical properties. Sales of new homes fell 2.3% in August, after falling 0.3% in July (revised from -0.7%), according to figures released Monday by the Commerce Department.