20 June 2024 – The mood among professional investors continues to improve. They are holding less cash than they have for three years. And the parties in the UK want to boost the construction industry again.
Investment professionals are focussing on equities again
The mood among professional investors continues to improve. They are holding less cash than at any time in the last three years. Although portfolios still have a significant overweight in bonds, this is currently being reduced. The funds that are freed up are being prioritised for investment in equities. In the past month, this has increasingly been in the eurozone, with European equities being overweighted to a greater extent than at any time in the past two and a half years.
Europe is returning to economic growth
In general, investment experts are currently favouring shares in the growth sectors of technology, banks and communication services. In Europe in particular, however, second-line stocks could also be interesting in the near future, as Europe is returning to economic growth and the raw materials sector and utilities are becoming much more interesting again.
UK: Labour Party prioritises housebuilding
The Labour Party – which leads the polls by a large margin – wants to boost housing construction and build 1.5 million homes over the next five years by deregulating planning processes.
The election programme of the ruling Conservative Party also includes support measures: An increase in the price limits above which stamp duty is payable – which is comparable to land transfer tax – is intended to incentivise building.
However, analysts currently assume that an initial cut in the base rate, which is expected from the Bank of England in the second half of 2024, will send the strongest signals for the UK housing market.
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Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
