Flooded suburban neighborhood

Три страха, тянущих на дно мировые рынки

ЛОНДОН – Январь обычно считается хорошим месяцем для фондовых рынков – в инвестиционные фонды поступают новые деньги, а связанные с налогами продажи в конце года завершаются. Данные о доходности инвестиций в США свидетельствуют, что январские прибыли исторически всего лишь незначительно выше среднемесячной нормы. Однако широко распространенная вера в бычий «январский эффект» привела к тому, что ослабление мировых фондовых рынков в январе этого года оказалось особенно шокирующим.

Однако пессимисты правы, путь даже они иногда преувеличивают магию января. По подсчётам Reuters, нынешний год начался с крупнейшего за столетие падения котировок в течение первой недели. Из-за снижения мирового индекса MSCI на 8% нынешний январь оказался хуже, чем 96% всех месяцев за всю историю индекса. Итак, насколько сильно нам следует беспокоиться по поводу состояния мировой экономики?

Есть три страха, которые, по всей видимости, влияют сейчас на психологию рынков: Китай, нефть и страх перед рецессией в США или в мире.

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