Danske Bank skriver i den ugentlige Credit Update
That said, the ‘fear’ VIX index is currently not at an alarming level despite the pick-up in recent weeks (see charts above). So while we believe the current sentiment will remain for a while, we also believe that central bank initiatives combined with a relatively strong US outlook in the medium term and our belief that Germany has surprised on the downside mainly for seasonal reasons suggest we should not be overly concerned. The US earnings season has started on a positive note and while only a small number of companies have reported so far, it can be a catalyst for the re-emergence of risk appetite. In Europe, SKF presented a slightly disappointing Q3 result. SKF is often an indicator of the health of European companies and the results points to further decoupling between the US and Europe.
