\nInvestitorii institu\u0163ionali de calibru \u00eencep s\u0103-\u015fi retrag\u0103 masiv capitalurile din Statele Unite, alarmati de escaladarea datoriilor federale \u015fi de politicile comerciale imprevizibile promovate de pre\u015fedintele Donald Trump. \u00centr-o mi\u015fcare f\u0103r\u0103 precedent, fonduri uria\u015fe \u00eencep s\u0103 se orienteze spre pie\u0163ele din Europa \u015fi Asia, pun\u00e2nd sub semnul \u00eentreb\u0103rii domina\u0163ia tradi\u0163ional\u0103 a bursei americane, informeaz\u0103 Bench Market Beat.<\/p>\n
\n\u00cen ultimele luni, volatilitatea accentuat\u0103 a politicii comerciale americane a generat turbulen\u0163e pe pie\u0163ele globale, provoc\u00e2nd o depreciere semnificativ\u0103 a dolarului \u015fi o performan\u0163\u0103 slab\u0103 a indicilor bursieri de pe Wall Street, \u00een contrast cu rivalii europeni care au \u00eenregistrat cre\u015fteri notabile.<\/p>\n
\nProiectul de reform\u0103 fiscal\u0103 propus de Trump, de\u015fi considerat \u201erevolu\u0163ionar\u201d de sus\u0163in\u0103tori, este estimat s\u0103 adauge peste 2,4 trilioane de dolari la datoria na\u0163ional\u0103 a SUA \u00een urm\u0103torul deceniu. Acest context tensionat ridic\u0103 serioase semne de \u00eentrebare \u00een r\u00e2ndul marilor juc\u0103tori financiari, care \u00ee\u015fi reevalueaz\u0103 expunerea pe pia\u0163a american\u0103.<\/p>\n
\n\u201eDeficitul era deja o problem\u0103. Acum doar se agraveaz\u0103\u201d, a avertizat Seth Bernstein, CEO al AllianceBernstein, care administreaz\u0103 active de peste 7.800 de miliarde de dolari. \u201eC\u00e2nd combini incertitudinea unei politici comerciale haotice cu deteriorarea fiscal\u0103, este firesc s\u0103 ne g\u00e2ndim la diversificare.\u201d<\/p>\n
\nCompanii de investi\u0163ii, fonduri de pensii \u015fi gigan\u0163i financiari precum Neuberger Berman, Schroders \u015fi Blackstone \u00eencep s\u0103 \u00ee\u015fi redirec\u0163ioneze fondurile c\u0103tre Marea Britanie, Fran\u0163a \u015fi Germania. Chiar \u015fi fondul de pensii Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec \u2013 al doilea cel mai mare din Canada \u2013 a anun\u0163at c\u0103 va reduce expunerea pe SUA \u00een favoarea Europei.<\/p>\n
\n\u201eAmerica a fost, timp de un secol, cel mai profitabil loc \u00een care s\u0103 investe\u015fti. Dar \u00eencepem s\u0103 ne \u00eentreb\u0103m dac\u0103 aceast\u0103 excep\u0163ionalitate american\u0103 mai este valabil\u0103\u201d, a declarat un oficial canadian.<\/p>\n
\nConcret, \u00een 2025, S&P 500 este \u00een sc\u0103dere cu aproape 2%, \u00een timp ce Stoxx Europe 600 \u00eenregistreaz\u0103 o cre\u015ftere de 9%.<\/p>\n
\nChiar dac\u0103 multe dintre tarifele impuse de Trump au fost retrase, dolarul american r\u0103m\u00e2ne aproape de un minim al ultimilor trei ani, \u00eenregistr\u00e2nd o sc\u0103dere de 9% doar \u00een acest an. Acest lucru afecteaz\u0103 direct \u00eencrederea investitorilor str\u0103ini \u00een moneda \u015fi activele americane.<\/p>\n
\n\u00cen schimb, Europa ofer\u0103 o relativ\u0103 stabilitate politic\u0103, investi\u0163ii \u00een infrastructur\u0103 \u015fi o revenire economic\u0103 lent\u0103, dar constant\u0103 \u2013 ingrediente atractive pentru capitalul interna\u0163ional \u00een c\u0103utare de siguran\u0163\u0103.<\/p>\n
\nUnii investitori r\u0103m\u00e2n pruden\u0163i, \u00eentreb\u00e2ndu-se dac\u0103 pie\u0163ele fragmentate din Europa sau Asia pot absorbi volumele uria\u015fe de capital relocate. \u201eEuropa are poten\u0163ial, dar e birocratic\u0103. China e complex\u0103. Unde mai po\u0163i plasa zeci de miliarde cu \u00eencredere?\u201d, se \u00eentreab\u0103 Mark de la Oaktree Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"
Investitorii institu\u0163ionali de calibru \u00eencep s\u0103-\u015fi retrag\u0103 masiv capitalurile din Statele Unite, alarmati de escaladarea datoriilor federale \u015fi de politicile comerciale imprevizibile promovate de pre\u015fedintele Donald Trump. \u00centr-o mi\u015fcare f\u0103r\u0103 precedent, fonduri uria\u015fe \u00eencep s\u0103 se orienteze spre pie\u0163ele din Europa \u015fi Asia, pun\u00e2nd sub semnul \u00eentreb\u0103rii domina\u0163ia tradi\u0163ional\u0103 a bursei americane, informeaz\u0103 Bench Market […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[5828,5826,466,12992,438,459,7148,7633,186,106],"class_list":["post-237178","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-america","tag-asia","tag-capital","tag-datorie","tag-europa","tag-exod","tag-fonduri","tag-investitori","tag-razboi","tag-sua"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/237178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=237178"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/237178\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=237178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=237178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=237178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}