Jan 17, 2017
LGT Navigator: Though talk from Trump and May
The verbal sweeping blow of U.S. President-elect Donald Trump and insecurities about the United States’ future trade politics unsettled investors at
the beginning of the week. In effect, Trump’s statements had a negative effect on European bourses, while markets on Wall Street remained closed
due to a holiday. Trump’s threat against foreign corporates (such as German car maker BMW) to introduce punitive tariffs (of up to 35%) on U.S.
market-bound products produced abroad, increased the fear of a trade war between the U.S. and Europe, or as well China.
Jan 16, 2017
LGT Navigator: Solid U.S. data but disillusionment with Trump
Besides relatively satisfactory U.S. economic data, quarterly earnings by the two major U.S. banks JPMorgan Chase and Bank of America ensured a slightly improved investor sentiment at the end of last week. On the other hand, President-elect Trump is making headlines with an attack against German car makers, the European Union and NATO.
Jan 13, 2017
LGT Navigator: Sentiment on stock markets remains clouded
Equity markets traded mostly lower on a stronger euro and a decline in pharma and biotech shares as investors fear pressure from the new U.S.
administration on drug prices. U.S. Federal Reserve Governor Janet Yellen said that the U.S. economy is currently developing well and in the short
term she sees no significant obstacles. In the long term Yellen is concerned about increasing wage imbalances and the weak growth in labor productivity.
Jan 11, 2017
LGT Beacon: Navigating fragile markets
In 2017 there will be no shortage of political events with a potential to at least disrupt the global equity bull market, like the upcoming Brexit process or the German and French elections. Still, we advise investors to remain constructive and focus on setting portfolios on a robust footing by adopting a long-term asset allocation that includes alternative investments.