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Aug 3, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: Concerns over cooling growth weigh on Wall Street

Disappointing economic data caused losses on the American stock markets on the first trading day in August. Industrial activity in the US and China cooled surprisingly. This also put pressure on oil prices. Meanwhile, the scarce availability of raw materials slows German industrial production.

Aug 2, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: China's economy is cooling down

Chinese industrial activity falls to its lowest level since April 2020 in July. US consumers are in a spending mood at the start of the summer and the European economy finds its way out of recession in the second quarter.

Jul 30, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: US economy is growing faster than before the crisis

The US economy grew strongly in the second quarter, benefiting from robust private consumer spending. The outlook remains favorable, but the spread of the delta variant is causing uncertainty. In the eurozone, the economic sentiment is at a record high.

Jul 29, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: Federal Reserve launches tapering debate

The Federal Reserve is sticking to its expansionary monetary policy for the time being. However, the Fed board also said that the economy has recovered in recent months and Federal Reserve Chairman Jerome Powell confirmed that there had been initial discussions about how a possible withdrawal from securities purchases might look like. In the wrangling over the fiscal package that US President Joe Biden has promised, the government has achieved an initial breakthrough.

Jul 28, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: New Chinese regulations cause unrest worldwide

Over the weekend, the Chinese government announced several new regulations, one of which targeted the education sector. The new regulations were much more severe than anyone had expected, going as far as requiring education companies to convert to non-profit organizations. This basically threatens to extinguish an entire business sector. Investor reaction was harsh, and the Hang Seng Index has since slumped by around 8%.

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