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316 entries

Nov 29, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Concerns about global supply chains weigh on outlook for world economy

Fears of even stricter measures by China against the corona pandemic and protests against the zero-Covid policy are again causing increased uncertainties regarding the still fragile global supply chains. This is not only clouding the outlook for the global economy, but also sentiment on capital markets.  Moving into focus this week are now new data on the US labor market. In addition to the report from ADP on Wednesday, financial markets are eagerly awaiting the official end of week. This is also likely to be of great importance for the further course of US interest rate policy. In this regard, the regular economic report of the Fed, the so-called Beige Book, on Wednesday evening could also provide clues.

Nov 28, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: China dampens market sentiment

Protests due to strict Covid measures spread across China over the weekend. Demonstrators clashed with police in Shanghai and large crowds gathered in Beijing. In some cities, protestors damaged Covid testing sites. The protests add fresh uncertainty about the reopening of the world’s second-largest economy, which has stuck to a zero-Covid policy that is much stricter than curbs in place in most parts of the world.

Nov 25, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Daily Covid cases in China break record

Covid cases reached a high in China, breaking a record from mid-April and unsettling some investors who had hoped that the world’s second-largest economy would soon be reopened completely. Outbreaks were spread across the country, including in the southern industrial epicenter of Guangzhou. Stricter measures such as mandatory testing, quarantine and lockdowns, particularly in industrial hot spots, could wreck global supply chains and affect other economies.

Nov 24, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Fed report signaling slower rate hikes bolsters markets

A report showing that a large majority of US Federal Reserve policymakers back slowing interest rate hikes soon supported stock markets Wednesday. The Federal Open Market Committee (FOMC) minutes, which log events at the meeting where Fed officials make policy decisions, showed some members were becoming concerned about tightening monetary policy too much. Many investors had been waiting for a hint that the Fed’s next interest rate hike, due next month, could come in less than the previous 75-basis-point moves.

Nov 23, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Markets up despite expecting continued monetary tightening

Stock markets were trading up Wednesday after a strong close in the US on Tuesday. The jump comes even as markets have received a slew of signals that central banks may raise interest rates longer and faster than many investors had expected. Wednesday could be a busy trading day as the week is cut short in the US due to the long Thanksgiving weekend beginning Thursday. Impulses are likely to come from Purchasing Managers’ Indexes from several G7 countries, US consumer sentiment and the Federal Open Market Committee meeting minutes.

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