Jul 4, 2022
LGT presses ahead with commitment to sustainability and joins three global initiatives
LGT Private Banking recently signed the Finance for Biodiversity Pledge and the Principles for Responsible Investment (PRI) initiative and has become a member of the Institutional Investors Group on Climate Change (IIGCC). Further to its own sustainability initiatives encompassing investments, advisory services and operations, LGT aims to use these memberships to advance the topic of sustainability with competitors and international organizations.
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Jul 4, 2022
LGT Navigator: Subdued start to a challenging second half of the year
In view of today's national holiday in the US, momentum on the stock markets is likely to be limited at the start of the week. On Friday, the latest purchasing managers' surveys from the US, the eurozone and the UK had shown that the mood in industry is as bad as it has been for almost two years. At the same time, inflationary pressure in the euro area also continued to increase, putting further pressure on the ECB shortly before the expected turnaround in interest rates.
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Jul 1, 2022
LGT Navigator: Sobering half-year results from Wall Street & Co.
Against the backdrop of fears of recession and inflation, the first-half results on the stock markets were weak. The balance sheet for the first half of the year is thus sobering, and not only on the New York Stock Exchange. Accordingly, the mood on the stock markets remains fragile and dominated by fears of recession and inflation against the backdrop of the monetary policy turnaround by the central banks.
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Jun 30, 2022
LGT Navigator: Tightrope act for central banks and investors
At the stock exchanges, the outlook for rapidly rising interest rates by the central banks in the fight against high inflation and fears of a recession continued to dominate the mood on the capital markets in midweek. For the central banks, above all the Fed and the ECB, this is a major challenge and remains a balancing act. Fed Chairman Powell warned that entrenched or persistent inflation would be worse than an economic downturn. Meanwhile, the latest data point to persistent inflationary pressures, at least in the short term, weighing heavily on consumer confidence.
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Jun 29, 2022
LGT Navigator: Recession fears and imminent ECB interest rate turnaround set the pace
Consumer confidence in the US and in Europe's two largest economies continued to deteriorate, also dampening sentiment on the stock markets. Recession fears and the monetary tightening course of the major central banks continue to determine events on the capital markets. Statements from the ECB's top management also held out the prospect of the central bank possibly initiating the turnaround in interest rates with a sharp rate hike and then accelerating the pace of monetary policy normalization if the inflation trend continues to worsen.
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