Jan 21, 2022
LGT Navigator: Bond yields keep equity markets in check
At the end of the week, stock market sentiment remains depressed. Expectations of a more restrictive monetary policy by the Federal Reserve and rising yields on the bond market are putting increased pressure on share prices. The aggravated tone in the Ukraine conflict is also causing increasing nervousness. Today, US Secretary of State Blinken is meeting with his Russian counterpart Lawrow in Geneva for talks. While the United States and its Western allies are demanding a withdrawal of Russian troops, Moscow is demanding security guarantees and an end to the eastward expansion of the Western military alliance NATO.
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Jan 20, 2022
LGT Navigator: China's central bank cuts interest rates again
On the New York Stock Exchange, the expectation of a significantly more restrictive monetary policy on the part of the Federal Reserve and, as a result, rising bond yields, continues to cause selling pressure even after three weak days on the stock market. At midweek, the yield on ten-year US Treasuries reached a two-year high, and the yield on German Bunds with the same maturity was slightly positive for the first time in almost three years. On Asia's stock markets, on the other hand, a further easing of interest rates by the Chinese central bank provided relief.
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Jan 19, 2022
LGT Navigator: Yields put pressure on stock markets
After a holiday, the US stock markets got off to a late start in the new week and immediately came under pressure. In Asia this morning the negative trend continued. The background is once again primarily interest rate concerns and an unsuccessful start to the corporate reporting season that has just begun. On the bond market, the yield on ten-year US government bonds climbed to 1.89%, reaching its highest level in two years.
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Jan 18, 2022
LGT Navigator: Bank of Japan raises inflation forecast but maintains ultra-loose policy
While US stock markets remained closed for the holiday, Europe's equity markets started the new week on a positive note thanks to positive stimulus from the Chinese central bank's monetary easing. This morning, the Bank of Japan reaffirmed its expansionary monetary policy, but revised its inflation forecast upward and was slightly more optimistic in its growth outlook.
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Jan 17, 2022
LGT Navigator: A mixed start to the earnings season
Although the first quarterly results of the two major US banks JPMorgan and Citigroup exceeded market expectations, they did not provide any real positive impetus for general stock market sentiment. On the other side of the world, the threat of escalation of the Ukraine conflict is also causing increasing nervousness. In the United States, the financial markets will remain closed today due to a holiday in honor of Martin Luther King Jr. Meanwhile, China’scentral bank is trying to accelerate the pace of economic activity again by lowering the key interest rate.
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