Aug 16, 2018
LGT Navigator: Fundamental data remains in the background
Investors remain cautious in the face of a potential further escalation of geopolitical risks (trade war, Turkey, Russia, or Iran) and even solid US economic data were unable to brighten the tarnished stock market sentiment and currently remain in the background in the perception of investors.
The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
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Aug 15, 2018
LGT Navigator: Turkey crisis overshadows market sentiment
The crisis in Turkey continues to weigh on the stock markets and increases investors' risk aversion. Following the threat by Turkish President Erdogan to boycott US electronics in response to the recently doubled US tariffs for steel and aluminum, the conflict threatens to escalate further. The Turkish lira resumed its slide in Asia and lost up to -3.4% against the US dollar in early trading.
The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
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Aug 14, 2018
LGT Navigator: Unclear contagion risks from Turkey crisis
In view of the lack of new impetus, capital markets are currently focusing on the Turkish crisis. Investors are concerned that Turkey's economic collapse could affect the European banking system and other emerging markets.
The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
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Aug 13, 2018
LGT Navigator: Uncertainties are multiplying
Stock market indices came under pressure at the end of last week, driven by widespread fears of a further escalation of the trading conflict and the crisis in Turkey, accompanied by the collapse of the lira and the US sanction against Russia. The euro temporarily fell to a 13-month low on Friday
The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
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Aug 10, 2018
LGT Navigator: Clouded global economic climate
In a recent survey by Munich-based Ifo Institute, the global economic climate clouded again in the third quarter of 2018 given the escalating trade dispute. The relevant index fell from +16.5 to +2.9 points, roughly back to the level of the first quarter of 2017, with expectations in particular again falling sharply from +6.1 to -10.6 points, the lowest level since the end of 2011, with the economic climate deteriorating in almost all regions and the associated drop in expected global investment activity.
The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
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