Apr 18, 2019
LGT Navigator: Fed sees sustained moderate economic growth
According to the Fed, the US economy continues to grow moderately in most Fed districts. According to the Beige Book, the economic report published yesterday evening, employment has continued to pick up and wages have risen at the same pace as at the beginning of the year.
The minutes of the US Federal Reserve's last monetary policy decision on March 20 confirmed the Fed's wait-and-see attitude. There are still "significant uncertainties" in the economic outlook, and latest US inflation data will probably not put pressure on the Fed to raise key interest rates again in the near future. ECB President Mario Draghi continues to see growth risks for the euro zone and recent economic data have confirmed that the pace of growth in the euro area is slowing. Nevertheless, the likelihood of a recession remains low.
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Apr 17, 2019
LGT Navigator: Signs of economic recovery in China
China's economy grew faster than expected by +6.4% in the first quarter of the current year. Industrial production also grew strongly in March by +8.5% year-on-year, expanding at a rate not seen since July 2014. In addition, initial economic data in March had indicated that the economy could develop positively after a difficult start to the year.
The minutes of the US Federal Reserve's last monetary policy decision on March 20 confirmed the Fed's wait-and-see attitude. There are still "significant uncertainties" in the economic outlook, and latest US inflation data will probably not put pressure on the Fed to raise key interest rates again in the near future. ECB President Mario Draghi continues to see growth risks for the euro zone and recent economic data have confirmed that the pace of growth in the euro area is slowing. Nevertheless, the likelihood of a recession remains low.
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Apr 16, 2019
LGT Navigator: Light and shade in US bank results
Stock indices on Wall Street were in consolidation mode again after the price gains at the end of last week. Above all, a disappointing result by the investment bank Goldman Sachs put pressure on investors' sentiment, following stronger-than-anticipated quarterly results from JPMorgan a day earlier.
The minutes of the US Federal Reserve's last monetary policy decision on March 20 confirmed the Fed's wait-and-see attitude. There are still "significant uncertainties" in the economic outlook, and latest US inflation data will probably not put pressure on the Fed to raise key interest rates again in the near future. ECB President Mario Draghi continues to see growth risks for the euro zone and recent economic data have confirmed that the pace of growth in the euro area is slowing. Nevertheless, the likelihood of a recession remains low.
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Apr 15, 2019
LGT Navigator: Successful start into the US reporting season
The first quarter results of the two major US banks JPMorgan and Wells Fargo were well received on Wall Street and brought the week to a positive end. The results of the American blue chip stocks should set the tone on the stock markets again this week.
The minutes of the US Federal Reserve's last monetary policy decision on March 20 confirmed the Fed's wait-and-see attitude. There are still "significant uncertainties" in the economic outlook, and latest US inflation data will probably not put pressure on the Fed to raise key interest rates again in the near future. ECB President Mario Draghi continues to see growth risks for the euro zone and recent economic data have confirmed that the pace of growth in the euro area is slowing. Nevertheless, the likelihood of a recession remains low.
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Apr 12, 2019
LGT Navigator: Brexit extension without real plan
Although the extension of the UK's exit from the EU has prevented an immediate hard Brexit, it also represents a prolonged uncertainty for the capital markets. How the exit from the EU is to be implemented remains unclear, however, and the fronts in the British parliament have hardened. The relief on the markets could therefore only be of a very short nature.
The minutes of the US Federal Reserve's last monetary policy decision on March 20 confirmed the Fed's wait-and-see attitude. There are still "significant uncertainties" in the economic outlook, and latest US inflation data will probably not put pressure on the Fed to raise key interest rates again in the near future. ECB President Mario Draghi continues to see growth risks for the euro zone and recent economic data have confirmed that the pace of growth in the euro area is slowing. Nevertheless, the likelihood of a recession remains low.
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