Dec 17, 2018 8:40:44 AM | LGT Navigator
LGT Navigator: Economic concerns predominate
Continuing concerns about the global economy clouded the mood on the stock markets at the end of last week and investors were not baited out of cover by signals of an easing trading conflict. On Friday, China had signaled its willingness to make concessions and reduced retaliatory tariffs on US car imports from 40% to 15%. In the meantime, the growth of the US economy seems to have slowed somewhat towards the end of the year. This was indicated by the purchasing managers' index for the US private economy, which fell from 54.7 to 53.6 points. On the other hand, US industrial production was stronger than expected, rising by +0.6% in November compared to the previous month (consensus +0.3%).