Aug 23, 2019 7:00:00 AM | LGT Navigator

At the center of the action today is US Federal Reserve Chairman Jerome Powell. At the annual Federal Reserve meeting in Jackson Hole, Wyoming, the Fed President is given the opportunity to steer the expectations of the financial markets with regard to the Fed's bias towards rate cuts.

Aug 22, 2019 7:45:00 AM | LGT Company News | LGT Media releases

LGT achieved a group profit of CHF 155.6 million and further expanded its client business in the first half of 2019. The results reflect solid revenue growth despite a subdued start to the year, as well as further investments in LGT’s market presence. Net asset inflows were once again strong at CHF 5.8 billion, corresponding to an annualized growth rate of 6%. Compared with the end of 2018, assets under management rose 8% to CHF 215.0 billion. LGT is confident that it will continue to achieve profitable growth in the second half of 2019.

Aug 22, 2019 7:00:00 AM | LGT Navigator

Cautious optimism prevailed on the stock markets towards the middle of the week. The Fed's minutes published yesterday evening provided an indication of sentiment among the leaders of the central bank. Investors were positively encouraged by the prospect of a loose central bank policy and the hope for an early settlement of the trade conflict between Washington and Beijing.

Aug 21, 2019 7:00:00 AM | LGT Navigator

The government crisis in Italy escalated dramatically yesterday and Prime Minister Giuseppe Conte announced his resignation. This was after Interior Minister Matteo Salvini had pushed for a vote of no confidence against the head of government. In addition to the trade conflict, the political chaos in Italy is likely to weigh on investor sentiment.

Aug 20, 2019 3:08:00 PM | LGT Beacon

August brought a monetary policy disappointment and revived Sino-American trade tensions, triggering a global pullback in risk assets. In late July, near the markets' top, we had trimmed US equities and increased our gold position. More recently, we bought Japanese equities, after our counter-cyclical investment rules produced a buy signal for that market.