Jul 10, 2020 7:00:00 AM | LGT Navigator

The pandemic is reaching a new high in the US. The rising number of cases results in price losses on global stock markets. The situation on the US labor market has eased somewhat since mid-March, but unemployment remains extremely high by historical standards.

Jul 9, 2020 7:00:00 AM | LGT Navigator

Fueled by the current economic and political uncertainty and central bank actions, the gold price pushed above USD 1800 an ounce on Wednesday for the first time since the record highs in 2011 of more than USD 1920. Analysts anticipate further gains as the metal is expected to hold its value during the coronavirus turmoil.

Jul 8, 2020 6:00:00 AM | LGT Navigator

After a friendly start to the week, investors were again cautious on Tuesday. Worse than expected economic figures contributed to the change in sentiment. The EU Commission has lowered its economic outlook for the euro area. Gold ETFs, which have enjoyed great popularity during the crisis, are flying high in the current market environment.

Jul 7, 2020 7:00:00 AM | LGT Navigator

At the beginning of the week optimism prevails on the stock markets. Good economic data provide support on financial markets. The US service sector is back on course for growth and the buying mood in Europe is slowly returning. Nevertheless, the catch-up potential of the global economies remains high after the standstill in spring.

Jul 6, 2020 7:00:00 AM | LGT Navigator

Due to a lack of impulses from the US stock markets, Europe's stock markets showed a slightly negative trend towards the end of last week, but mostly posted a positive weekly balance. Investors are still confused by the hope for an imminent economic recovery and the concern that the corona crisis could drag on much longer, especially given the current critical situation in the US. Supporting the pair on Friday was the better than expected results from the eurozone and Britain's Purchasing Managers' Survey for the Services Sector.