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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%).

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.
The capital markets were all relaxed about the thoroughly trend-setting results of the US parliamentary elections, and most stock exchanges recorded some significant gains thanks to the uncertainty that has now been removed. Although US President Donald Trump's position of power has thus been weakened, this should not immediately mean a real change of direction in previous policy, especially with regard to the trade conflict, which is important for the financial markets.

Dec 14, 2018 8:38:38 AM | LGT Navigator

LGT Navigator: ECB: Risk balance tending slowly downwards

The European Central Bank (ECB) left its key interest rates unchanged and, despite a gloomy economic outlook, formally decided to end its bond purchases at the end of the year. In view of the weaker global economy, the ECB again revised its growth forecasts for the euro zone downwards. According to ECB President Mario Draghi, the risks to the growth outlook are still balanced, but the risk balance is slowly falling.

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.
The capital markets were all relaxed about the thoroughly trend-setting results of the US parliamentary elections, and most stock exchanges recorded some significant gains thanks to the uncertainty that has now been removed. Although US President Donald Trump's position of power has thus been weakened, this should not immediately mean a real change of direction in previous policy, especially with regard to the trade conflict, which is important for the financial markets.

Dec 13, 2018 3:08:05 PM | LGT Beacon

LGT Beacon: Tactical asset allocation for Q1/2019

The occasional surges in interest rate angst and the US-Chinese trade dispute are weighing on markets, even as most economies continue to grow at a decent pace and the US Federal Reserve is softening its tightening talk. We do see room for a rebound in risk appetite in the near term, but adopt a neutral overall stance on risky assets for now.

Dec 12, 2018 8:00:00 AM | LGT Motorsport News

Season opening

The next round of the Formula E will start in the second week of December. A draw featuring great prizes will be held to kick off the season.

LGT Young Soloists at the Festival of South Tyrol in Merano

Dec 3, 2018 8:25:00 AM | LGT Motorsport News

Congratulations and good luck!

The Formula E driver and LGT brand ambassador Daniel Abt celebrates his twenty-sixth birthday today. LGT congratulates Daniel and wishes him every success for the upcoming season.

LGT Young Soloists at the Festival of South Tyrol in Merano

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