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Oct 20, 2017 8:51 AM | Daily Market News

LGT Navigator: Investors in mood for profit taking

After the record series on US stock markets, yesterday technology stocks rang in a decline. Political uncertainty and some disappointing quarterly reports may have encouraged investors to take profits now. Economic data came mainly as a positive surprise, but failed to brighten the mood. Catalonia has allowed the ultimatum set by the Madrid central government to lapse. Most likely, Madrid will activate Article 155 and deprive Catalonia of its autonomy. The uncertain outcome of the Catalan conflict drives investors into supposedly safe havens such as gold and government bonds.

Oct 19, 2017 9:10 AM | Daily Market News

LGT Navigator: China's economy on course

China's economy grew by +6.8% in Q3 compared to the same period last year, and has already exceeded the government's annual target of "around 6.5%". Economists attribute this strong growth to the sustained high level of lending, which is mainly used to boost the construction sector and subsidize many state-owned enterprises. At the start of the Chinese party congress, there was little evidence these support measures would soon be scaled back.

Oct 18, 2017 9:04 AM | Daily Market News

LGT Navigator: German analysts take a more cautious stance

In the latest survey conducted by Mannheim-based ZEW institute Financial, analysts and institutional investors showed an only slightly more optimistic about their economic outlook. The sentiment barometer for Germany climbed from +17.0 in the previous month to +17.6 points in October. The median analysts’ estimate conducted by Bloomberg had forecasted a stronger increase to 20.4. In addition, the current index level remains well below the long-term average of 23.8 points.

Oct 17, 2017 8:46 AM | Daily Market News

LGT Navigator: Awaiting clear impetus

There was a lack of clear impetus on stock markets at the beginning of the week, while the conflict between Spain and Catalonia continues to cause a certain amount of uncertainty in Europe. Investors will now probably focus on the question of who will be appointed by US President Donald Trump as successor to Federal Reserve President Janet Yellen. Trump will meet with potential candidates this week, although a renewed nomination of Yellen can also not be ruled out. Today, the stock markets are likely to find some impetus when blue chip companies such as IBM, Johnson & Johnson, Morgan Stanley and Goldman Sachs will present their quarterly earnings results.

Oct 16, 2017 8:58 AM | Daily Market News

LGT Navigator: Stocks supported by rock solid US economic data

Sentiment on stock markets remains relatively positive, also thanks to recent solid economic data from the USA, Europe and China. Consumer price data from the US indicated slightly higher inflation in September. Inflation rose from 1.9% in the previous month to +2.2%, with analysts forecasting an even stronger increase to +2.3% on average. Core inflation remained unchanged at +1.7%. In view of the strength of the American economy and the labor market, Fed head Janet Yellen sees further gradual increases in interest rates as appropriate despite low inflation. At the same time, retail sales rose sharply by +1.6% over the previous month, and US sentiment reached its highest level in 13 years, according to an initial assessment of the University of Michigan Monthly Survey in October.

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