Jun 5, 2018
High-net-worth Swiss investors are very satisfied with their bank, their relationship manager and their financial center. Their portfolios have remained largely unchanged for several years. Swiss investors are also satisfied with their returns. Digitalization, just like sustainability, is becoming an increasingly important topic. These are just a few findings from this year’s LGT Private Banking Report. The report provides insights into the world of high-net-worth investors from Switzerland, Austria and Germany. In addition to investor behavior, the study this year also focuses in particular on the confidence of high-net-worth private banking clients in institutions, their assessment of domestic and foreign financial centers as well as their attitudes toward investor protection, digitalization and sustainability.
Jun 22, 2018
In view of the continuing risk of a further expansion of the trade conflict, caution dominates stock market sentiment. At the same time, the Swiss National Bank confirmed its loose monetary policy in the back of geopolitical uncertainties and the recent renewed strengthening of the Swiss franc.
Jun 21, 2018
Federal Reserve Chairman Jerome Powell said yesterday at an ECB conference that in view of low unemployment, an inflation rate close to the Fed's target and a roughly balanced economic outlook, he sees strong arguments in favor of a further gradual increase in key rates. At the same time, however, Powell also pointed to the high level of uncertainty in the current environment, such as the trade conflict. The Fed is forecasting two more rate hikes in 2018 after raising its key interest rate last week for the second time this year and for the seventh time since the turnaround in rates initiated
at the end of 2015.
Jun 20, 2018
Sentiment on the stock markets remains tense in view of the escalation in the trade dispute between the USA and China. Against the backdrop of the trading conflict, stocks on Wall Street dived and the SMI briefly reached its lowest level since February 2017.
Jun 19, 2018
The intensification of the trade conflict between the US and China and the dispute in the German government over refugee policy caused uncertainty among investors and increased profit taking on stock markets at the beginning of the week. Tensions will continue to keep the capital markets in check, as US President Trump is again accepting an escalation of the trade dispute with China and has already threatened further punitive tariffs worth USD 200bn.