Nov 21, 2017
LGT once again secures top results in the annual Handelsblatt Elite Report and Fuchsbriefe wealth management rankings. On Monday evening, both juries designated the private banking and asset management group as one of the best wealth managers in German-speaking countries. The Elite Report editorial team also selected it as the best private bank in Liechtenstein.
Nov 23, 2017
After yesterday's meeting of the US Federal Reserve, participants signaled a rising probability of a rate hike next month. However, the Fed members seem to be divided on how much inflation should drive the monetary policy. According to the meeting minutes, one group opts for a timely rate increase. Some members, however, are opposed to an early rate increase in view of the low inflation and the core question of whether the current weakness in inflation is a temporary or a permanent phenomenon.
Nov 22, 2017
Most stock markets continued their recovery yesterday. While uncertainties regarding German politics were pushed into the background, investors were able to rely on positive economic signals and solid demand for IT stocks. In the USA, new home sales in October rose much faster than expected. Sales increased by +2.0% (consensus +0.7%) compared to the previous month to an annual rate of 5.48 million, according to the Association of Real Estate Agents (NAR).
Nov 21, 2017
The political earthquake in Germany following the failure of exploratory talks to form a "Jamaica" coalition government has shaken European stock exchanges only briefly at the start of the trading week. After initial losses the Frankfurt stocks barometer Dax and the Euro Stoxx 50 turned back into positive territory. Although political uncertainty in Berlin will persist for some time, equity markets are likely to continue to rely on positive economic prospects and a still expansionary central bank policy.
Nov 20, 2017
After the failure to form a new government in Germany, the single currency came under pressure and lost about -0.6% against the US dollar at the start of the week. Chancellor Angela Merkel now has to find other ways of
forming a majority capable government. Political uncertainty is likely to weigh on the Dax at the beginning of the week.