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329 entries

Jul 21, 2017 9:16 AM | Daily Market News

LGT Navigator: ECB turnaround discussion starting in fall

The European Central Bank (ECB) kept its key interest rates unchanged on record lows, therefore also its monetary stimulus unchanged, as widely expected. ECB President Mario Draghi seems to be willing to hold on to the central bank’s ultra-expansive monetary policy bias, disappointing hopes of many market participants to deliver a clear signal for a change in policy. Despite signs of an improving economy in the euro zone, the central bank seems to regard the inflation trend as too uncertain. However, Draghi also said that the ECB could start discussing whether a policy adjustment is appropriate.

Jul 20, 2017 8:49 AM | Daily Market News

LGT Navigator: ECB on a turning point?

Investors are awaiting today’s ECB monetary policy announcement with anticipation. Although the central bank will leave its key interest rates unchanged, many analysts expect the time has come for ECB President Mario Draghi to prepare capital markets for a turnaround in its monetary policy bias.

Jul 19, 2017 8:53 AM | Daily Market News

LGT Navigator: Weaker U.S. data and failure on Capitol Hill

Recently disappointing U.S. economic data and not fully convincing earnings results from Wall Street banks pressured stocks and the U.S. dollar. In Europe, a stronger euro and a slight deterioration in sentiment among German financial experts caused investors to remain cautious.

Jul 18, 2017 8:47 AM | Daily Market News

LGT Navigator: Weaker U.S. data and failure on Capitol Hill

In the USA, the Empire State index joined a recent series of weaker-thanexpected economic indicators. And the White House and Republicans failed again to scrap Obamacare, clouding the administration’s broader agenda, sending U.S. stock futures and the dollar lower.

Jul 17, 2017 8:48 AM | Daily Market News

LGT Navigator: China’s economy expanded slightly stronger than anticipated

The world’s second-biggest economy grew at a moderately stronger-thanexpected pace of +6.9% in the second quarter, the same rate as in the first three months. Growth was supported by solid foreign trade and capital investments. While China’s GDP data raised some optimism, latest U.S. data could not really convince investors.

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