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Nov 25, 2022 2:04:00 PM | LGT Company News

Two Industry Awards for LGT in Middle East

This week, WealthBriefing presented the ninth edition of its annual awards for banks in the Middle East and North Africa. LGT won two awards – one for the second consecutive year.

Nov 25, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Daily Covid cases in China break record

Covid cases reached a high in China, breaking a record from mid-April and unsettling some investors who had hoped that the world’s second-largest economy would soon be reopened completely. Outbreaks were spread across the country, including in the southern industrial epicenter of Guangzhou. Stricter measures such as mandatory testing, quarantine and lockdowns, particularly in industrial hot spots, could wreck global supply chains and affect other economies.

Nov 24, 2022 4:32:08 PM | LGT Company News

LGT Bank receives top marks from FUCHS | RICHTER and Elite Report

LGT Bank once again achieved an excellent result in this year’s FUCHS | RICHTER assessment. The bank’s strong performance across all categories earned it a “very good” designation, and it was once again selected as the number one bank in Liechtenstein. In the quality test conducted by Handelsblatt Elite Report, LGT Bank was ranked “summa cum laude” and retained its spot among the top ten best wealth managers in German-speaking countries.

Nov 24, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Fed report signaling slower rate hikes bolsters markets

A report showing that a large majority of US Federal Reserve policymakers back slowing interest rate hikes soon supported stock markets Wednesday. The Federal Open Market Committee (FOMC) minutes, which log events at the meeting where Fed officials make policy decisions, showed some members were becoming concerned about tightening monetary policy too much. Many investors had been waiting for a hint that the Fed’s next interest rate hike, due next month, could come in less than the previous 75-basis-point moves.

Nov 23, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Markets up despite expecting continued monetary tightening

Stock markets were trading up Wednesday after a strong close in the US on Tuesday. The jump comes even as markets have received a slew of signals that central banks may raise interest rates longer and faster than many investors had expected. Wednesday could be a busy trading day as the week is cut short in the US due to the long Thanksgiving weekend beginning Thursday. Impulses are likely to come from Purchasing Managers’ Indexes from several G7 countries, US consumer sentiment and the Federal Open Market Committee meeting minutes.

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