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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 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.

Nov 22, 2022 2:24:00 PM | LGT Beacon

LGT Beacon: Risks to growth are similar but not uniform

When investors’ sentiment is one-sidedly bearish, even modestly positive news can lead to big relief rallies. This year’s final quarter is hence shaping up as a risk-friendly one thus far. Notably, China has at last also joined the most recent global rebound. Nevertheless, a closer review of the situation shows that the outlook, while not uniform around the globe, remains challenging.

Nov 22, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Covid case spike in China unnerves markets

Sentiment on stock markets remained fragile Tuesday as the Chinese government tightened restrictions in reaction to Covid-19 cases in the country spiking and nearly reaching their highs from earlier in the year. Trading was also subdued early in the week due to celebrations around the world such as the World Cup in Qatar and the upcoming US Thanksgiving holiday weekend.

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