Feb 9, 2018
LGT scooped up a total of three awards at the Swiss Sponsorship Awards 2018 with its project “LGT Young Soloists”. The private bank won the “International Sponsoring” category and took second place for “Culture Sponsoring”. It also received the audience award for its sponsoring commitment.
Feb 22, 2018
Minutes of the Federal Reserve's monetary policy meeting at the end of January suggests that the Fed will raise its key interest rate again in March in view of solid economic prospects. US Treasury yields rose very close to the 3%. However, the Fed is likely to continue along the path of a gradual and cautious tightening of monetary policy under the leadership of new head Jerome Powell.
Feb 21, 2018
Investors are expecting new impulses from the US Federal Reserve's economic report this evening. The Fed's so-called Beige Book reflects the assessment of the twelve different US Federal Reserve districts on the current economic situation. The Beige Book will then serve as the Fed’s monetary policy decision basis.
Feb 20, 2018
In view of the holiday-related absence of the US American stock exchanges (President's Day), European stock indices lacked clear momentum after an initially friendly start to the week causing the recent recovery to stutter. Stock markets in many Asian countries remained closed, including Hong Kong. On the Chinese mainland, markets are closed until Wednesday due to New Year's celebrations.
Feb 19, 2018
Stock markets in Europe and New York continued their recovery on Friday, and Asian stocks followed the positive lead at the start of this week. Investors' confidence and risk appetite has picked up again, after fears of a faster-than-expected rise in interest rates in the US have put a lot of pressure on stock markets over the past two weeks. A positive aspect for a continuous upward trend is the still intact economic outlook.