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54 entries

Jan 21, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: Biden faces immense challenges and even higher expectations

The challenges Joe Biden is facing as he moves into the White House are daunting, given the deeply fractured population and the untamed corona pandemic. Expectations are also high on capital markets for further fiscal policy assistance once the new US president takes office. Hopes for further stimulus aid were bolstered by statements from US Treasury Secretary nominee Yellen. In its initial reaction, Wall Street set new records to welcome the new President.

Jan 20, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: With Biden's inauguration begins the post-Trump era in Washington

Today's inauguration of Democratic President-elect Joe Biden marks the beginning of a new chapter in American history. The challenges and expectations for the Biden/Harris team are incredibly high given the country's political divisiveness in the midst of a pandemic. In capital markets, investors expect more fiscal stimulus and a more predictable and compromising US policy.

Jan 19, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: Market sentiment remains cautiously optimistic – focus on earnings and Biden's inauguration

On European stock markets, investor caution prevailed in the face of a lack of impetus from Wall Street and fears that the increased corona restrictions could wipe out the economic recovery. By contrast, stronger than expected economic growth in China and the prospect of a further stimulus package from the new Biden administration are providing support. Overall, stock market sentiment remains cautiously optimistic. The capital markets are now focusing on the upcoming corporate results and are looking with bated breath at the swearing-in of US President-elect Joe Biden on Wednesday.

Jan 18, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: China's economy shines in corona year 2020

China's economy reported slightly stronger-than-expected economic growth for 2020, making it the only major economy not to have contracted in the corona year. Meanwhile, the latest economic data from the US showed a mixed picture. Thus, the start of the US corporate reporting season with solid quarterly results of the major banks failed to provide any real impetus. In addition, investors seem to have taken a more cautious stance due to today's holiday in the US in honor of Martin Luther King Jr. This week, further balance sheets of American blue chips and the inauguration of the new US President Joe Biden in Washington are likely to be the focus of market activity.

Jan 15, 2021 7:00:00 AM | LGT Navigator

LGT Navigator: Kick off to the fourth-quarter earnings season

The two major New York banks JPMorgan and Citigroup will open the quarterly round of corporate reports in the US today. Stock exchanges and investors are eagerly awaiting how the companies have performed in the last quarter of the corona year 2020. President-elect Biden, meanwhile, held out the prospect of billions more in aid to combat the corona crisis, and Fed Chairman Powell warned against a premature exit from loose monetary policy. The impeachment proceedings initiated against US President Trump did not have a direct impact on the market sentiment.

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