Jul 16, 2018
LGT Navigator: Kickoff to corporate earnings season
Hopes for strong company reports gave the stock markets in Europe and the USA a slight boost on Friday. The first results of the corporate earnings season came in better than expected.
The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
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Jul 13, 2018
LGT Navigator: US inflation reaches highest level in more than six years
In June, inflation in the USA rose to its highest level since February 2012. The annual inflation rate climbed from +2.8% to +2.9% and the core inflation rate also climbed from +2.2% to +2.3%.
The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
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Jul 12, 2018
LGT Navigator: Trump sets the tone
The escalating trade dispute between the US and China and Trump's undiplomatic appearance at the NATO summit in Brussels led to a return of risk aversion and falling prices on the European and American stock markets. In Asia, the weaker yen pushed the trade dispute into the background. With the US government's newly announced punitive tariffs of 10% on Chinese goods worth USD 20bn, half of all imports from China would now be subject to special duties. US tariffs could enter into force at the end of August. China's government announced necessary countermeasures in case of entry into force.
The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
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Jul 11, 2018
LGT Navigator: Trump remains on confrontation course
In Asia, the stock markets reacted to the further escalation in the trade dispute between the USA and China with losses, whereas the European and American indices had previously mostly recorded slight gains. Mean-while, US President Trump announced additional tariffs of 10% on addi-tional Chinese goods worth USD 200bn in the trade dispute with China. The list of goods includes clothing, components for televisions and refrig-erators. China will immediately take "retaliatory measures".
The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
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Jul 10, 2018
LGT Navigator: Corporate earnings season takes center stage
Sentiment on capital markets remained positive at the beginning of the week and investors are now focusing on the company-reporting season that starts on Friday with the Q2 results of major US banks JP Morgan Chase, Wells Fargo and Citigroup.
The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
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