Sep 30, 2020
LGT Private Banking Europe House View – October 2020
A deadlock is looming on the US elections, this could cause nervousness on financial markets in the coming weeks. We are sticking to our constructive attitude towards financial markets in the medium to long term, as the dual stimulus continues to work and hopes for a possible Covid-19-vaccine are also strongly supportive. In the short-term, we remain on the sidelines at an asset allocation level and leave the equity exposure at neutral. From a cross asset point of view, we continue to have a preference for equities over bonds. The setback in gold can and should be used to build up positions.
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Sep 30, 2020
LGT Navigator: Trump and Biden fight an unpresidential duel
The first television duel in the current presidential election campaign in Cleveland turned into a farce. At least if one had hoped for a presidential and serious debate with content statements on the most burning political and social issues. An initial reaction on the Asian stock markets showed no clear trend and showed that even investors could not identify a clear favorite after the TV duel. New economic data moved into the background. Nevertheless, the mood of American consumers has brightened considerably again.
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Sep 29, 2020
LGT Navigator: Highly anticipated first TV duel between Trump and Biden
US equity markets deliverd a successful start into the new week. Despite continuing uncertainties regarding the further course of the pandemic and growing concerns about smooth US presidential elections, the Wall Street indices rose for the third day in a row. Share prices were also supported by a number of corporate takeovers. The focus today is on the direct exchange of blows between Trump and Biden in the first TV duel.
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Sep 28, 2020
LGT Navigator: US election becomes a fear factor for investors
Less than six weeks before the US presidential election, there is growing concern about whether the race for the White House will be effectively decided on November 3rd. President Trump seems willing to turn everything upside down and not accept anything but his own victory. For the capital markets, this uncertainty is likely to become more and more of a burden. On Tuesday, the two opponents crossed swords for the first time directly in the first TV debate. However, the demand for technology stocks caused a recovery on Wall Street on Friday.
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Sep 25, 2020
LGT Navigator: Short-term stabilization, but market environment remains fragile
On equity markets, prices seem to be stabilizing again after the recent losses. However, concerns about the further course of the corona pandemic and the associated fears of another slump, particularly in the US and European economies, continue to create an extremely fragile market environment. Against this background, the central banks are sticking to their extremely expansive monetary policy, as the Swiss National Bank (SNB) confirmed yesterday.
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