Nov 8, 2018
LGT designated best private bank for alternative investments
LGT was the first bank to receive the “Best Private Bank for Alternatives” award at the renowned Financial Times Group’s PWM (Professional Wealth Management)/The Banker Global Private Banking Awards. It was also awarded “Best Private Bank for Growth Strategy” for the third consecutive year.
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Nov 14, 2018
LGT Navigator: Investors remain on the defensive
Wall Street made up some ground after the recent sell-off in technology stocks. Some optimism was expressed between the US and China regarding the trade conflict. In the Italian budget crisis, Deputy Prime Minister Matteo Salvini declared shortly before the expiry of the EU deadline for submitting budget amendments that he would not deviate from the plan for a new debt of 2.4% in 2019. Stock market sentiment is likely to be depressed overall and the majority of investors will remain on the defensive.
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.
The capital markets were all relaxed about the thoroughly trend-setting results of the US parliamentary elections, and most stock exchanges recorded some significant gains thanks to the uncertainty that has now been removed. Although US President Donald Trump's position of power has thus been weakened, this should not immediately mean a real change of direction in previous policy, especially with regard to the trade conflict, which is important for the financial markets.
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Nov 13, 2018
LGT Navigator: Continued pressure on technology stocks
Renewed pressure on technology stocks, a rising US dollar and fears of rapidly rising interest rates led to a negative start to the week on Wall Street. Apple shares slumped -5% after supplier Lumentum raised its earnings and revenue guidance due to weak demand, causing speculation about weak iPhone sales, and burdening various chip manufacturers such as ams (-19.6%), or Infineon (-8%).
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.
The capital markets were all relaxed about the thoroughly trend-setting results of the US parliamentary elections, and most stock exchanges recorded some significant gains thanks to the uncertainty that has now been removed. Although US President Donald Trump's position of power has thus been weakened, this should not immediately mean a real change of direction in previous policy, especially with regard to the trade conflict, which is important for the financial markets.
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Nov 12, 2018
LGT Navigator: Stock markets without clear trend in the short term
The prospect of a more restrictive monetary policy on the part of central banks, led by the Fed, and some disappointing corporate results (e.g. some weak technology earnings, ThyssenKrupp lowered its forecast or Richemont missed earnings expectations) as well as economic concerns, in particular with regard to China, leave stock markets without a clear short-term trend.
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.
The capital markets were all relaxed about the thoroughly trend-setting results of the US parliamentary elections, and most stock exchanges recorded some significant gains thanks to the uncertainty that has now been removed. Although US President Donald Trump's position of power has thus been weakened, this should not immediately mean a real change of direction in previous policy, especially with regard to the trade conflict, which is important for the financial markets.
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Nov 9, 2018
LGT Navigator: Fed maintains course for December rate hike
As expected, the US Federal Reserve (Fed) left its key interest rate unchanged, but at the same time signaled its continued willingness to raise interest rates again, probably at the last FOMC meeting this year on 19 December.
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.
The capital markets were all relaxed about the thoroughly trend-setting results of the US parliamentary elections, and most stock exchanges recorded some significant gains thanks to the uncertainty that has now been removed. Although US President Donald Trump's position of power has thus been weakened, this should not immediately mean a real change of direction in previous policy, especially with regard to the trade conflict, which is important for the financial markets.
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