Jan 18, 2019
LGT Navigator: Investors have good reasons to be cautious
The main themes on the capital markets remain the same: Brexit, the corporate reporting season that has just started in the USA with balance sheets that have been pervaded (Morgan Stanley disappointed yesterday), continuing economic concerns and ongoing tensions between the USA and China. While British Prime Minister Theresa May has until next Monday to present a "Plan B" for the Brexit, the US and China plan a renewed round of negotiations in the bitterly led trade dispute.
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Jan 17, 2019
LGT Navigator: May survives vote of no confidence
Despite the failed Brexit vote in the British Parliament, Britain's Prime Minister Theresa May barely survived yesterday's vote of confidence (325 votes to 306). Investors are now hoping for a "Plan B", which May will present to the British Members of Parliament on Monday.
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Jan 16, 2019
LGT Navigator: May faces no confidence vote after defeat
Yesterday evening the British Parliament rejected the Brexit agreement negotiated by Prime Minister Theresa May with the EU by a large majority (432 votes to 202). EU Commission President Jean-Claude Juncker believes that the rejection of the Brexit treaty in the British House of Commons has increased the danger of a "disorderly withdrawal" without an agreement. The EU Commission will now continue preparations for a "No-Deal-Brexit", Juncker commented. Immediately after the vote, the Labour Party asked for a vote of no confidence against Prime Minister May. The vote will take place today. If May loses the vote of no confidence, this could lead to resignation and the formation of a new government or new elections.
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Jan 15, 2019
LGT Beacon: Investment outlook 2019: standing the test of time
In our last report, we informed investors on LGT Capital Partners' quarterly tactical asset allocation (SAA) re-positing. Today we present our broader outlook for the year and the outcome of the annual review of our strategic asset allocation (SAA) for the coming years, which was also adopted late last year.
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Jan 15, 2019
LGT Navigator: Decision day in the Brexit poker
The uncertainty before tonight's vote on the Brexit agreement in the British parliament is weighing on the mood of investors. Following a last-minute postponement of a first planned vote in December, MEPs are now to vote today on the legally binding divorce agreement and the political declaration of intent on future relations with the European Union. A rejection of the Brexit deal is considered a foregone conclusion – the question is how clear the defeat of Prime Minister Theresa May will be and what will happen next. Besides new elections – either after a vote of no confidence against May or initiated by herself – a second Brexit referendum or a withdrawal from the EU without an agreement ("No-Deal Brexit"), renegotiations with the EU would also be possible, followed by another vote.
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