Jun 27, 2022 7:00:00 AM | LGT Navigator
LGT Navigator: Recovery rally on the stock markets driven by hopes
On Wall Street, a more optimistic view of things ensured a solid end to the week. Against the backdrop of record low consumer sentiment in the US, the Federal Reserve could be somewhat more cautious in its course of interest rate hikes so as not to risk a recession, according to the assumption of many market participants. In principle, however, fears of recession are likely to remain a dominant factor in stock market sentiment and the recent recovery could well turn out to be a bear market rally. As expected, the G7 summit focused on the Ukraine war and the conflict with Russia. However, a USD 600 billion infrastructure project attracted attention.