Apr 25, 2019
LGT Navigator: Bank of Japan with tied hands
Japan's central bank lowered its growth forecasts for 2019 and 2020 and adjusted its forward guidance. The Bank of Japan now expects to maintain the extremely low interest rates at least until spring 2020. With this, the BoJ underlines that a turnaround in interest rates is not to be expected for the time being, which also underpins the generally expansive orientation of the major central banks.
The minutes of the US Federal Reserve's last monetary policy decision on March 20 confirmed the Fed's wait-and-see attitude. There are still "significant uncertainties" in the economic outlook, and latest US inflation data will probably not put pressure on the Fed to raise key interest rates again in the near future. ECB President Mario Draghi continues to see growth risks for the euro zone and recent economic data have confirmed that the pace of growth in the euro area is slowing. Nevertheless, the likelihood of a recession remains low.
Read more
All news
Apr 24, 2019
LGT Navigator: Supporting positive corporate news
The latest corporate news, such as the soft drinks manufacturer Coca-Cola benefitting from increased demand and higher prices in the first three months of the year, or the short news service Twitter, which reported surprisingly strong sales and a higher number of daily users in Q1, provided a tailwind on the New York Stock Exchange.
The minutes of the US Federal Reserve's last monetary policy decision on March 20 confirmed the Fed's wait-and-see attitude. There are still "significant uncertainties" in the economic outlook, and latest US inflation data will probably not put pressure on the Fed to raise key interest rates again in the near future. ECB President Mario Draghi continues to see growth risks for the euro zone and recent economic data have confirmed that the pace of growth in the euro area is slowing. Nevertheless, the likelihood of a recession remains low.
Read more
All news
Apr 23, 2019
LGT Navigator: Oil price weighs on stock market sentiment
On Wall Street and in Asia, stock market sentiment was depressed by the rising oil price after the Easter weekend. The background to this is the news that the US intends to phase out the exemptions for countries that are allowed to purchase oil from Iran despite the embargo at the beginning of May. The trading volume remained below average, however, as impulses from Europe were lacking.
The minutes of the US Federal Reserve's last monetary policy decision on March 20 confirmed the Fed's wait-and-see attitude. There are still "significant uncertainties" in the economic outlook, and latest US inflation data will probably not put pressure on the Fed to raise key interest rates again in the near future. ECB President Mario Draghi continues to see growth risks for the euro zone and recent economic data have confirmed that the pace of growth in the euro area is slowing. Nevertheless, the likelihood of a recession remains low.
Read more
All news
Apr 18, 2019
LGT Navigator: Fed sees sustained moderate economic growth
According to the Fed, the US economy continues to grow moderately in most Fed districts. According to the Beige Book, the economic report published yesterday evening, employment has continued to pick up and wages have risen at the same pace as at the beginning of the year.
The minutes of the US Federal Reserve's last monetary policy decision on March 20 confirmed the Fed's wait-and-see attitude. There are still "significant uncertainties" in the economic outlook, and latest US inflation data will probably not put pressure on the Fed to raise key interest rates again in the near future. ECB President Mario Draghi continues to see growth risks for the euro zone and recent economic data have confirmed that the pace of growth in the euro area is slowing. Nevertheless, the likelihood of a recession remains low.
Read more
All news
Apr 17, 2019
LGT Navigator: Signs of economic recovery in China
China's economy grew faster than expected by +6.4% in the first quarter of the current year. Industrial production also grew strongly in March by +8.5% year-on-year, expanding at a rate not seen since July 2014. In addition, initial economic data in March had indicated that the economy could develop positively after a difficult start to the year.
The minutes of the US Federal Reserve's last monetary policy decision on March 20 confirmed the Fed's wait-and-see attitude. There are still "significant uncertainties" in the economic outlook, and latest US inflation data will probably not put pressure on the Fed to raise key interest rates again in the near future. ECB President Mario Draghi continues to see growth risks for the euro zone and recent economic data have confirmed that the pace of growth in the euro area is slowing. Nevertheless, the likelihood of a recession remains low.
Read more
All news
