Dec 12, 2018
LGT Navigator: Stocks recover on US-China trade optimism
The turbulence in stock markets eased somewhat towards the middle of the week. Investors are hoping for some relief in the trade conflict between China and the US. Beijing has moved in the direction of lowering tariffs on imported cars from the US, Bloomberg reported, after US President Donald Trump had already raised expectations of falling tariffs at the beginning of December. A proposal to reduce tariffs on American cars from the current 40% to 15% will be considered by the Chinese government in the coming days. The release of Huawei CFO Meng Wanzhou on bail in Canada also brought relief.
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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Dec 11, 2018
LGT Navigator: Under the spell of the Brexit decision
In addition to the trade conflict and increasing concerns about the economy and interest rates, the UK's difficult divorce from the EU is also causing ongoing uncertainty. Yesterday Prime Minister Theresa May felt compelled to postpone the vote in the House of Commons, which was actually scheduled for tonight, on the Brexit treaty negotiated with the EU to regulate future relations between London and Brussels. The EU should be open to giving Britain more assurances, but does not want to return to the negotiating table.
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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Dec 10, 2018
LGT Navigator: Stocks fall on heightened risk of escalation
The New York Stock Exchange again suffered heavy losses at the end of last week due to fears of an escalation of the trade dispute with China, political turbulence in the White House and weaker economic data. The Dow Jones Industrial thus widened its recent losses, losing around -4.5% last week – the largest weekly percentage loss since March. As a result, the Asian stock markets are also trading in the red, in some cases significantly, at the start of the week. In Japan, GDP shrank at a stronger-than-anticipa-ted pace of -0.6% in Q3 compared to the previous quarter.
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 29, 2018
LGT receives award for its commitment in the field of art
LGT received an award for its commitment in the field of art at the "Art Patrons of the XXI Century" awards, which were held at the European Parliament in Brussels. With this award, the international expert jury recognized LGT’s long-standing efforts to consistently make use of works of art from the Princely Collections in its brand presence as well as in the general development of its corporate identity.
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Nov 22, 2018
LGT Investorama: Navigating at the borders
Investing and driving are similar in that the top priority is to avoid accidents. Dry roads allow you to drive faster. When there is fog, snow, or ice, the cautious driver will slow down and be on the alert for sudden, unexpected hazards. Adaptive behavior like this is also important in the financial markets.
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