Oct 1, 2018
LGT a cornerstone investor in China Renaissance
LGT acquired a USD 25 million stake in the Chinese investment bank China Renaissance when the company successfully went public on 27 September. The private banking and asset management group of the Princely House of Liechtenstein is one of three cornerstone investors in the business, which focuses on Asia’s strong new economy sectors.
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Oct 17, 2018
LGT Navigator: US earnings season start suppresses skepticism
Against the backdrop of the corporate reporting season that has just started, stock markets were able to pick up on the friendly start to the week and wipe off concerns about the trade dispute or the debt crisis in Italy. Nevertheless, the almost 200 analysts and professional investors surveyed by the Mannheim Centre for European Economic Research (ZEW) assessed the economic outlook for Germany much more cautiously.
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.
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Oct 16, 2018
LGT Navigator: US bank results set positive tone
In the coming days investors will increasingly focus on the corporate reporting season. Following the earnings reports of major US banks, more than 50 more companies from the S&P-500 will present their results over the course of the week. After the financial heavyweights JP Morgan, Citigroup and yesterday Bank of America showed better-than-expected earnings results, the investment banks Goldman Sachs and Morgan Stanley will follow today.
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.
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Oct 15, 2018
LGT Navigator: Strong bank results provide relief
Positive quarterly balance sheets of major US banks (see stock commentary), hopes of new high-level negotiations between the US and China on the trade dispute at the G20 summit in Buenos Aires at the end of November, and continued solid consumer confidence in the US ensured a conciliatory end to the week last Friday. The sell-off was mainly driven by technology stocks and the International Monetary Fund's (IMF) warning of a slowdown in the global economy as a result of the trade conflict. In Europe, Italy in particular remains a factor of uncertainty.
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.
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Oct 12, 2018
LGT Navigator: Recovery attempt after Wall Street sellout
Rising interest rates and fears of a global economic slowdown due to an escalation of the trade war shook stock markets worldwide. After the sell-off on Wall Street, European stock indices stabilized again yesterday, and Asian stock markets have also managed to contain their losses this morning. Later in the day, JPMorgan, Citigroup and Wells Fargo will ring in the US reporting season.
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.
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