Jun 20, 2018
LGT Navigator: Trading conflict causes stock prices to slide
Sentiment on the stock markets remains tense in view of the escalation in the trade dispute between the USA and China. Against the backdrop of the trading conflict, stocks on Wall Street dived and the SMI briefly reached its lowest level since February 2017.
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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Jun 19, 2018
LGT Navigator: Trump threatens China with further escalation
The intensification of the trade conflict between the US and China and the dispute in the German government over refugee policy caused uncertainty among investors and increased profit taking on stock markets at the beginning of the week. Tensions will continue to keep the capital markets in check, as US President Trump is again accepting an escalation of the trade dispute with China and has already threatened further punitive tariffs worth USD 200bn.
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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Jun 18, 2018
LGT Navigator: Trade war tensions cloud investors' sentiment once again
The US government has announced punitive tariffs of 25% on more than 1,100 Chinese products worth USD 50bn, dampening investor sentiment. At the same time, China and the EU imposed retaliatory duties on US goods. A worsening of the trading conflict will cause further unrest in the new trading week. Following the rate decisions of the Fed, ECB and BoJ, this week's focus will be on the monetary policy announcements of the Bank of England and the Swiss National Bank (SNB) on Thursday.
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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Jun 15, 2018
LGT Navigator: ECB remains cautious
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 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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Jun 14, 2018
LGT Navigator: Fed mirrors solid economic path
The Federal Reserve (Fed) raised its benchmark interest rate by a quarter of a percentage point to a range of 1.75% to 2%, the second hike this year. Besides the rate hike, a majority of policy makers said they now expect a total of four interest rate increases in 2018. This reflects an economy that is getting stronger as unemployment reached 3.8%, the lowest since 2000, and inflation is creeping higher. On this backdrop, the Fed is set to continue to raise rates gradually to keep the economy from overheating.
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