Nov 8, 2018
LGT designated best private bank for alternative investments
LGT was the first bank to receive the “Best Private Bank for Alternatives” award at the renowned Financial Times Group’s PWM (Professional Wealth Management)/The Banker Global Private Banking Awards. It was also awarded “Best Private Bank for Growth Strategy” for the third consecutive year.
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Nov 21, 2018
LGT Navigator: Wall Street under the spell of tech sales
Yesterday, a renewed slide on Wall Street wiped out the remaining annual profits. The Dow Jones Industrial ended daily trading with a loss of more than -2%, reaching its lowest level since the end of October. Technology stocks again came under pressure. The Dax temporarily slipped to a three-and-a-half week low. The Brexit, Italy's financial situation, respectively fears of a new euro crisis, rising interest rates in the US and a gradual weakening of global economic momentum are causing 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.
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 20, 2018
LGT Navigator: Tech stocks and uncertainties increase pressure
Negative Wall Street conditions also pulled stock prices down on Asian stock exchanges. The weakest sector groups in the S&P 500 were software developers and semiconductor manufacturers. The Nasdaq 100 index fell more than -3% to its lowest level since April. This is due to renewed speculation about weak iPhone demand at Apple and its impact on the supply industry. In addition, news about Renault Nissan CEO Carlos Ghosn (more in today's stock commentary) as well as ongoing turbulence surrounding the impending exit of the British from the European Union and the political survival of British Prime Minister Theresa May are weighing on stock market sentiment.
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 19, 2018
LGT Navigator: Brexit remains in focus in Thanksgiving week
In Asia, the stock markets started the new week with no clear trend. Due to the Thanksgiving holiday in the USA, the trading volume should be lower, but investors will highly anticipate the effects of the upcoming retail blockbuster-days "Black Friday" and "Cyber Monday". In Europe, Brexit developments in the UK will continue to be the focus of attention. Prime Minister Theresa May warned that a vote of no confidence against her would complicate negotiations with the EU and that a new British Prime Minister would face the same problems as her.
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 16, 2018
LGT Beacon: Big selloffs and midterm elections bode well for a rebound
Fear of further increases in US interest rates and some other looming anxieties culminated in a major equity selloff early this month. However, the broader markets' signals were more constructive: yield curves steepened, breakeven rates ticked up, credit spreads narrowed, and emerging markets assets stabilized; so we decided to buy the dip in equities.
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