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311 entries

Jun 29, 2017 8:35 AM | Daily Market News

LGT Navigator: Draghi’s words on the gold scale

After Draghi expressed a more optimistic economic outlook on Tuesday, speculation increased that the central bank could soon turn away from its ultra-expansive monetary policy path. However, sources close to the ECB said yesterday that Draghi was misunderstood. Nevertheless, capital markets seem to bed on a rather earlier than later turnaround in the ECB’s monetary bias, despite the quasi denial of Draghi’s “hawkish” statement, as the Euro was able to maintain recent gains.

Jun 28, 2017 9:03 AM | Daily Market News

LGT Navigator: Fed Chair Yellen warns on asset valuation

Stocks and emerging market currencies declined following Federal Reserve Governor Janet Yellen’s comment that certain asset valuations were “somewhat rich”.

Jun 28, 2017 8:39 AM | Weekly Market Comment

LGT Beacon: Mid-year review and outlook is still constructive

Last year’s global reflationary recovery has been cooling off this year. While corporate earnings, stock prices, and economic sentiment surged to records, actual and expected inflation rates have slipped below targets. The current situation thus warrants an increased focus on downside risks. But it would be too early for a defensive overall assessment.

Jun 27, 2017 8:36 AM | Daily Market News

LGT Navigator: Record high Ifo business climate signals optimism

The Ifo corporate survey, the most important sentiment indicator for the German economy, reached a new record in June. The business climate index rose to 115.1 points in June from 114.6 a month earlier, while the majority of analysts had anticipated a moderate decline. The German economy is continuing its upswing, and managements are in high spirits thanks to a construction boom, consumption-oriented consumers, and a more robust global economy, the Munich-based economic research institute commented.

Jun 26, 2017 8:48 AM | Daily Market News

LGT Navigator: Nestlé facing high demands from activist Third Point

According to statements from Daniel Loeb's hedge fund Third Point on Sunday, the fund bought a stake of more than 1% of Nestlé, worth CHF 3.3bn, and called for a change in its strategy. Third Point asks Nestlé to improve the profit margin, a share buyback, a sale of non-core business and its 23% interest in the French cosmetics group L'Oréal.

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