May 16, 2019 8:30:00 AM | LGT Navigator
LGT Navigator: Lurking risks and mixed US economic signals
An impending further escalation of the trade conflict, geopolitical tensions in the Gulf region and interspersed US economic data caused stock inves-tors to hold back. Meanwhile, US retail sales disappointed in April with an unexpected drop of -0.2% from the previous month (consensus +0.2%). Americans, for example, spent less money on cars, electronics and building materials.