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Jan 27, 2023 7:00:00 AM | LGT Navigator

LGT Navigator: Economic optimism and Tesla's quarterly figures provide a tailwind

Strong figures on economic growth in the US caused cautious optimism, but also increases the chance that the Federal Reserve could remain on a restrictive course for longer. The focus is now on the Fed's next interest rate decision next Wednesday. The stock markets were also boosted by a positively received quarterly report from the electric car manufacturer Tesla. Meanwhile, in Japan, a sharp rise in core inflation in the capital Tokyo caused a stir, putting pressure on the Bank of Japan to act soon.

Jan 26, 2023 7:00:00 AM | LGT Navigator

LGT Navigator: German economy starts the new year more confidently

After the latest reading of the Purchasing Managers' Survey signalled an improvement in the economic outlook for the eurozone, the Ifo barometer have also pointed to improved prospects for the German economy. The much-regarded business climate indicator rose at the beginning of the year for the fourth time in a row. On Wall Street, previous quarterly results, such as those from Microsoft, caused increased volatility.

Jan 25, 2023 7:00:00 AM | LGT Navigator

LGT Navigator: Quarterly reporting season does not yet provide a clear direction

The quarterly reports of some stock market heavyweights and a brief trading interruption for reasons that have not yet been clarified took centre stage on Wall Street yesterday. Software giant Microsoft earned significantly less in the final quarter of 2022, citing the negative effects of high inflation and recession worries. Latest purchasing managers' surveys showed a gloomier picture in the US and the UK, while the outlook for the euro area seems to be improving moderately.

Jan 24, 2023 7:00:00 AM | LGT Navigator

LGT Navigator: Bleak economic outlook in the US fuels hopes for more moderate Fed policy

A gloomy outlook for the US economy and statements by top Fed officials fuelled hopes for a more moderate Fed policy, which in turn boosted stock prices on Wall Street. ECB chief Lagarde, on the other hand, once again underlined the restrictive orientation of her institution's monetary policy and prepared the markets for further interest rate hikes in the run-up to the upcoming interest rate decision next week. No impulses are expected from Asia this week due to the Chinese New Year.

Jan 23, 2023 7:00:00 AM | LGT Navigator

LGT Navigator: Tech stocks provide boost on Wall Street

On the New York Stock Exchange, the equity indices posted a solid end to the week on Friday, driven by strong tech stocks. Technology stocks on the Nasdaq benefited from unexpectedly good quarterly figures from Netflix. ECB chief Lagarde, meanwhile, emphasised continuing the current monetary policy stance and warned of inflationary effects from the reopening in China. Besides the ongoing corporate earnings season this week, the upcoming leading indicators, in the form of the regular Purchasing Managers' Surveys, are likely to show how high the probability of recession in Europe and the US is now.

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