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LGT Navigator: New highs after economic data remains solid

February 17, 2017

U.S. equity markets reached new all-time highs on Wall Street following a set of mostly better-than-expected economic data. Following the earlier release of the New York Fed Empire State index which pointed to an improvement in manufacturing, the Federal Reserve Bank of Philadelphia’s survey, published yesterday, also signaled a stronger growth trend in the regional industry sector. At 43.3 points, the Philly Fed manufacturing indicator reached the highest level since 1983.

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