Top News | Oct 24, 2014

Solid economic data provides support

Relatively strong economic data from the U.S. and the Eurozone as well as Microsoft’s solid earnings report ensured a positive sentiment on Wall Street and supported equity markets in Asia. The U.S. leading indicators signaled a stronger-than-expected growth trend, climbing 0.8% in September (consensus +0.7%, previous month +/-0%).

Read LGT Investorama

Financial market news

“Mirroring the weather with its heat storms and cold fronts, there recently were marked temperature swings on the financial markets”, says LGT chief economist Dr. Alex Durrer in his editorial for LGT’s investor magazine and explains the consequences.