Top News | Oct 20, 2014

Financial markets recover from last week's rout

International equity markets recovered from last week’s downturn, supported by economic data. In Tokyo, the Nikkei 225 gained nearly 4% as the Government Pension Investment Fund plans to increase its allocation target for local shares to about 25% from 12%. U.S. consumer confidence improved in September and housing starts rose stronger than anticipated. In Europe, stocks recovered on hopes of additonal central bank action. 

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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.