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Sep 30, 2014 9:11 AM       Daily Market News   EN | DE

Protests in Hong Kong add to the geopolitical risk

Yesterday was another risk-off trade day. Equity markets around the globe lost ground while safe-haven government bond yields trended lower as protests in Hong Kong added to geopolitical concern while a rebound in US consumer spending added to speculation of an earlier than expected Fed rate rise. Credit markets were still weighted by concerns around the departure of PIMCO's Bill Gross.

From: LGT Navigator Abo

Sep 29, 2014 8:51 AM       Daily Market News   EN | DE

Market News: waiting for ECB's asset purchase details

While there seems to be broad consensus about the monetary paths the major central banks will likely take with the details on the ECB´s asset purchase program being the major uncertainty, we believe that the major longer term trends and developments for risky assets remain in place. However, since there is a data heavy week ahead in the US with data releases on inflation (PCE, relevant for the US Fed), ...

From: LGT Navigator Abo

Sep 26, 2014 8:44 AM       Daily Market News   EN | DE

New issuances gained momentum in the last weeks

Post the summer lull new issuance in fixed income instruments seems to gain momentum again. In the Swiss Franc market the biggest Chinese bank tapped the market with an inaugural bond offering with a coupon of 1% and a 5 year maturity. Furthermore, the following names were active in CHF: Credit Agricole/1%/2021, Claraint/2.125%/2024, Lindt&Sprüngli/0.5%/2020, Lind&Sprüngli/1.0%/2024, BP/0.75%/2021, Hyundai Capital/ 0.5%/2017.

From: LGT Navigator Abo

Sep 25, 2014 8:43 AM       Daily Market News   EN | DE

Europe drives global M&A growth

The growth of M&A activity globally which is 35% higher YoY as of Q3 2014 was primarily driven by strong European growth, according to Bloomberg data. North American and Asian YoY growth currently stands just above 25% while Europe showed an increase in volume of 65%. The sustained M&A growth and increasingly covenant lite loans both indicate that the overall credit environment is likely becoming less favorable going forward.

From: LGT Navigator Abo

Sep 24, 2014 8:12 AM       Weekly Market Comment  EN | DE

LGT Beacon: Clarified Outlook for the British Pound

Contrary to widespread expectations, the Scottish people have voted decidedly in favor of their country remaining in the United Kingdom. In the run-up to the referendum, there had been some nervousness about the outlook for assets de-nominated in British Pounds. On hindsight, that commotion could be appropriately described with a phrase written a good century before the formal unification of the Kingdoms of England and Scotland: "Much Ado About Nothing".

From: LGT Beacon Abo