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Aug 29, 2014 8:33 AM       Daily Market News   EN | DE

Fears of escalating tensions in the Ukraine harm sentiment

Investors were more cautious on increased tensions in the Ukraine. Asian equity markets followed Wall Street benchmark indices, which closed lower on geopolitical insecurities, while U.S. economic data continued to impress.

From: LGT Navigator Abo

Aug 28, 2014 8:34 AM       Daily Market News   EN | DE

Veolia confirms outlook after solid Q2

Veolia Environment (Buy*) said that results improved significantly in the second quarter, following a weather-related weak first quarter. Europe?s biggest water company posted a surge in first-half profit as an improvement in water and waste operations countered a decline in demand for energy services. Adjusted net income of EUR 187m exceeded the EUR 162m median analysts? estimate compiled by Bloomberg. Revenues of EUR 11.2bn were in line with expectations. In its full-year outlook, Veolia reiterated the goal to improve revenues by about 10% and ?significantly? increase its adjusted operating profit.

From: LGT Navigator Abo

Aug 27, 2014 8:56 AM       Weekly Market Comment  EN | DE

LGT Beacon: Europe - the loser of the Ukraine crisis?

Arguably, Europe must be the biggest potential loser of conflict in Ukraine. Having barely survived the so-called euro crisis, a new "Cold War" looks like pretty much the last thing the Old Continent now needs. Nevertheless, subtle medium-term market signals are warning us not to give up on Europe just yet - indeed, they suggest that the recent European stock market sell-off was just the final shakeout amidst an ongoing turn-around in favor of the euro area.

From: LGT Beacon Abo

Aug 27, 2014 8:31 AM       Daily Market News   EN | DE

U.S. consumer sentiment near seven-year high

Consumer confidence in the U.S. unexpectedly climbed in August to the highest level in almost seven years, reinforcing signs of a strengthening outlook for the second half of 2014. The Conference Board?s sentiment gauge rose to 92.4, the highest since October 2007, from a revised 90.3 a month earlier, the New York-based private research group said. The median forecast in a Bloomberg survey called for a decline to 89. Americans are finding more reasons to be upbeat about their prospects for the rest of the year as recent reports pointed to a pickup in the job market and stock prices advanced to records. Stronger sentiment will also help underpin consumer spending. The Conference Board?s barometer of present conditions increased to 94.6, the highest since February 2008, from July?s 87.9. A gauge of consumer expectations for the next six months declined to 90.9 from 91.9 a month earlier. Americans? assessments of current labor-market conditions were more upbeat.

From: LGT Navigator Abo

Aug 27, 2014 7:45 AM       Company news  EN | DE

LGT achieves higher earnings and an increase in profits for the first half of 2014

LGT made solid headway both strategically and operationally in the first half of 2014. Total group profit rose 19% to CHF 102.8 million. Assets under management rose by 5% since the end of 2013 to CHF 116.2 billion. Net asset inflows totaled CHF 2.3 billion (corresponding to an annualized growth rate of 4.2%).