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Nov 21, 2014 9:34 AM       Daily Market News   EN | DE

US data points to earlier Fed tightening

Positive economic data from the U.S. increased the likelihood for an earlier Fed tightening, which had a negative effect on equity markets yesterday. The Conference Board?s leading indicator rose +0.9% in October (consensus: +0.6%) signaling a stronger growth trend in the U.S. six months from now. The Philly Fed indicator climbed to 40.8 points in November, the highest since 1993.

From: LGT Navigator Abo

Nov 20, 2014 8:46 AM       Daily Market News   EN | DE

Fed sees risks of lower inflation expectations

In the U.S., equity markets reacted subdued to the release of the FOMC minutes from October 28-29. The Fed particularly underscored risks of a decline in long-term inflation expectations, as inflation has remained below the Fed?s 2% goal for 29 straight months. In other news, building permits in the U.S. climbed 4.8% in October to a six-year high, pointing to a pickup in homebuilding, following a a 2.8% gain in September.

From: LGT Navigator Abo

Nov 19, 2014 7:36 AM       Weekly Market Comment  EN | DE

LGT Beacon: EM focus - gradual modification in India

Since Narendra Modi's election, the mood in India has become upbeat once more. Stakeholders in the economy and investors are pinning high hopes on the new government. It appears the country could get back on track. Investors should not be unsettled by the lack of radical reform, as India does not need metamorphosis, but only modification.

From: LGT Beacon Abo

Nov 19, 2014 6:44 AM       Daily Market News   EN | DE

Awaiting FOMC minutes for clues on Fed?s course

Asian stocks are trading mostly lower this morning and the Yen remained at a seven-year low against the US dollar following Japanese Prime Minister Shinzo Abe?s call for snap elections (probably on December 14) and a 18-months delay of the second planned sales-tax increase. Markets are now awaiting the release of the FOMC minutes from the October 28-29 meeting, hoping for new clues on the timing of a first tightening.

From: LGT Navigator Abo

Nov 18, 2014 8:56 AM       Daily Market News   EN | DE

Abe to call early elections and delay tax hike

While stock indices on Wall Street trended sideways, the direction in Asia remained inconsistent. However, Tokyo?s equity markets rose again, following a heavy drop at the beginning of this week. Japanese Prime Minister Shinzo Abe is set to call early elections and postpone another sales tax increase for 18 months, originally scheduled for October 2015.

From: LGT Navigator Abo