Jan 20, 2017
LGT Navigator: Draghi sees increasing price pressures relaxed
ECB President Mario Draghi said he sees “no convincing signs yet of an upward trend in underlying inflation”. Furthermore, risks to the economic outlook in the Eurozone remain to the downside. On this backdrop the ECB will probably have to continue its expansive monetary policy for longer. The central bank might as well take political risks (Trump, upcoming elections in France and Germany) in to its considerations.
Jan 19, 2017
LGT Navigator: ECB monetary policy meeting in focus
Investors remained cautious prior to today’s monetary policy decision of the European Central Bank (ECB) and most stock indices traded sideways. Investors
will observe closely ECB President Draghi’s statement after the significant increase in Eurozone consumer prices.
Jan 18, 2017
LGT Navigator: May puts her Brexit cards on the table
UK Prime Minister Theresa May presented her strategy including a twelve point plan for the Brexit. Basically, the British government aims for a clear
cut, i.e. a pledge to exit the European domestic market and the customs union, as well as turning away from the European High Court. Instead the
United Kingdom wants to negotiate a new free trade agreement with Brussels. As the Prime Minister’s core arguments had been published in the
media beforehand, the market reaction remained relatively muted, as many market participants had anticipated an even tougher Brexit plan. On this
background, the British pound recovered some of its recent losses.
Jan 16, 2017
LGT Navigator: Solid U.S. data but disillusionment with Trump
Besides relatively satisfactory U.S. economic data, quarterly earnings by the two major U.S. banks JPMorgan Chase and Bank of America ensured a slightly improved investor sentiment at the end of last week. On the other hand, President-elect Trump is making headlines with an attack against German car makers, the European Union and NATO.
Jan 11, 2017
LGT Beacon: Navigating fragile markets
In 2017 there will be no shortage of political events with a potential to at least disrupt the global equity bull market, like the upcoming Brexit process or the German and French elections. Still, we advise investors to remain constructive and focus on setting portfolios on a robust footing by adopting a long-term asset allocation that includes alternative investments.