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1401 entries

Oct 21, 2016 8:57 AM | Daily Market News

LGT Navigator: Investors remain cautiously optimistic

Most stock exchanges in Asia booked moderate gains on the backdrop of a 15-month high oil price and good demand in the energy sector. The benchmark equity index in Tokyo closed above the 17,000 points mark, reaching the highest level in six months. On the other side of the Atlantic, Federal Reserve members pointed to a soon-to-be expected rate hike.

Oct 20, 2016 8:45 AM | Daily Market News

LGT Navigator: Nestlé issues profit warning

Nestlé slightly failed to reach its market expectations. Organic revenue growth of +3.3% was weaker than estimated (consensus +3.5%). In detail, +2.5% were due to internal real growth and +0.8% due to price adjust-ments. As a consequence, Nestlé lowered its organic sales growth forecast for the current year to +3.5% from +4.2, mainly due to slowed growth in the emerging markets and deflation in much of Europe and North America.

Oct 19, 2016 10:29 AM | Global market outlook and strategy

Monthly Asset Allocation PBE

The recent oil price developments could lead to a positive surprise on the inflation side. In equities the focus is on the U.S. earnings season and the corporate outlook for the next year. On this backdrop we have increased inflation-linked bonds and further reduce government bonds.

Oct 19, 2016 8:39 AM | Daily Market News

LGT Navigator: Increasing inflation signals

The U.S. inflation rate climbed to +1.5% in September, hitting a two-year high. Consumer prices rose more than expected from +1.1% in the previous month. On the other hand, the core inflation rate, excluding energy and food prices, dropped slightly to +2.2% from +2.3%. Emerging inflation could put the Federal Reserve (Fed) in a tight spot. However, Fed Governor Janet Yellen recently explained that a temporary overshooting of the Fed’s inflation target would not be considered a problem. In the U.K. inflation also rose to the highest in nearly two years. British consumer prices accelerated +1.0% last month compared to +0.6% in August.

Oct 17, 2016 8:37 AM | Daily Market News

LGT Navigator: Corporate earnings and monetary policy dominate

Stock markets remain cautiously optimistic on the backdrop of positive quarterly earnings from major U.S. banks and monetary policy. Investors will continue to focus on corporate earnings results and the timing of the next Fed rate hike. Federal Reserve Governor Janet Yellen defended the central bank’s expansive monetary policy, without excluding the possibility of a tightening before the year end.

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