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Jun 22, 2018 8:52 AM | Daily Market News

LGT Navigator: Stock market sentiment marked by caution

In view of the continuing risk of a further expansion of the trade conflict, caution dominates stock market sentiment. At the same time, the Swiss National Bank confirmed its loose monetary policy in the back of geopolitical uncertainties and the recent renewed strengthening of the Swiss franc. The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.

Jun 21, 2018 8:40 AM | Daily Market News

LGT Navigator: Fed Powell sees good reasons for further tightening

Federal Reserve Chairman Jerome Powell said yesterday at an ECB conference that in view of low unemployment, an inflation rate close to the Fed's target and a roughly balanced economic outlook, he sees strong arguments in favor of a further gradual increase in key rates. At the same time, however, Powell also pointed to the high level of uncertainty in the current environment, such as the trade conflict. The Fed is forecasting two more rate hikes in 2018 after raising its key interest rate last week for the second time this year and for the seventh time since the turnaround in rates initiated at the end of 2015. The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.

Jun 20, 2018 8:34 AM | Daily Market News

LGT Navigator: Trading conflict causes stock prices to slide

Sentiment on the stock markets remains tense in view of the escalation in the trade dispute between the USA and China. Against the backdrop of the trading conflict, stocks on Wall Street dived and the SMI briefly reached its lowest level since February 2017. The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.

Jun 19, 2018 8:43 AM | Daily Market News

LGT Navigator: Trump threatens China with further escalation

The intensification of the trade conflict between the US and China and the dispute in the German government over refugee policy caused uncertainty among investors and increased profit taking on stock markets at the beginning of the week. Tensions will continue to keep the capital markets in check, as US President Trump is again accepting an escalation of the trade dispute with China and has already threatened further punitive tariffs worth USD 200bn. The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.

Jun 18, 2018 8:30 AM | Daily Market News

LGT Navigator: Trade war tensions cloud investors' sentiment once again

The US government has announced punitive tariffs of 25% on more than 1,100 Chinese products worth USD 50bn, dampening investor sentiment. At the same time, China and the EU imposed retaliatory duties on US goods. A worsening of the trading conflict will cause further unrest in the new trading week. Following the rate decisions of the Fed, ECB and BoJ, this week's focus will be on the monetary policy announcements of the Bank of England and the Swiss National Bank (SNB) on Thursday. The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.

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