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Jun 23, 2017 8:55 AM | Daily Market News

LGT Navigator: Oil price currently market dominating

The continued pressure on oil prices remained the dominating topic on stock markets, despite a short-term stabilization yesterday, clouding the sentiment particularly for energy stocks. The price of European benchmark oil price Brent fell to the lowest level since November yesterday. An increase in U.S. production was sighted as one reason for the decline. On the other hand, solid demand for health care stocks on the backdrop of the anticipated Republican health care bill ensured at least a sideways trend on Wall Street.

Jun 22, 2017 8:48 AM | Daily Market News

LGT Navigator: Short-term retreat in safe havens

While gold or the Japanese yen rose, oil prices remained under pressure, causing investors to retreat in safe-haven assets. Chinese stocks gained on the planned inclusion of A-shares into the MSCI Emerging Markets Index next year.

Jun 21, 2017 9:05 AM | Daily Market News

LGT Navigator: Oil price decline clouds investor sentiment

A drop in oil prices clouded the sentiment on Wall Street and on Asian stock exchanges. Geopolitical tensions in the Middle East increased following an incident where the U.S. shot down a Syrian fighter jet. Additionally, a potential further escalation of the North Korean conflict accelerated worries. On this backdrop the recent record stocks rally came to a halt and economic optimism was somewhat dimmed.

Jun 20, 2017 8:38 AM | Daily Market News

LGT Navigator: Positive mood keeps stocks on record levels

Thanks to a positive tone from Asia and a surprising clear victory for Frances’ new President Emmanuel Macron at the Parliamentary elections, as well as technology shares in demand, equity markets enjoyed a successful start into the new week. In Tokyo, the leading stock index benefitted from a weaker yen and a positive lead from Wall Street, continuing its recent rally, reaching the highest level since Mid-2015.

Jun 19, 2017 8:45 AM | Daily Market News

LGT Navigator: Amazon stirs up retail sector

Amazon announced on Friday to acquire organic-food chain Whole Foods Market for USD 42 per share in an all-cash transaction, which corresponds to a premium of 27% vs. its previous closing price and values the company at CHF 13.7bn including its net debt. This marks the biggest transaction ever for the e-commerce giant and its most aggressive move yet to get into the world of brick-and-mortar stores as well as groceries. While the share price of Amazon increased +3.3% on Friday, grocery stocks came under heavy pressure.

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