May 14, 2021 7:00:00 AM | LGT Navigator
LGT Navigator: Recovery on Wall Street despite worrying inflation signals
Although the latest data from the US did little to calm investors' inflation fears, the indices on the New York Stock Exchange managed to stage a recovery. However, in view of the highest inflation rate in the US for more than twelve years and the surprisingly strong rise in American producer prices, it is questionable how sustainable this will be. However, as long as the central banks regard the surge in inflation as only a temporary phenomenon, the danger of interest rates rising soon does not yet seem acute. However, investor skepticism is likely to continue to weigh on the stock markets in the near future.