May 20, 2022 7:00:00 AM | LGT Navigator
LGT Navigator: Sentiment on Wall Street remains tense – Asian stock markets with tailwinds
Fears of interest rates and recession, as well as concerns that central banks will not be able to get inflation under control despite countermeasures, continue to cause unrest on the capital markets. If interest rates rise too quickly and too sharply, this will jeopardize economic growth, which is already hampered by supply chain problems and geopolitical uncertainties. Against this backdrop, volatility is likely to remain high and stock market sentiment fragile. In Asia, an intervention by the Chinese central bank provided a tailwind for the stock markets, at least in the short term.