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Sep 30, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Economic worries and geopolitics have stock markets in their grip

On the stock markets, the recovery observed in midweek already petered out again. Subdued economic data from the US and Europe and the now double-digit inflation rate in Germany heightened investors' concerns. Also contributing to the nervousness are the geopolitical tensions regarding Russia's planned annexation of parts of eastern and southern Ukraine and North Korea's recent missile test.  

Sep 29, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Bank of England intervenes in the bond market and Porsche makes its stock market debut

The British central bank felt compelled to intervene directly in market events due to the ongoing turbulence on the bond and currency markets. Europe's stock markets initially recovered significant losses in the middle of the week and managed to climb into positive territory, and on Wall Street the indices ended their six-day losing streak. The focus today is on the IPO of Porsche AG on the Frankfurt Stock Exchange.

Sep 28, 2022 7:00:00 AM | LGT Private Banking Europe House View

LGT Private Banking Europe House View – October 2022

In order to curb inflation, central banks are tightening the interest rate screw further and are accepting the risk of a recession. Due to the increased risk of a global economic downturn, we classify high-yield as unattractive in our fixed-income strategy. Regarding stocks, the upcoming reporting season should provide information on how strong the decline in earnings will be in the coming quarters. At sector level, our preference remains for pharma and telecoms over technology and consumer cyclicals.

Sep 28, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Interest rate worries and higher yields keep stock markets under pressure

Surprisingly good economic data from the US and hawkish statements from Federal Reserve officials again fueled speculation regarding further rapid interest rate hikes. The interest rate worries drove yields on the bond markets up further and depressed share prices on Wall Street. Stock market jitters remain palpable amid a mix of alternating economic optimism and pessimism, inflation and interest rate worries.

Sep 27, 2022 7:00:00 AM | LGT Navigator

LGT Navigator: Rising yields and turbulence on the foreign exchange market

In addition to rising yields on the bond markets, a massive slump in the British pound caused turmoil on capital markets on Monday. Fears of a debt crisis on the island increased after the new government announced tax cuts, pushing the pound to a record low against the US dollar. According to media reports, the Bank of England could consider an extraordinary interest rate hike to support the pound. The euro also remains under pressure as the slide to the right in Italy raises the specter of a renewed euro crisis. 

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