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Sep 1, 2015 8:41 AM       Daily Market News   EN | DE

China PMIs reiterate fears of economic slowdown

China?s official purchasing manager index (PMI) fell to 49.7 in August, the lowest in three years, signaling a contraction in the manufacturing sector. The non-manufacturing PMI dropped as well, but remained at 53.4 above the 50 growth line. The Caixin China PMI Composite confirmed the dire outlook as the index declined to 48.8 from 50.2. As a consequence Asian stock markets took another hit.

From: LGT Navigator Abo

Aug 31, 2015 8:32 AM       Daily Market News   EN | DE

China woes and Fed timing determine the rhythm

Asian equity markets came under renewed pressure at the start of the week, extending the biggest monthly decline in more than three years. Fears of a sustained weakness in the Chinese economy (purchasing manager surveys are scheduled for release tomorrow morning) kept stock markets in firm grip. Furthermore, US Federal Reserve officials, signaled at the Jackson Hole meeting, that a rate hike as early as September is not out of the cards.

From: LGT Navigator Abo

Aug 28, 2015 8:27 AM       Daily Market News   EN | DE

US economy shows more strength

The US economy expanded more than previously estimated in the second quarter on solid consumer and business spending. Gross domestic product rose at an annualized rate of 3.7%, exceeding an initial estimate of +2.3%. The better-than-expected report comes as central bank policy makers meet in Jackson Hole.

From: LGT Navigator Abo

Aug 27, 2015 9:12 AM       Weekly Market Comment  EN | DE

LGT Beacon: The bulls will regroup and strike back

After rising steadily for four years, the equity markets are finally experiencing a ?correction? that is worth that name. History shows that volatility might stay high or even rise further in the short term. However, global fundamentals and policy setting remain benign, China?s slowdown is really old news, and interest rate-sensitive sectors are performing quite well in the US.

From: LGT Beacon Abo

Aug 26, 2015 7:45 AM       Company news  EN | DE

LGT in excellent shape

LGT reported very good results for the first half of 2015. Compared to the same period last year, total operating income rose 15% to CHF 548.8 million and total group profit increased 27% to CHF 131.0 million. Net asset inflows totaled CHF 4.1 billion.