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Apr 24, 2015 8:35 AM       Daily Market News   EN | DE

PMI surveys point to more cautious stance

Preliminary results of Markit?s purchasing managers surveys signaled that companies are getting more cautious as insecurities about the Greek debt crisis drags on. The composite purchasing managers index, which includes assessments from corporates in the manufacturing and services sectors, fell to 53.5 points in April, from 54.0 in March, after posting gains in the previous four months.

From: LGT Navigator Abo

Apr 23, 2015 8:40 AM       Daily Market News   EN | DE

Greek drama without an end

In Europe the Greek debt crisis remains the major topic and it seems unlikely that an agreement can be found quickly, as Eurozone finance ministers still wait for promised reform proposals by the Greek government in return for additional financial support. Meanwhile, the ECB seems ready to increase emergency funding for Greek banks within the framework of its emergency lending assistance program (ELA).

From: LGT Navigator Abo

Apr 22, 2015 8:08 AM       Weekly Market Comment  EN | DE

LGT Beacon: China's H shares still offer decent value

Last Sunday, China?s central bank cut the required reserve ratio for banks for the second time since November, confirming a broader policy easing bias. That stance should support the Chinese uptrend over the medium-term. After all, China?s equity benchmarks are among the few in the world that have not yet reclaimed the pre-crisis levels of 2007.

From: LGT Beacon Abo

Apr 22, 2015 7:41 AM       Daily Market News   EN | DE

Japan posts first trade surplus in nearly three years

Japan showed the first trade surplus since nearly three years. Japanese exports, as expected, rose +8.5% in March, while at the same time, imports slumped -14.5%. In Tokyo, the Topix equity index reached the highest level since November 2007, while the MSCI Asia Pacific Index rose to a seven-year high..

From: LGT Navigator Abo

Apr 15, 2015 8:46 AM       Weekly Market Comment  EN | DE

LGT Beacon: US earnings growth surprises on the upside

Plunging energy prices and a soaring US dollar were supposed to cause a rare annual drop in first quarter US corporate earnings, according to consensus forecasts. However, initial reports from the US earnings season suggest that analysts, on average, are significantly underestimating the positive impact these very same factors have on domestic consumption and even manufacturing. As a result, overall US earnings will probably continue to grow at a respectable pace.

From: LGT Beacon Abo