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Feb 27, 2015 8:52 AM       Daily Market News   EN | DE

US inflation rate negative

The US inflation rate fell into negative territory for the first time since Octo-ber 2009 as fuel prices slumped. The consumer-price index declined 0.1% in January. Month-on-month, prices dropped -0.7%, the sharpest decline since December 2008. Energy costs slumped 9.7% in January, the biggest drop since November 2008, led by an 18.7% plunge in gasoline that was also the largest in six years. In Japan, consumer spending surprised negatively, dropping -5.1% in January y-o-y, while the inflation rate was unchanged at 2.4%. Excluding the sales-tax increase last April, core inflation ? the Bank of Japan?s key measure of price gains ? was only 0.2%.

From: LGT Navigator Abo

Feb 26, 2015 8:46 AM       Daily Market News   EN | DE

Tokyo stock exchange on 15 year high

Japanese stocks rose on the back of a weak yen, bringing the Nikkei 225 to a 15 year high and the Topix to the highest level in seven years. Chinese stocks climbed to a four-week high amid hopes the government might increase economic stimulus. Chinese Premier called for more active fiscal policy as the government announced tax breaks for small businesses and the central bank did not rule out additional monetary easing.

From: LGT Navigator Abo

Feb 25, 2015 7:57 AM       Weekly Market Comment  EN | DE

LGT Beacon: Europe-Greece accord confirms fading primacy of austerity

Europe has agreed to continue to provide heavily indebted Greece with cheap loans, primarily to service existing obligations and to safeguard the financial standing of its banks. At the same time, Greece?s new left-right coalition was also granted a modest relaxation of the associated fiscal austerity on social grounds, as well as a conditional say in reforming its own country. At the margin, the agreement is growth-friendly for Europe, and in line with our expectations.

From: LGT Beacon Abo

Feb 25, 2015 6:43 AM       Daily Market News   EN | DE

US Fed eyes for flexibility on future rate path

Federal Reserve Chair Yellen signaled that the central bank?s patience with holding interest rates near zero has its limits as she began laying the groundwork for a possible increase in borrowing costs later this year. While she made clear no rate increase is imminent, she told the Senate Banking Committee that the economy is on solid ground and she saw hints wages may be starting to pick up.

From: LGT Navigator Abo

Feb 24, 2015 8:42 AM       Daily Market News   EN | DE

Relief for European stock markets

Equity markets in Europe opened the week with moderate gains. Investors were cautiously optimistic on the preliminary settlement in the Greek debt drama. The EuroStoxx 50 temporarily reached the highest reading since Mid 2008. Athens has now to deliver its reform agenda. Today?s focus will be a speech by Fed President Janet Yellen. Investors hope for signals on the timing of the expected first tightening in US interest rates.

From: LGT Navigator Abo