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Mar 3, 2015 12:46 PM       Daily Market News   EN | DE

Slower growth trend in US manufacturing (ISM)

The ISM manufacturing purchasing managers index (PMI) signaled that US manufacturing grew at a slower pace in February. The PMI dropped to 52.9, the lowest since January 2014, from 53.5 a month earlier. Weaker demand from overseas customers and domestic energy producers led to a weaker growth in new orders, the Institute for Supply Management said. In the Eurozone the PMI for the industry sector remained unchanged at 51.0 in February. While manufacturing in Germany and Italy strengthened, the French industry remained in contraction. A drop in the Euro-area unemployment rate to 11.2% at the beginning of this year, the lowest in three years, delivered a hopeful signal. Meanwhile, the risk of deflation seem to decrease as consumer prices fell a more moderate -0.3% in February y-o-y, following a -0.6% negative inflation rate in January. In a surprise move Australia?s central bank left interest rates unchanged at 2.25%.

From: LGT Navigator Abo

Mar 2, 2015 8:43 AM       Daily Market News   EN | DE

Awaiting European and US PMI survey data

Stocks in Asia started the week mostly with moderate gains as China purchasing managers indices (PMI) came in better than expected. HSBC?s PMI for Chinese manufacturing rose to 50.7 in February from 49.7 in January. European and US equity markets will also await purchasing managers survey data today.

From: LGT Navigator Abo

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