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236 entries

Aug 13, 2020 7:00:00 AM | LGT Navigator

LGT Navigator: Unwavering equity investors sustain stock market rally

By mid-week, the positive mood on European stock markets had initially weakened, but then gained considerable momentum again in New York and this morning in Asia. Despite the ongoing controversy in Washington over the new corona aid package, investors seem convinced that an agreement will finally be reached and that the funds will allow the economy to recover. Even the currently worryingly rising Covid-19 infection figures, for example in Germany, have not dampened optimism.

Aug 12, 2020 7:00:00 AM | LGT Navigator

LGT Navigator: Investors take some chips from the table

Profit taking ended the rally on Wall Street yesterday. While stock prices were initially driven by the reduction in capital gains tax, which US President Donald Trump brought into play , the US stimulus package anticipated by investors remains controversial in Washington and an agreement does not yet seem to be in sight. Highly controversial is also the Covid-19 vaccine announced by Russia. Meanwhile, Democratic candidate Biden set a first highlight in the US presidential election campaign with the election of Kamala Harris as vice-president.

Aug 11, 2020 7:00:00 AM | LGT Navigator

LGT Navigator: Dow Jones regains pre-corona crash levels

At the beginning of the week, the Dow Jones Industrial climbed to its highest level in just over five months, despite ongoing uncertainties regarding the pandemic and the often troubled relationship between the US and China. The leading US index thus regained the level it had before the corona crash. Investors appear to be pinning their hopes on an agreement on a further corona bailout package in Washington after US President has put Congress under pressure.

Aug 10, 2020 8:00:00 AM | LGT Motorsport News

Audi driver di Grassi also scores points in fourth race of Formula E finale

Audi driver Lucas di Grassi also scored points in the fourth race of the Formula E finale in Berlin, keeping his chances very much alive to finish the season as runner-up. On Sunday evening, the Brazilian drove his Audi e-tron FE06 from 12th on the grid to sixth in light rain and partially wet track conditions.

Aug 10, 2020 7:00:00 AM | LGT Navigator

LGT Navigator: New dispute in the US Congress after Trump's one-sided action

Because Republicans and Democrats have so far been unable to agree on another corona aid package, US President Donald Trump has passed a resolution bypassing Congress to increase unemployment benefits. Meanwhile, Joe Biden is expected to announce his pick for vice president this week. Twitter announces interest in the Chinese video platform TikTok. 

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