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152 entries

Dec 12, 2018 8:38:04 AM | LGT Navigator

LGT Navigator: Stocks recover on US-China trade optimism

The turbulence in stock markets eased somewhat towards the middle of the week. Investors are hoping for some relief in the trade conflict between China and the US. Beijing has moved in the direction of lowering tariffs on imported cars from the US, Bloomberg reported, after US President Donald Trump had already raised expectations of falling tariffs at the beginning of December. A proposal to reduce tariffs on American cars from the current 40% to 15% will be considered by the Chinese government in the coming days. The release of Huawei CFO Meng Wanzhou on bail in Canada also brought relief.

The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
The capital markets were all relaxed about the thoroughly trend-setting results of the US parliamentary elections, and most stock exchanges recorded some significant gains thanks to the uncertainty that has now been removed. Although US President Donald Trump's position of power has thus been weakened, this should not immediately mean a real change of direction in previous policy, especially with regard to the trade conflict, which is important for the financial markets.

Dec 12, 2018 8:00:00 AM | LGT Motorsport News

Season opening

The next round of the Formula E will start in the second week of December. A draw featuring great prizes will be held to kick off the season.

LGT Young Soloists at the Festival of South Tyrol in Merano

Dec 11, 2018 8:42:17 AM | LGT Navigator

LGT Navigator: Under the spell of the Brexit decision

In addition to the trade conflict and increasing concerns about the economy and interest rates, the UK's difficult divorce from the EU is also causing ongoing uncertainty. Yesterday Prime Minister Theresa May felt compelled to postpone the vote in the House of Commons, which was actually scheduled for tonight, on the Brexit treaty negotiated with the EU to regulate future relations between London and Brussels. The EU should be open to giving Britain more assurances, but does not want to return to the negotiating table.

The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
The capital markets were all relaxed about the thoroughly trend-setting results of the US parliamentary elections, and most stock exchanges recorded some significant gains thanks to the uncertainty that has now been removed. Although US President Donald Trump's position of power has thus been weakened, this should not immediately mean a real change of direction in previous policy, especially with regard to the trade conflict, which is important for the financial markets.

Dec 10, 2018 8:34:05 AM | LGT Navigator

LGT Navigator: Stocks fall on heightened risk of escalation

The New York Stock Exchange again suffered heavy losses at the end of last week due to fears of an escalation of the trade dispute with China, political turbulence in the White House and weaker economic data. The Dow Jones Industrial thus widened its recent losses, losing around -4.5% last week – the largest weekly percentage loss since March. As a result, the Asian stock markets are also trading in the red, in some cases significantly, at the start of the week. In Japan, GDP shrank at a stronger-than-anticipa-ted pace of -0.6% in Q3 compared to the previous quarter.

The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.
The capital markets were all relaxed about the thoroughly trend-setting results of the US parliamentary elections, and most stock exchanges recorded some significant gains thanks to the uncertainty that has now been removed. Although US President Donald Trump's position of power has thus been weakened, this should not immediately mean a real change of direction in previous policy, especially with regard to the trade conflict, which is important for the financial markets.

Dec 3, 2018 8:25:00 AM | LGT Motorsport News

Congratulations and good luck!

The Formula E driver and LGT brand ambassador Daniel Abt celebrates his twenty-sixth birthday today. LGT congratulates Daniel and wishes him every success for the upcoming season.

LGT Young Soloists at the Festival of South Tyrol in Merano

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