Feb 7, 2023 7:00:00 AM | LGT Navigator
LGT Navigator: Interest rate worries depress market sentiment
After the surprisingly robust US labour market data at the end of last week and the associated concern that the US Federal Reserve will continue its course of interest rate hikes, sentiment on stock markets is depressed, especially among technology stocks. Meanwhile, Australia's central bank tightened its key interest rate again. Investors are also watching geopolitical tensions between the USA and China due to the "balloon incident" and corporate reporting season in Europe, which is gaining momentum this week.