Mar 30, 2022 7:00:00 AM | LGT Private Banking Europe House View
LGT Private Banking Europe House View – April 2022
The soaring prices on energy markets are fuelling inflation and reducing consumers' purchasing power. The major central banks are responding to the high inflation by tightening monetary policy. However, this also threatens to cool the economy. In the equity segment, we prefer the US to Europe and emerging markets in the short-term. In addition, we are taking profits in the mining sector. Meanwhile, the currencies of commodity-producing countries are lagging the rally in the commodity market and have catch-up potential.