Feb 9, 2018
LGT scooped up a total of three awards at the Swiss Sponsorship Awards 2018 with its project “LGT Young Soloists”. The private bank won the “International Sponsoring” category and took second place for “Culture Sponsoring”. It also received the audience award for its sponsoring commitment.
Feb 21, 2018
Investors are expecting new impulses from the US Federal Reserve's economic report this evening. The Fed's so-called Beige Book reflects the assessment of the twelve different US Federal Reserve districts on the current economic situation. The Beige Book will then serve as the Fed’s monetary policy decision basis.
Feb 20, 2018
In view of the holiday-related absence of the US American stock exchanges (President's Day), European stock indices lacked clear momentum after an initially friendly start to the week causing the recent recovery to stutter. Stock markets in many Asian countries remained closed, including Hong Kong. On the Chinese mainland, markets are closed until Wednesday due to New Year's celebrations.
Feb 19, 2018
Stock markets in Europe and New York continued their recovery on Friday, and Asian stocks followed the positive lead at the start of this week. Investors' confidence and risk appetite has picked up again, after fears of a faster-than-expected rise in interest rates in the US have put a lot of pressure on stock markets over the past two weeks. A positive aspect for a continuous upward trend is the still intact economic outlook.
Feb 16, 2018
Sentiment on the equity markets remained positive and the recovery from last week's sharp slump continued, despite some sobering US economic data. The leading Wall Street indices posted their fifth consecutive day of profit yesterday and have partially made up for the decline since the record high in the last week of January. Even worse than expected US economic data and further signs of rising inflation pressures left stock investors cold (for the time being), while the yield on ten-year US government bonds is still close to 3%.