Nov 21, 2017
LGT once again secures top results in the annual Handelsblatt Elite Report and Fuchsbriefe wealth management rankings. On Monday evening, both juries designated the private banking and asset management group as one of the best wealth managers in German-speaking countries. The Elite Report editorial team also selected it as the best private bank in Liechtenstein.
Nov 21, 2017
The political earthquake in Germany following the failure of exploratory talks to form a "Jamaica" coalition government has shaken European stock exchanges only briefly at the start of the trading week. After initial losses the Frankfurt stocks barometer Dax and the Euro Stoxx 50 turned back into positive territory. Although political uncertainty in Berlin will persist for some time, equity markets are likely to continue to rely on positive economic prospects and a still expansionary central bank policy.
Nov 20, 2017
After the failure to form a new government in Germany, the single currency came under pressure and lost about -0.6% against the US dollar at the start of the week. Chancellor Angela Merkel now has to find other ways of
forming a majority capable government. Political uncertainty is likely to weigh on the Dax at the beginning of the week.
Nov 17, 2017
Sentiment on equity markets brightened up somewhat yesterday backed by some positive corporate news. American retailing giant Wal-Mart had raised its profit forecast before the important Christmas business, and networking specialist Cisco also expressed an optimistic outlook.
Nov 16, 2017
The short-term negative mood on the stock markets also prevailed at midweek. In Europe, a stronger euro and the decline in oil prices weighed heavily on exchange rates.