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 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%.
Feb 15, 2018
US consumer price data signaled stronger than expected inflationary pressures, but surprisingly did not lead to accelerated fears of a faster increase in interest rates. Before, an unexpectedly strong rise in wages recently raised concerns on stock markets that the Fed could raise key rates more often and faster than expected to contain inflation risks.
Feb 14, 2018
Various short-term excesses began to resurface in markets in January. Luckily, the sharp correction that ensued provided the overdue cold shower, which should help cool expectations, bring prices more in line with fundamentals, and thus prolong the bull market. As our macro view remains positive, we used the rout to put some of our cash back to work.
Feb 14, 2018
Investor sentiment remains fragile, and fears of rising interest rates appear to be shaping events on the capital markets in the coming days as well. Against this backdrop, markets are eagerly awaiting the release of the latest US inflation data this afternoon. If the inflation rate is coming in higher than anticipated, this would further exacerbate investors’ interest rate fears and put equities under pressure.