Mar 13, 2017
LGT continued on its successful course in the 2016 financial year. Group profit for the full year rose 9% to CHF 230.0 million, despite a challenging market environment and further investments in business growth. Net asset inflows totaled CHF 11.7 billion, which corresponds to continued strong growth of 9%. The successful completion of the LGT Vestra acquisition contributed an additional CHF 8.0 billion in client assets. Assets under management increased 18% to CHF 152.1 billion.
Mar 24, 2017
Stocks on Wall Street declined after Republicans of the U.S. House of Representatives failed to pass the so-called “Obamacare” replacement bill and had to reschedule another vote for today. This comes in an environment of increased insecurity regarding the practicability of the new U.S. administration’s planned infrastructure projects and tax cuts.
Mar 23, 2017
Stock market sentiment deteriorated and risk-off mode increased as a certain disillusionment with U.S. President Donald Trump’s agenda, particularly about the administration’s prospects for economic stimulus and tax cut plans, is creeping in investors’ minds.
Mar 22, 2017
European equity markets lost its pace quickly after the New York opening as profit taking dominated on Wall Street. Yesterday’s decline in New York trading was the biggest slide since the U.S. Presidential elections in November 2016.
Mar 22, 2017
The initial investor euphoria about the new US administration’s economic policy plans seems to be fading, prompting some strategists to warn that the post-election “reflation trade” could unravel soon. However, the reflation theme clearly preceded the US election. As long as its global drivers remain intact, a lack of new US policy impulses will probably not suffice to reverse this trend.