Oct 9, 2017
LGT has been an official partner of the Champions Hockey League (CHL) and the CHL Top Scorer Award since September. In the CHL, the 32 best European hockey teams compete for the most coveted title in European club hockey.
Oct 4, 2017
Thanks to LGT’s outstanding ratings, Global Finance magazine has included the bank in its list of the world’s 50 safest banks.
Oct 16, 2017
Sentiment on stock markets remains relatively positive, also thanks to recent solid economic data from the USA, Europe and China. Consumer price data from the US indicated slightly higher inflation in September. Inflation rose from 1.9% in the previous month to +2.2%, with analysts forecasting an even stronger increase to +2.3% on average. Core inflation remained unchanged at +1.7%. In view of the strength of the American economy and the labor market, Fed head Janet Yellen sees further gradual increases in interest rates as appropriate despite low inflation. At the same time, retail sales rose sharply by +1.6% over the previous month, and US sentiment reached its highest level in 13 years, according to an initial assessment of the University of Michigan Monthly Survey in October.
Oct 13, 2017
Following new records on Wall Street and despite solid results from US banks, US stock indices consolidated somewhat in the face of waning confidence in Trump’s tax-cut plans and the Fed signaling a more cautious stance. Today, data on consumer price inflation in the US could attract attention after the US Federal Reserve's mid-week report of the last session, published in mid-week, was more cautious about further tightening of key interest rates.
Oct 12, 2017
Minutes of the last FOMC meeting last month revealed a strong degree of caution over the timing of future Fed interest-rate hikes. Several Fed policy makers want to see stronger evidence for inflation. While stocks on Wall Street continued their record chase, the US dollar pared losses. At the same time, the euro was able to hold on to recent gains as an immediate threat of a Catalonian break-up from Spain receded for the time being.