Skip navigation Scroll to top
Scroll to top

LGT Navigator: Accelerating escalation in trade conflict

August 9, 2018

The latent fear of an expansion of the trade conflict keeps capital markets in check. China has already announced new 25% tariffs on US goods worth USD 16bn in retaliation, thus countering the import duties previously imposed by Washington to the same extent. The oil price was close to a seven-week low in view of the ongoing trade dispute between the US and China.

The ECB's cautious bias toward an interest rate turnaround, despite the announcement to end its billion-dollar bond purchase program probably at the end of this year, weakened the euro significantly. The ECB maintained its key interest rate at a record low and remained extremely cautious in its communication. At the same time, the Bank of Japan also left its key interest rates unchanged and even lowered its inflation expectations.

Download LGT Navigator

More daily market views you can find in the latest PDF version of LGT Navigator: Download LGT market information