Skip navigation Scroll to top
Scroll to top

LGT Navigator: Stock markets try to shake off uncertainties

August 8, 2018

At mid-week, sentiment on stock markets brightened again thanks to support from the corporate reporting season. Asian stock markets today gained for the second day in a row after the S&P 500 index closed at its highest level since the record on January 26. However, geopolitical uncertainties remain a mortgage for investors.

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