Monthly Market Outlook by LGT Vestra
September/October 2019
by LGT VestraDespite having cut interest rates in July, the Federal Reserve (Fed) delivered another 25 basis-point rate cut in September. However, they stopped short of making a clear commitment to further easing, which disappointed the market. The median projection...Read More
August/September 2019
by LGT VestraAt the start of August we saw equity markets fall as protests in Hong Kong increased tensions between China and the West. These issues have since abated as Hong Kong Chief Executive Carrie Lam formally withdrew the extradition bill, and markets stabilised...Read More
July/August 2019
by LGT VestraThe last month has seen equity markets retreat from their highs of the year so far. This latest bout of jitters came about as President Trump raised more tariffs on US imports of Chinese goods. The Federal Reserve (Fed), while cutting rates for the first...Read More
June/July 2019
by LGT VestraSo far this year, we have been reminded that economics in isolation can provide false signals for equity markets. Despite stronger nonfarm payroll numbers, in general, economic data has been weaker than expected. Soft data indicators, including the...Read More
May/June 2019
by LGT VestraA combination of weak US manufacturing data and the ongoing trade disputes has resulted in a shift in investors' expectations for interest rates in the US, with the market now pricing in two to three rate cuts by the end of the year....Read More
