SNB & CHF

20.12.2018 – The construction price index recorded a rise of 0.3% between April and October 2018, reaching 99.3 points (October 2015 = 100). This result reflects a greater increase in civil engineering prices than in building prices. Year on year, construction prices increased by 0.6%. These are the results of the Federal Statistical Office (FSO). Development of the construction price index in Switzerland Source:...

© Vadimgozhda | Dreamstime.com Heidi Joos, the managing director of the organisation Avenir 50 plus, and others, plan to launch a referendum aimed at introducing laws against age discrimination in Switzerland. Age discrimination in recruitment is common in Switzerland. Some job search websites allow filtering by age, and job adverts sometimes specify applicants be below a particular age. The initiative aims to provide a...

Over the past five sessions, the yen is the strongest of the major currencies, appreciating about 1.7% against the US dollar, eclipsing the Swedish krona, which rallied strongly today after the Riksbank’s surprise rate hike. Given the sell-off in equities and the decline in markets, the yen’s strength is not surprising. What was surprising though was the dollar’s resilience against the yen earlier this month as equities...

Swiss Franc The Euro has risen by 0.04% at 1.1308 EUR/CHF and USD/CHF, December 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is little reprieve from the equity meltdown ahead of the weekend.  Major markets in the Asia-Pacific region, including Japan, China, India, and Australia pushed lower. The MSCI index of the region is near 15-month lows. The Dow...

Current Account Key figures: Current Account: Down 35.7% against Q3/2017 to 14.6 bn. CHF of which Goods Trade Balance: Down 23.9% against Q3/2017 to 10.5 bn. of which the Services Balance: Plus 8.7% to 5.0 bn. of which Investment Income: Minus 39.7% to 7.6 bn. CHF. Current Account Switzerland Q3 2018(see more posts on Switzerland Balance of Payments, Switzerland Capital Account, Switzerland Current Account,...

More and more people in Switzerland are relying on their smartphone to shop, pay and transfer money, although, compared internationally, the Swiss are still cautious. The Global Mobile Consumer Survey 2018external link, published on Wednesday by consultants Deloitte, found that 92% of all adults in Switzerland own at least one smartphone, 5% own only a mobile phone and 3% own neither. Similar trends are seen globally....

The official statement that accompanies each every FOMC policy action is by nature bland and sterile. Still, despite the sparseness of printed words those that are included can say a lot. Here’s its essence for what just wrapped up in December 2018: The Committee judges that some further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity,...

Gold traders appear excited about gold again as stocks are on pace for their worst year since 2008, and their worst December since 1931. Bullish bets on the yellow metal outnumbered bearish ones for the week ended December 11, resulting in the first instance of net positive contracts since July, according to Commodity Futures Trading Commission (CFTC) data. As many of you know, December has historically been a strong...

Swiss Franc The Euro has risen by 0.20% at 1.1334 EUR/CHF and USD/CHF, December 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Once again the US equity market failed to hold on to even minimal upticks. The sharply lower close spurred follow-through selling in global equities. Few have been spared the wrath of investors who apparently were disappointed with the...