SNB & CHF

This upper secondary school in Glarus already has IT lessons Computer science has become obligatory at Swiss upper secondary schools, as the country seeks to plug its information technology (IT) skills gap. These schools (Gymnasium/lyceé/liceo), whose pupils typically go on to university, have until the school year 2022/3 to introduce the compulsory lessons, under a regulation change that came into force on August 1....

Swiss Franc The Euro has fallen by 0.14% to 1.1548 CHF. EUR/CHF and USD/CHF, August 02(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Bank of England meeting concludes a run of major central bank meetings over the past fortnight. The BOE is widely expected to join the Bank of Canada in raising rates. The Federal Reserve and the ECB were content to do and say...

Probably the two best known gold mining stock indexes in the world’s financial markets are the HUI and the XAU. HUI is the ticker symbol for the NYSE Arca Gold BUGS Index. XAU is the ticker symbol for the Philadelphia Gold and Silver Index. Both of these monikers make an appearance on many gold related websites and many general financial market websites as well, so its worth knowing briefly what these indexes are and...

Consumer sentiment in Switzerland has almost dropped back to its long-term average. While consumers still expect a positive economic development, they are less optimis-tic than in recent quarters. Consumers’ expectations regarding their own budget also remain subdued, while they adjusted their assessment of inflation upwards. Corre-spondingly, the likelihood of consumers making major purchases remains low. Switzerland...

Neuchâtel, 2 August 2018 (FSO) – Turnover in the retail sector rose by 1.1% in nominal terms in June 2018 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.6% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO). Real turnover in the retail sector also adjusted for sales days and holidays rose by 0.3% in June 2018 compared with the...

The risk budget is unchanged again this month. For the moderate risk investor, the allocation between bonds and risk assets is evenly split. The only change to the portfolio is the one I wrote about last week, an exchange of TIP for SHY. Interest rates are on the rise again, the 10 year Treasury yield punching through 3% again this morning. That is an indication that growth and/or inflation expectations have risen...

Wild animals like bears, wolves and beavers are protected by law and cannot, as a rule, be hunted. But now Parliament wants to amend the Hunting Act and loosen the restrictions, especially if the animals concerned cause damage. Swiss public television, SRF saw how animals and people can get in each other's way. (SRF/swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on...

Switzerland is reaching for the stars when it comes to drones and is aiming to become a hub for the drone industry. The Swiss drone industry's focus is not on gadget-lovers who use drones for fun, but on more sophisticated applications, from landscape surveys to a light show in a concert hall. (SRF/swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international...

Recently, members of the young socialists raised the debate of the social inequalities associated with two ticket classes again while on trains travelling between Fribourg and Bern. ©-Justforever-_-Dreamstime.com_ - Click to enlarge They complain that at periods of peak demand second class carriages are overflowing, while first class ones often have space and spare seats. Yvan Rime, co-president of the young socialists...

The cut to our growth forecast reflects slippage in euro area data. According to Eurostat’s preliminary flash estimate, euro area real GDP expanded by 0.3% q-o-q in Q2 2018 (0.346% q-o-q unrounded, 1.4% q-o-q annualised, 2.1% y-o-y), below consensus expectations (0.4%). This was the weakest growth in two years and comes after a GDP growth of 0.4% q-o-q in Q1. The carryover effect for 2018 reached 1.7 %, meaning that...