SNB & CHF

Trump’s aggressive trade war overtures and China’s initial retaliatory moves have spooked Wall Street over the past week and again on Monday, which helped drive down the Dow Jones by 459 points, with the Nasdaq Composite quickly approaching correction territory. And as the mass exodus continues out of Wall Street’s highest-flying stocks, trade war concerns are sparking political, regulatory and market challenges that...

Les quantitative easing de la dernière décennie ont créé un assèchement de liquidités locales. Ceci est un fait observable. Les banques locales sont étranglées par diverses directives imposées par les tenants et « régulateurs » de la haute finance internationale (Finma pour la Suisse). L’échec économique se propage, avec de multiples faillites de commerces et d’entreprises? Vous n’avez plus accès à vos...

The consumer price index (CPI) rose by 0.4% in March 2018 compared with the previous month, reaching 101.5 points (December 2015=100). In comparison with the same month of the previous year, inflation stood at 0.8%. These figures were compiled by the Federal Statistical Office (FSO). Switzerland Consumer Price Index (CPI) YoY, May 2013 - Apr 2018(see more posts on Switzerland Consumer Price Index, ) Source:...

Swiss Franc The Euro has fallen by 0.07% to 1.1787 CHF. EUR/CHF and USD/CHF, April 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Global equity markets are higher, following the stunning recovery in the US yesterday, where the S&P 500 rallied 76 points or 3% from its lows to it highs, near where it finished. The outside up day is seeing following through today....

At the end of March 2018, the Swiss National Bank (SNB), held 8.93 million A class shares compared to Mark Zuckerberg’s holding of 8.91 million, according to the newspaper Handelszeitung. © Bumbleedee | Dreamstime.com - Click to enlarge However, most of Zuckerberg’s shares are B class shares, a class of shares which is not quoted and give the founder control of the business. Zuckerberg holds 393.9 million of these....

Gold Is Money While Currencies Today Are “IOU Nothings” Now that the international monetary system we have long known has broken down, and the world is groping through monetary reform for a new one, it is time to consider some fundamentals. - Click to enlarge What is money anyway? First, it is a means of payment or medium of exchange. I prefer that first phrase. It is simpler. We all use money to pay our bills,...

[embedded content] Bob Williams and Joseph Y. Calhoun talks about Bi-Weekly Economic Review for April 01, 2018. Related posts: Bi-Weekly Economic Review: Embrace The Uncertainty Bi-Weekly Economic Review Bi-Weekly Economic Review: One Down, Three To Go Bi-Weekly Economic Review: A Whirlwind of Data Bi-Weekly Economic Review: Don’t Underestimate...

- Click to enlarge Zurich, 3 April 2018 – The Board of Directors of UBS Group AG is proposing Jeremy Anderson and Fred Hu for election as new members of the Board of Directors for a one-year term. Jeremy Anderson (born 1958) was Chairman of Global Financial Services at KPMG International from 2010 until November 2017. He previously held various senior positions at KPMG and was appointed to lead KPMG’s UK Financial...

Swiss Franc The Euro has risen by 0.31% to 1.1799 CHF. EUR/CHF and USD/CHF, April 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Late yesterday, the US announced that specific tariffs and goods that would be targeted for intellectual property violations. China had warned of a commensurate response and earlier today made its announcement. This sent reverberations...

Train connections to Switzerland were completely cancelled on Tuesday and several flights between Zurich and Paris were also affected. (Keystone) - Click to enlarge Nationwide strikes in France against railway reforms have resulted in all rail connections to Switzerland being cancelled on Tuesday. The so-called Black Tuesday marked the first day of a series of strikes expected to last until the end of June....