SNB & CHF

Swiss Franc The Euro has risen by 0.14% to 1.0984 EUR/CHF and USD/CHF, November 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The strongest signs to date that even phase one of a US-China trade deal is proving elusive helped spur the risk-off mood that had already been emerging. The S&P 500 fell by the most in a month (~-0.40%) yesterday, closing the gap from last week we had noted was the risk, and...

Vor allem der Einfluss internationaler Sportereignisse wird das Wachstum des Bruttoinlandprodukts (BIP) im kommenden Jahr ankurbeln, erklärte die OECD. Entsprechend werde es 2021 wieder auf 1,0 Prozent zurückfallen. Für das laufende Jahr erwartet die OECD eine Zunahme des BIP um 0,8 Prozent. Das Wachstum werde in Summe also moderat bleiben, resümierte die Organisation. Denn das düstere globale Umfeld und anhaltende Handelsstreitigkeiten würden den Export und die...

USD/CHF fails to extend uptick beyond 200-bar SMA, 50% Fibonacci retracement. The symmetrical triangle continues to favor sideways momentum. While failure to break 200-bar SMA and 50% Fibonacci retracement speaks loudly of the USD/CHF pair’s weakness, a month-old symmetrical triangle could restrict pair’s near-term moves. The quote takes the rounds to 0.9910 by the press time of the pre-European session on Thursday. Given the quote’s latest slip beneath key technical...

Mikron’s factory in Agno, canton Ticino, has been hit by reduced demand from the automotive industry. (© Keystone / Christian Beutler) Swiss precision machine maker Mikron has laid off 25 workers, citing weak demand for its products from the global car industry. The news reflects pessimistic sentiment from Swiss manufacturers and the wider economy. Mikron announced on Tuesday that it would have to reduce headcount at a plant in southern Switzerland from its present...

Zurich, 20 November 2019 – Stark political choices make the 2020 outlook more difficult to predict, but innovation driven by technology and sustainability will present new winners and losers over the decade ahead, according to UBS Global Wealth Management (GWM)’s new Year Ahead outlook. UBS GWM’s core recommendations for the year are: quality and dividend-paying stocks, as well as domestic and consumer-focused firms that are less exposed to trade and business...

Global equity markets continue to power higher US-China trade tensions have eased MSCI World made a new all-time high today near 2290 and is up 23% YTD Our 1-rated grouping (outperformers) for Q4 2019 consists of Ireland, Sweden, Israel, Denmark, and Australia Our 5-rated grouping (underperformers) for Q4 2019 consists of the UK, Hong Kong, Greece, Germany, and Portugal Since our last update on August 21, our proprietary DM equity portfolio has risen 6.7%, slightly...

Chris Powell of GATA writes today about how he finds it interesting that CNBC are careful to admit that owning the GLD ETF is not the same thing as owning physical gold, a theme that has run strongly throughout our market commentaries for many years. He writes… Two cheers for today’s CNBC report celebrating the 15th anniversary of the gold exchange-traded fund GLD, since the report does not pretend that owning GLD is the same as owning the monetary metal itself....

Marketing guru and fund investor Hunter Hastings joins the Human Action podcast for a look at Economics for Entrepreneurs, a new platform which uses Austrian theory to teach actionable entrepreneurship. Can business acumen be taught, or is it innate? Hunter and Jeff examine consumer sovereignty, value creation, and the theory of the firm, all from a unique Austrian perspective. Austrians have a lot to say about how entrepreneurs ought to think, while business...

Swiss Franc The Euro has risen by 0.14% to 1.0984 EUR/CHF and USD/CHF, November 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The idea that a US-China trade deal is proving more elusive than the agreement in principle on October 11 implied is being seized upon to spur what we suspect is an overdue round of profit-taking in global equities. The MSCI Asia Pacific Index snapped a three-advance, with over 1%...

The high cost of living, especially accommodation, was a deterrent but not enough to cost Switzerland the top spot. (Keystone / Salvatore Di Nolfi) For the sixth consecutive year, Switzerland clinched the top spot in the annual global ranking of the Lausanne-based IMD business school. The 2019 editionexternal link of the IMD World Talent Ranking ranked Switzerland highly in the three areas assessed. It came first in appeal, second in investment and development...