SNB & CHF

05.08.2019 – Turnover in the retail sector rose by 0.7% in nominal terms in June 2019 compared with the previous year. Seasonally adjusted, nominal turnover rose by 1.4% 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 0.7% in June 2019 compared with the previous year. Real...

After falling against all the major currencies in June, the US dollar rebounded in July. The Dollar Index finished the month at new two-year highs with the Fed’s suggestion it was engaged in a mid-course correction rather than a sustained easing cycle. The dollar also appeared buoyed by the extent of the dovishness by the ECB and the heightened risks that the UK leaves the EU at the end of October without an agreement....

© Mr.phonlawat Chaicheevinlikit | Dreamstime.com In 2018, 830,000 people in Switzerland were unable to find the work they wanted, according the Federal Statistical Office. While 243,000 were looking but not immediately available and 231,000 were unemployed, most (356,000) were underemployed – working but unable to find as many hours of work as they’d like. The additional hours sought by underemployed workers was...

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The October 31 deadline for the UK to leave the EU is less than 100 days away.  The new Prime Minister is beginning to convince others that that UK will, in fact, leave at the end of October.   PredictIt.Org shows the odds of the UK leaving has risen to almost 50% from about a 33% chance a month ago.   Here is a summary of where the situation stands and some key dates going forward.  Boris Johnson handily won the Tory...

© Industryviews | Dreamstime.com Figures on unfilled apprenticeship places show the difficulty of matching supply and demand in the labour market. This year there were 12,000 unfilled apprenticeship positions in Switzerland. Switzerland’s apprenticeship model, which helps match workers’ skills with employer demand, is one driver of Switzerland’s low unemployment (4.9%) – 2018 ILO basis. However, it seems to suffering...

Following months of cajoling by the White House, the Federal Reserve finally cut its benchmark interest rate. However, the reaction in equity and currency markets was not the one President Donald Trump wanted – or many traders anticipated. The Trump administration wants the Fed to help drive the fiat U.S. dollar lower versus foreign currencies, especially those of major exporting countries. Instead, the U.S. Dollar...

In a Swiss National Day address to Swiss citizens who live in another country, Ueli Maurer, who holds the rotating Swiss presidency this year, stresses shared Swiss values. --- 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 events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch...

Stefan Meierhans has a job that doesn't exist elsewhere. For more than 10 years he has been keeping an eye on Swiss prices, to make sure they're fair and honest. One of his big fights is making public transport more attractive than individual transport by car. All in all, young people are one of his main focus groups, because they're more vulnerable when it comes to debts. Nouvo brings you short videos about Switzerland, Swiss current affairs and the wider world. Keep up to date and watch...