SNB & CHF

Stock Markets EM FX ended Friday on a firm note, capping off a generally softer week overall. TRY and PHP were the best performers last week, while CLP and ZAR were the worst. US core PCE, ISM manufacturing, FOMC meeting, and jobs data all pose risks to EM this week. We remain a bit defensive on risk assets in general now. Stock Markets Emerging Markets, April 25 - Click to enlarge Korea Korea reports March IP...

– Russia buys 300,000 ounces of gold in March and nears 2,000t in gold reserves – Russia now holds just over 1,861 tonnes, more than officially reported by China at 1,842t – Both Russia and China have the power to destabilise US dollar by dumping dollar-denominated assets – Turkey has removed all gold held in the U.S. opting for Bank of England and BIS  – Turkey follows trend set by both Germany, Netherlands and others...

Motor racing on race circuits has been banned in Switzerland for the last 63 years. Now, environmentally friendly Formula E is coming to Zurich. On June 10, these electric racing cars will be hurtling along the banks of Lake Zurich. (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 events. For more articles, interviews and videos visit...

The first LSD trip Nouvo brings you short videos about Switzerland, Swiss current affairs and the wider world. Keep up to date and watch the videos wherever you are, whenever you like. --- 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:...

MacroVoices welcomes Harley Bassman, Mark Cudmore and Jeffrey Snider for a triple header episode asking if the market correction is over. They further discuss bonds, commodities, and the US Dollar.

For those who fly regularly, living close to an airport might be convenient, but it’s also noisy. © Ifeelstock | Dreamstime.com - Click to enlarge To reduce noise, Basel-Mulhouse airport has decided to reduce the number of flights taking off between 11pm and midnight by half, according to a press release. Unlike Geneva airport, which is located entirely on Swiss soil but still operates a French side, Basel-Mulhouse,...

 L’endettement mondial, qui a atteint 164.000 milliards de dollars en 2016 et représente 225% du PIB mondial, représente un risque pour l’économie, a prévenu mercredi le FMI. Le monde est désormais 12% plus endetté que lors du précédent record en 2009 », a déploré le FMI. (Crédits: afp) - Click to enlarge L’endettement mondial atteint des records, sous l’impulsion de la Chine, au point de dépasser largement les...

Family Offices and HNWs Are Investing In Gold Again – Rising interest by family offices and high-net-worth (HNW) into gold bullion investments – Gold ETF assets have reached almost $100 billion due to HNWs and pension funds’ increased demand – Volatility in equities, concerns over trade wars, Trump’s Presidency and other economic worries are spurring demand for gold coins and bars – Prudent money ‘trickle’ back into...

Another ECB meeting, another balanced message of confidence and prudence. Unsurprisingly, the statement mentioned the deterioration in the data flow since March, but our impression is that the ECB is largely brushing off concerns about a soft patch in the economy for the moment. Indeed, Mario Draghi described the recent “moderation” in growth as the result of a pullback in sentiment from elevated levels, with economic...

The cantons of Neuchâtel (14.7%) and Geneva (14.6%) have the highest percentages of taxpayers owing money, according to the newspaper SonntagsBlick. © Siriporn Kaenseeya | Dreamstime.com - Click to enlarge Fribourg (12.6%), Bern (9.5%) and Luzern (6.5%) complete the top-five. Vaud (5.9%), Basel-City (5.5%) and Zurich (2.4%) are further down. Aargau (2.0%) and Uri (1.0%) sit at the bottom with fewest with oustanding tax...