Thursday , March 28 2024
Home / SNB & CHF (page 768)

SNB & CHF

FX Daily, February 11: New Calm in the Capital Markets Continues, Powell Moves to Center Stage

Swiss Franc The Euro has risen by 0.15% to 1.0675 EUR/CHF and USD/CHF, February 11(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors are taking solace from reports indicating that the increase in the new coronavirus at ground zero (Hubei) is slowing. After the S&P 500 reversed early losses yesterday to close at new record highs helped keep the bullish sentiment intact. Benchmarks in Hong Kong, South...

Read More »

Swiss Consumer Price Index in January 2020: +0.2 percent YoY, +0.2 percent MoM

10.02.2020 – The consumer price index (CPI) fell by 0.2% in January 2020 compared with the previous month, reach-ing 101.5 points (December 2015 = 100). Inflation was +0.2% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). The decrease of 0.2% compared with the previous month can be explained by several factors including falling prices for clothing and footwear due to seasonal sales. The prices for...

Read More »

Grossbanken – Fünf valable Kandidaten für Rohner-Nachfolge als CS-Präsident

Urs Rohner, VR-Präsident der Credit Suisse. Bild: ZVG Nach der Absetzung von Tidjan Thiam als operativer Chef der Credit Suisse wurde von verschiedenen Seiten auch gefordert, dass VR-Präsident Urs Rohner bereits auf die kommende Generalversammlung hin seinen Hut nimmt, so etwa vom Stimmrechtsberater Ethos. Rohner will sich aber an der kommenden GV von Ende April für ein letztes Jahr noch einmal wählen lassen. Im Jahr 2021 sollte er dann altershalber zurücktreten. Die...

Read More »

China’s Fatal Dilemma

Ending the limited quarantine and falsely proclaiming China safe for visitors and business travelers will only re-introduce the virus to workplaces and infect foreigners. China faces an inescapably fatal dilemma: to save its economy from collapse, China’s leadership must end the quarantines soon and declare China “safe for travel and open for business” to the rest of the world. But since 5+ million people left Wuhan to go home for New Years, dispersing throughout...

Read More »

Two Years And Now It’s Getting Serious

We knew German Industrial Production for December 2019 was going to be ugly given what deStatis had reported for factory orders yesterday. In all likelihood, Germany’s industrial economy ended last year sinking and maybe too quickly. What was actually reported, however, exceeded every pessimistic guess and expectation – by a lot. IP absolutely plummeted in the final month of 2019. Compared to the prior December, the index was down an alarming 6.7%. Minus seven...

Read More »

The Economy Is Not a Factory—Nor Should We Try to Make It One

A common issue with economists and political economists from left to right is that they misunderstand the market economy as simply being a set of production processes. We see this in Lenin’s statement that the Soviet Union should be run like one big factory. We see it in market socialists from Frederic Taylor to Oskar Lange attempting to respond to (and resolve) Mises’s argument that socialist economic calculation is impossible. And we see the same thing in the...

Read More »

Markets on Edge as New Week Begins

The coronavirus death toll is just over 900, exceeding the SARS epidemic; the dollar remains firm President Trump will unveil his budget proposal for FY2021 beginning October 1 today The faltering eurozone economy comes just as political uncertainty is picking up in Germany Norway inflation spiked in January; Turkish local rates spiked after regulators cut the FX swap limits for local banks Japan reported December current account data; China January CPI came in at...

Read More »

FX Daily, February 10: Quiet Start to the New Week in which Politics may Dominate

Swiss Franc The Euro has fallen by 0.19% to 1.0681 EUR/CHF and USD/CHF, February 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets have begun the new week on a cautious tone as investors seek to assess the latest news on the new coronavirus. Nearly all the markets in Asia fell but China. European bourses are lower as well, with the Dow Jones Stoxx 600 off about 0.3%. US shares are...

Read More »

Credit Spy: Ende gut, alles gut?

Was ist es, was uns im Falle des Überwachungsskandals der CS so stark verstört hat? Mir fallen drei Punkte auf. Erstens die Tatsache, dass die Schweizer Grossbank offensichtlich einen eigenen internen geheimen Überwachungsdienst unterhält, der Arbeitnehmer auch ausserhalb des Arbeitsplatzes und ihrer Arbeitszeiten überwacht respektive bespitzelt. Zweitens ist es verstörend, dass sich der betreffende verdeckte Überwachungsmann, der einen Badge der CS hatte, das Leben...

Read More »

FX Weekly Preview: US Soars while Rivals are Hobbled

We are approaching the mid-point of the first quarter, and the coronavirus from China is the new key development for businesses and investors.  The economic impact appears to be still growing as the disruption to supply chains, production, and demand continues.  The re-opening of China from the extended Lunar New Year holiday brought some relief to the markets as officials ensured ample liquidity, leaned against short selling, and offered concessions to businesses...

Read More »