SNB & CHF

02.08.2019 – The consumer price index (CPI) fell by 0.5% in July 2019 compared with the previous month, reaching 102.1 points (December 2015 = 100). Inflation was 0.3% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).The decrease of 0.5% compared with the previous month can be explained by several factors including falling prices for clothing and footwear...

For years, European banks were leery of passing on the ECB’s negative -0.40% deposit rate to their clients for fears of deposit flight and other unintended consequences, in the process being forced to “eat” the difference and impacting their interest income. However, after five years of NIRP, and with the ECB set to unleash even more negative rates in the immediate future, one bank has finally taken a stand: according...

Congolese diaspora protesting against Glencore last summer. Glencore has taken a $350 million hit because of falling cobalt prices as the problems facing its African copper business continue to pile up. The Switzerland-based miner and commodity trader has been grappling with a string of issues in the Democratic Republic of Congo, where it operates two copper mines, and in Zambia, where it owns another asset. Dozens of...

Channel Not Monetized If you have any issue about their copyright, please contact me by email: [email protected] . Thank you ! Thank

Channel Not Monetized If you have any issue about their copyright, please contact me by email: [email protected] . Thank you ! Thank

Swiss Franc The Euro has fallen by 0.15% to 1.0989 EUR/CHF and USD/CHF, August 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Federal Reserve delivered the first rate cut since the Great Financial Crisis but couched it in terms of a mid-course correction rather than the start of a larger easing cycle. By doing so, Fed chief Powell cast the cut in less...

Slowing economic momentum in the euro area means that we are lowering our GDP forecasts for this year. The euro area economy grew by 0.2% q-o-q in Q2, down from 0.4% in Q1. While 0.2% is still a decent pace of growth, concerns about the economy in the second half of the year have increased. Recent data have shown that the industrial slump has started to leave some marks on the domestic economy. Tentative signs of...

SBTV spoke with Charles Hugh Smith, author and the editor of the Of Two Minds blog, about the startling parallels (e.g. debasing of currency, lack of strong leadership, move towards populism, etc.) between the decline of the Roman Empire and America. Follow Charles Hugh Smith's on his blog: https://www.oftwominds.com/blog.html Discussed in this interview: 07:33 Central banks created financialization as the foundation of wealth now 10:25 Comparing the decline of the Roman Empire and...

The ground breaking ceremony of Nestlé’s fourth production plant in Indonesia in 2013. The Swiss food giant has announced plans to invest CHF99 million (around $100 million) to expand three factories in Indonesia. The goal is to increase Nestlé’s production capacity in the country by 25%, according to a company announcement on Wednesday. The recipients of the funds will be three production plants in Karawang (West...

SBTV spoke with Charles Hugh Smith, author and the editor of the Of Two Minds blog, about the startling parallels (e.g. debasing of currency, lack of strong leadership, move towards populism, etc.) between the decline of the Roman Empire and America. Follow Charles Hugh Smith's on his blog: https://www.oftwominds.com/blog.html Discussed in this interview: 07:33 Central banks created financialization as the foundation of wealth now 10:25 Comparing the decline of the Roman Empire and...