Swiss markets fluctuate on earnings data

Summary:
Investec Switzerland SMI last Week The Swiss Market Index is set to finish the week slightly higher as investors digest second quarter earnings reports and central bank policy announcements. Click to enlarge. Bonds Global financial markets showed resilience this week following the failed coup attempt in Turkey over the weekend.  Second quarter earnings proved to be the main drive of sentiment with shares from Europe to the US fluctuating as investors watched earnings releases closely for evidence of stronger economic growth. Click to enlarge.  Government bond yields rose this week after the European Central Bank kept policy changes on hold despite signaling that fresh stimulus was likely in the coming months if the economic environment continues to deteriorate.  The Bank of Japan and US Federal Reserve are due to release policy statements next week. Click to enlarge. Switzerland Credit Suisse In Switzerland the Credit Suisse ZEW indicator, which gauges financial analysts’ expectations for the domestic economy for the next six months, fell 13.5 points in July suggesting that financial experts no longer expect a speedy improvement for the Swiss economy. Analyst’s blamed the pro-Brexit vote in the UK for the negative outlook for the entire European region. Click to enlarge.

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