Monday , November 25 2024
Home / Tag Archives: Featured (page 1068)

Tag Archives: Featured

Parliament snubs Swiss expat calls for better banking ties

Portmann did not spare the foreign policy committee with his criticism about the motion about improving information for Swiss expats about banking services. (Keystone) The Swiss Abroad community has suffered a new setback in its efforts to receive improved access to banking services in Switzerland. The House of Representatives on Tuesday threw out a call on the government to ease the financial woes of expatriates by...

Read More »

Greenback Corrects Lower

The consensus narrative is that with rising inflation it is understandable that next week’s meeting is live and that the confirmation of such has lifted the euro to ten-day highs, dragging the dollar broadly. However, to accept this is to accept the debasement of language. Until now, we dubbed central bank meeting that could result in action as “live.” For example, given that the Fed has not changed interest rates since...

Read More »

US Trade Settles Down Again

US trade is further leveling off after several months of artificial intrusions. On the import side, in particular, first was a very large and obvious boost following last year’s big hurricanes along the Gulf Coast. Starting in September 2017, for four months the value of imported goods jumped by an enormous 8.3% (revised, seasonally-adjusted). Most of the bump related to consumer and capital goods. Since December,...

Read More »

Switzerland Unemployment in May 2018: Down to 2.4percent from 2.5percent, seasonally adjusted unchanged at 2.6percent

Unemployment Rate (not seasonally adjusted) Registered Unemployment in May 2018 – According to the State Secretariat for Economic Affairs (SECO) surveys, at the end of May 2018, 109’392 unemployed people were enrolled in the Regional Employment Centers (RAV), 10’389 fewer than in the previous month. The unemployment rate fell from 2.7% in April 2018 to 2.4% in the month under review. Compared to the same month of the...

Read More »

PostFinance Еxpected to Axe 500 Jobs

PostFinance, the bank of the Swiss postal service, has a public service mandate to provide banking services to all residents. (Keystone) PostFinanceexternallink, one of Switzerland’s leading financial institutions, expects to cut up to 500 full-time jobs by the end of 2020. The banking division of the Post Office has launched multiple measures to counter the erosion of profit margins and the resulting decline in...

Read More »

Does Anyone Else See a Giant Bear Flag in the S&P 500?

We all know the game is rigged, but strange things occasionally upset the “easy money bet.” “Reality” is in the eye of the beholder, especially when it comes to technical analysis and economic tea leaves. It seems most stock market soothsayers are seeing a breakout of the downtrend that erupted in early February, and so the path to new all-time highs is clear. Does anyone else see a giant bear flag pattern in the...

Read More »

Swiss Consumer Price Index in May 2018: +1.0 percent YoY, +0.4 percent MoM

Neuchâtel, 6 June 2018 (FSO) – The consumer price index CPI) increased by 0.4% in May 2018 compared with the previous month, reaching 102.1 points (December 2015=100). Inflation was 1.0% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). The 0.4% increase compared with the previous month can be explained by several factors including rising prices for...

Read More »

No relief for Swiss renters

Every three months the rate of interest used to set Swiss rents is reviewed. If it goes down some renters have the right to request a decrease in rent. This time it remained at 1.50%. The last time it dropped was 1 June 2017 when it fell to its lowest level since 2008. The rate is based on the average Swiss mortgage rate over three months. This rate is then rounded to the nearest 0.25%. This time that rate was 1.51%,...

Read More »

Weekly Technical Analysis: 04/06/2018 – USD/CHF, EUR/JPY, GBP/USD, AUD/USD, WTI

USD/CHF The USDCHF pair managed to break 0.9850 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming period, paving the way to head towards 0.9723 level as a next station, noting that the EMA50 supports the expected decline, which will remain valid for today conditioned by the price stability below 0.9870. Expected trading range for today...

Read More »

Bi-Weekly Economic Review: As Good As It Gets?

In the last update I wondered if growth expectations – and growth – were breaking out to the upside. 10 year Treasury yields were well over the 3% threshold that seemed so ominous and TIPS yields were nearing 1%, a level not seen since early 2011. It looked like we might finally move to a new higher level of growth. Or maybe not. 10 year yields fell nearly 40 basis points in a matter of days as did TIPS yields. The...

Read More »