Tag Archives: Featured

According to Swiss broadcaster RTS, Swiss retailer Coop, along with five other members of AgeCore SA, a Geneva-based purchasing alliance, have decided to boycott a large number of Nestlé products in the hope of striking a better deal on price. Coop Haupsitz, Hochhaus, Aussenansicht © Coop - Click to enlarge Sales to AgeCore SA members, which include Coop in Switzerland, Intermarché in France, Edeka in Germany, Conad in...

Bank Bail-In Risk In Europe Seen In 5 Charts – Nearly €1 trillion in non-performing loans poses risks to European banks’– Greece has highest non-performing loans as a share of total credit – Italy has the biggest pile of bad debt in absolute terms– Bad debt in Italy is still “a major problem” which has to be addressed – ECB– Level of bad loans in Italy remains above that seen before the financial crisis – Deposits in...

Swiss Franc The Euro has fallen by 0.02% to 1.1544 CHF. EUR/CHF and USD/CHF, February 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The economic data stream is picking up, but there is an uneasy calm in the markets. It is almost as if the dramatic drop in stocks has left many with a sense of incompleteness, like waiting for another shoe to drop. The price action has...

Summary: S&P 500 stalled near 61.8% retracement of decline. Dow Jones Stoxx 600 stopped at 38.2% retracement. U.S. corporate earnings growth has been much more impressive than that of Europe. The different performance does not appear to be a function of FX rates. Today is an important day for equities. After a sharp sell-off earlier this month, stocks staged a recovery last week. The recovery has stalled...

- Click to enlarge In large gatherings of people, from airplanes to theater to conferences, we are often told to know the closest exit. The same is true for investing. No matter one’s confidence when they buy a security, someone is just as convinced on the other side who is selling the security. Well into this 4.5-minute interview (click here for the link) on Bloomberg’s “What’d You Miss” show, Lisa Abramowicz...

On 4 March 2018, voters in Vaud will vote on a plan to provide basic universal dental care funded by a tax on salaries. - Click to enlarge The initiative entitled: Reimbursement of dental care, Pour le remboursement des soins dentaires in French, claims that 10% of the population avoid the dentist because of the cost. They also claim links between poor dental health and cancer, diabetes and premature births. Their...

ICO's have been fuelled particularly by bitcoins (Keystone) - Click to enlarge The Swiss financial watchdog has published guidelines on digital currency fundraisers – known as initial coin offerings – under which it will regulate some ICOs, either under anti-money laundering laws or as securities. The Financial Market Supervisory Authority (FINMA) says the guidelines “also define the information FINMA...

US-China Trade War Escalates As Further Measures Are Taken – Trade war between two superpowers continues to escalate– White House likely to impose steep tariffs on aluminium and steel imports on ‘national security grounds’– US may impose global tariff of at least 24% on imports of steel and 7.7% on aluminium– China “will certainly take necessary measures to protect our legitimate rights.”– China is USA’s largest...

Swiss Franc The Euro has risen by 0.13% to 1.154 CHF. EUR/CHF and USD/CHF, February 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dollar is finding better traction today, building on the upside reversal seen before the weekend. The news stream has been light and it seems like primarily an issue of positioning rather than a change in sentiment or the consensus...

USD/CHF The USDCHF pair approached our waited target yesterday, represented by the bearish channel’s resistance that appears on the above chart, noticing that the price faces good resistance at the EMA50, which forms negative pressure that we expect to push the price to resume its main bearish track again. Therefore, the bearish bias will be suggested in the upcoming sessions, and the waited targets begin at 0.9254...