Tag Archives: Featured

from the official release Gross domestic product in the 3rd quarter of 2016 Bern, 02.12.2016 – Switzerland’s real gross domestic product (GDP) has remained almost unchanged in the 3rd quarter of 2016 (+0.0%). Consumption has contributed very little to growth. Investment in construction and equipment has supported GDP growth, while the trade balance in goods and services had a negative effect. On the production side,...

Marc Chandler - Click to enlarge I was on Bloomberg Television with Joe Wisenthal this afternoon. I explain what I have been suggesting for the past couple of weeks, namely that the Austrian presidential election this weekend is the third point in the populist-nationalist wave, not Italy. The changes in the Senate are opposed by a broad array of forces in Italy, including many very pro-European elements, like former...

Marc Chandler - Click to enlarge I was on Bloomberg Television with Joe Wisenthal this afternoon. I explain what I have been suggesting for the past couple of weeks, namely that the Austrian presidential election this weekend is the third point in the populist-nationalist wave, not Italy. The changes in the Senate are opposed by a broad array of forces in Italy, including many very pro-European elements, like former...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 01(see more posts on EUR/CHF, ). - Click to enlarge Sterling has made steady gains against the CHF over the past month, in line with improvements made against other major currencies. The Pound has benefited from a strong run of economic data and more positive market sentiment. Whilst the UK economy remains fragile in the eyes of investors, there is no doubt...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 01(see more posts on EUR/CHF, ). - Click to enlarge Sterling has made steady gains against the CHF over the past month, in line with improvements made against other major currencies. The Pound has benefited from a strong run of economic data and more positive market sentiment. Whilst the UK economy remains fragile in the eyes of investors, there is no doubt...

Perhaps the masses have (finally!) reached the point where the pain of maintaining the status quo now exceeds that of breaking it. A remarkably diverse array of “explanations” of Donald Trump’s presidential election victory have been aired, representing both the conventional political spectrum and well beyond. Let’s start with the conventional mainstream media “explanations”: #1: Trump was elected by intolerant...

Summary: UK could pay for single market access. UK’s position still seems fluid. The Supreme Court will hear the government’s appeal next week. Sterling has been lifted to its best since October 6 on the back of comments by UK’s Brexit Minister Davis.  In answer to questions in Parliament, Davis acknowledged that access to the EU single market might be secured by the UK paying for it. He talked about making a...

The Used Goods Question Retail sales in several countries like Germany, Italy, Japan and Switzerland continue to fall. In the United States they have strongly risen recently. We should remind readers, that used goods sold via Ebay or similar, are not contained in this statistics. Still they create economic value for the purchases. By mentality, Swiss, Germans or Japanese pay more attention so that used goods do not...

Summary: Italy’s referendum defeat is not simply a victory for populist-nationalist forces. Freedom Party victory in Austria is a victory for said forces. Even if Hofer wins, there are sufficient checks that make it difficult to hold EU or EMU referendum. The ADP private sector employment estimate will steal some thunder from the official estimate on Friday. Although the two times do not line up tightly in the...

The Swiss consumption indicator by UBS shows improvements. The indicator is still distant from the highs in 2012. At the time stronger growth in Emerging Markets and the weaker franc helped the Swiss economy. In October, the UBS consumption indicator rose from 1.47 to 1.49 points. Positive developments in the automobile market and robust domestic tourism continue to support private consumption. However, the slump...