Tag Archives: Featured

China cut tariffs on $75 bln of US imports by half, while the US said it could reciprocate in some way The dollar continues to climb; during the North American session, only minor data will be reported; Brazil cut rates 25 bp Germany reported very weak December factory orders; all is not well in the German state of Thuringia Czech expected to keep rates steady; Philippines cut 25 bp; India remained on hold Australia reported December trade and retail sales The dollar...

Proponents of intellectual property rights often rely on one of two lines of reasoning. The first is based on the misunderstanding that the frequency or volume of innovations determine economic growth. The second is captured by the question, “So if I spend $1 billion on R&D (research and development) to bring a new drug to market, anyone should be able to copy my drug without compensation?” Both are based on the same fundamental error: assuming that innovation is...

Swiss Franc The Euro has risen by 0.07% to 1.071 EUR/CHF and USD/CHF, February 6(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The bullish enthusiasm that carried the S&P 500 to new closing highs yesterday is helping Asia Pacific and European shares today. The MSCI Asia Pacific Index rose for the third session with Tokyo, Hong Kong, and Korea jumping two percent. Europe’s Dow Jones Stoxx 600 gapped to new...

Relations between Thiam and Rohner appear to have been deteriorating. (Keystone / Walter Bieri) Credit Suisse’s top shareholders have thrown their support behind chief executive Tidjane Thiam and called on chairman Urs Rohner to quit, in a high-stakes power struggle at the Swiss bank following a spy scandal last year. Relations between Mr Rohner and Mr Thiam have been increasingly strained since revelations that Credit Suisse hired a corporate espionage company to...

USD/CHF registers four-day winning streak, nears one-week high. A falling trend line since December 25, seven-week-old horizontal resistance limits the immediate upside. Overbought RSI conditions increase the odds of a pullback. USD/CHF remains mildly positive while gaining 0.07% to 0.9745 amid the pre-Europe session on Thursday. Overbought RSI conditions, coupled with multiple key resistance lines, question the pair’s further upside. As a result, sellers will look...

USD/CHF gains positive traction for the third consecutive session on Wednesday. Optimism over coronavirus treatment triggered a fresh wave of global risk-on trade. The USD benefitted from surging US bond yields and remained support ahead of data. The USD/CHF pair surged through the 0.9700 round-figure mark and climbed to near one-week tops in the last hour, albeit retreated few pips thereafter. The pair gained some follow-through traction for the third consecutive...

In Switzerland, 133,000 employed persons are affected by poverty, both in terms of income and deprivation. (© Keystone / Georgios Kefalas) About a third of the food produced for Swiss consumption went to waste last year, according to the food bank foundation Schweizer Tafe/Table Suisse. That is the equivalent of 2.6 million tonnes of food. Five percent of the losses occurred in the retail trade. The foundation collected 3,820 tonnes of food that was not for sale but...

In a bit of holiday news no one will care about, the Treasury announced it would return to selling twenty-year treasury bonds to aid in funding the nation’s trillion-dollar deficit. It was 1986 when the Treasury last issued twenty-year paper. Of course the question is: who or what will be the buyers? Daniel R. Amerman, CFA, is keeping a steady eye on the Treasury and Fed’s operations and has come to the conclusion, In just the last four months, the U.S. government...

Swiss Franc The Euro has risen by 0.13% to 1.0716 EUR/CHF and USD/CHF, February 5(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 gapped higher and surged 1.5% yesterday, the most since in six months, helping set the stage for a continued recovery in global equities, and stoked risk appetites more broadly. An experimental antiviral treatment is to begin clinical testing. All of the markets in the...

The Titlis mountain is a key destination for Chinese tourists in Switzerland. The tourism industry in central Switzerland could benefit from increased efforts to focus on individual holidaymakers from China, according to a study. A report by the Lucerne University of Applied Sciences and Artsexternal link found that guests from China travelling individually in Europe take a special interest in culinary events and that they are likely to receive information about new...