Tag Archives: Investec Switzerland

Investec Switzerland. The Swiss Market Index, along with other European markets, is trading slightly higher this week after financials rallied on merger and acquisition rumors and hopes for improved growth. European banks, the industry group battered the most so far this year, lead gains after it emerged that Deutsche Bank AG and Commerzbank AG executives held talks about a potential merger in early August this year. Bank rally – © Valeriia Arnaud | Dreamstime.com US...

Investec Switzerland. The Swiss Market Index along with global stocks are trading flat this week ahead of Federal Reserve’s Janet Yellen’s Friday speech at the central bank’s annual Jackson Hole Summit. All eyes on Jackson Hole – © Dan Bannister | Dreamstime.com The Federal Chairwoman’s speech at the meeting of central bank governors in Wyoming is expected to provide clues about when to expect the next rise in US interest rates. While it is unlikely that Janet Yellen will...

Investec Switzerland. Global stock markets are set to close largely unchanged this week. The Swiss Market Index (SMI) underperformed after data showed that Switzerland’s economy barely grew in the first quarter of this year. © Michael Flippo | Dreamstime.com Sentiment swung between optimism and pessimism on mixed economic data while investors awaited announcements from the European Central Bank (ECB) and the OPEC meetings.  Global stocks came under pressure mid-week...

Investec Switzerland. Stock markets around the world are set to close higher this week after investors interpreted a rise in oil prices as a positive sign for the global economy. The Swiss Market Index (SMI) outperformed global markets amid a strong performance from financials and pharmaceuticals. © Ssuaphoto | Dreamstime.com Sentiment was bolstered this week as oil prices moved above the level of 50 US dollar per barrel on signs that a two-year supply glut may be coming...

Investec Switzerland. Swiss stocks are set for a modestly positive end to the week despite stock markets coming under pressure on growing speculation that the US Federal Reserve could raise rates as early as next month. © Kenneth Graff | Dreamstime.com Stocks markets were volatile this week after the latest meeting minutes from the US Federal Reserve showed that most policymakers thought a June interest rate hike was appropriate given the continued improvement of the US...

Investec Switzerland. Glencore Plc shareholders showing up for the miner’s annual meeting on Thursday can take comfort in the stock’s best ever start to a year. Less so the loss of about half the company’s value since they met 12 months ago and more than 70 percent since a $10 billion initial public offering in 2011. Such wild share swings highlight both the opportunities from billionaire Chief Executive Officer Ivan Glasenberg’s plans to cut net debt by as much as $9...

Investec Switzerland. Julius Baer Group Ltd. said net new money from clients amounted to less than 3 percent of managed assets in the first four months of the year, missing its target. Source: Julius Baer Clients in eastern Europe and Latin American showed “slow momentum,” while customers in Asia reduced borrowings and wealthy French and Italians repatriated money for tax declarations, the Zurich-based company said in a statement on Thursday. Julius Baer said it can still...

Investec Switzerland. Swiss stocks are set to close higher this week, outperforming global equities on positive earnings releases and brighter inflation signals. Stock markets around experienced a mixed week as investors weighed Federal Reserve rate hike expectations against gloomy economic data out of the US  with more positive indicators out of China. © Jakub Krechowicz | Dreamstime.com Last Fridays US employment report showed that firms took on the fewest workers in...

Investec Switzerland. Swiss equities are expected to finish lower this week, underperforming global stocks after the Federal Reserve and the bank of Japan held off on policy changes, mirroring last weeks “wait and see” stance of the European Central Bank. © G0d4ather | Dreamstime.com U.S. central bankers skipped an interest-rate hike on Wednesday for the third straight meeting since kicking off its tightening cycle last year. According to the Banks statement, the Fed...

Investec Switzerland. The SMI continued its struggling upward trend this week and is expected to finish slightly higher on Friday, in-line with global equity markets. Stocks held on to early gains despite concerns that the European Central Bank (ECB) and People’s Bank of China may roll back stimulus measures as the global recovery continues. © Photomall | Dreamstime.com The increase in oil prices, signs of a stabilizing economy in China and brighter corporate earnings...