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Tag Archives: newsletter

FX Daily, November 03: Political Angst Drives Markets

Comment on GBP and CHF by Matt Vassallo My articles About meMy booksFollow on: Swiss Franc EUR/CHF - Euro Swiss Franc, November 03(see more posts on EUR/CHF, ). - Click to enlarge GBP/CHF rates are trading below 1.20 on the exchange, providing those clients holding CHF with some of the best rates they’ve seen in the past six years. The Pounds woes have been well documented but with a key day of economic...

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US Political Anxiety Stems Bond Sell-Off

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Bond yields have been rising in the US and Europe since the summer. There are some country-specific considerations and some generalized factors. Anxiety over US politics has helped bonds recover some lost ground. One of the most significant market...

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Argor-Heraeus: Another giant Swiss gold refinery goes on the Sales Lot

Submitted by Ronan Manly, BullionStar.com News has just emerged in the gold market that the giant Swiss precious metals refiner Argor-Heraeus has held discussions to be acquired, and that the likely outcome is an acquisition by a private equity group. This private equity group is believed to be London-based WRM CapInvest, part of Zurich headquartered WRM Capital. Other interested buyers are also believed to have...

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Consumer Sentiment Still Lukewarm

Bern, 03.11.2016 – The latest survey shows that there was hardly any change in consumer sentiment in Switzerland between July and October 2016*. The index currently stands at -13 points and has consistently come in at a value below its long-term average for over a year now. However, consumers believe that the outlook for the economy over the coming months is considerably better than in July. The assessment of price...

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Swiss real estate market UBS Swiss Real Estate Bubble Index 3Q 2016

The UBS Swiss Real Estate Bubble Index stayed in the risk zone in Q3 2016, unchanged at 1.35 index points. The buy-rent price ratio reached an all time high due to a further increase in the price of owner-occupied homes and lower rentals The moderate growth in mortgages and the slightly improved economy however prevented an increase in imbalances on the market for owner-occupied homes. UBS Swiss Real Estate Bubble...

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Der SNB-Milliardengewinn täuscht Stärke vor. Tatsächlich ist die SNB so schwach wie nie.

Voller Stolz präsentiert die SNB ihr Zwischenergebnis für die ersten 9 Monate dieses Jahres: 28.7 Milliarden Franken Gewinn. Und die Medien kolportieren diese Zahlen unbedarft. Die Devisenreserven der SNB seien erneut gestiegen wird da behauptet; und zwar allein in diesen neun Monaten um 73 Milliarden auf sage und schreibe 666 Milliarden Franken. Solche Schlagzeilen sind oberflächlich und lenken von der grossen Gefahr...

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FX Daily, November 02: Standpat FOMC Trumped by US Political Jitters

Comment on GBP and CHF by Jonathan Watson My articles My siteAbout meMy booksFollow on:TwitterLinkedIN Swiss Franc The Swiss Franc is a safe haven currency and benefits in time of uncertainty. With Donald Trump now looking much more likely to win the Election the Swissie has found favour. If you are buying the Franc with sterling in the future the combination of global uncertainty and a weak pound looks set...

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Recessions, Predictions and the Stock Market

  Only Sell Stocks in Recessions? We were recently made aware of an interview at Bloomberg, in which Tony Dwyer of Cannacord and Brian Wieser of Pivotal Research were quizzed on the recently announced utterly bizarre AT&T – Time Warner merger. We were actually quite surprised that AT&T wanted to buy the giant media turkey. Prior to the offer, TWX still traded 50% below the high it had reached 17 years ago. The...

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EC Pushes Back on (8) Draft Budgets

Long before the UK referendum, many argued that monetary union was undermining the European Union. Many had expected Greece to be forced out not once but twice. There is a cottage industry of books forecasting the demise of EMU. Johan Van Overtveldt, the former Finance Minister of Belgium, penned “End of the Euro” in 2011 and its captures the spirit of the genre. Jen Nordvig, a currency strategist, authored “The Fall...

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Great Graphic: Sentix Shows a Shift

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: The risk that the eurozone implodes over the next year has risen, but is still modest. Italy has surpassed Greece as the most likely candidate. The December referendum is the second part of Renzi’s political reforms. Sentix conducts investor surveys...

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