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Zurich Airport is reportedly looking into pre-boarding tests Keystone German airline Lufthansa will introduce rapid tests before certain flights to detect Covid-19 in passengers. If the trial, set to start in October, is successful, it will be expanded to Lufthansa subsidiaries Swiss International Air Lines (SWISS) and Edelweiss. The tests are being developed by the Basel-based pharmaceutical company Roche, according to reports in the NZZ am Sonntag and...

Swiss Franc The Euro has risen by 0.23% to 1.0822 EUR/CHF and USD/CHF, September 28 Source: markets.ft.com - Click to enlarge FX Rates Overview: Following the strong finish in the US before the weekend, global equities are paring last week’s slide. The MSCI Asia Pacific Index rose to for a second session. Markets in Japan, Taiwan, South Korea, and India rose by more than 1%. China and Australia were notable exceptions. Europe’s Dow Jones Stoxx 600 is gapped...

A worker stacks goods at a warehouse belonging to the pharmaceutical industry service provider Alloga in Burgdorf, canton Bern, on March 4, 2020. © Keystone / Christian Beutler Government economists say the impact of the pandemic in Switzerland is slightly less severe than previously feared. This is partly thanks to the mix of industries in Switzerland and the decision to rapidly lift coronavirus restrictions, according to the State Secretariat for Economic Affairs...

Persistent risk-off impulses weighed on EM last week and that may continue this week. The Asian currencies outperformed last week while MXN, ZAR, and COP underperformed, and we expect these divergences to continue. Despite optimism about a stimulus package in the US, we think it remains a long shot. Meanwhile, virus numbers are rising in Europe and the US, with data from both regions likely to continue weakening. AMERICAS Mexico reports August trade Monday. A...

Ontario’s ever-changing rent control policies prove that politicians are just as committed to flip-flopping as the Minnesota Vikings are to not winning the Super Bowl. Rent Control as a Means of Buying Votes Ontario's modern history of rent control legislation began during the 1975 election campaign, when it was actively promoted by the New Democratic Party (NDP). This was the stagflation era, and the NDP conveniently ignored Canadian monetary policy as a...

Additional data on money market operations and more frequent publication of volume of foreign exchange market interventions From 30 September 2020, the Swiss National Bank will be publishing more detailed data on its money and foreign exchange market operations on its data portal. Regarding money market operations, the SNB will now publish information on the conditions and volume of individual monetary policy-related transactions at the end of each month for the...

© Arturs Budkevics | Dreamstime.com As winter approaches the federal and cantonal governments of Switzerland are hoping a larger number of people than normal will get the seasonal flu jab as the spread of Covid-19 continues, according to RTS. In a regular year Switzerland orders 1.2 million doses of the seasonal flu vaccine. These doses have already been ordered and will be delivered in late September and early October. This year the federal government is aiming for...

When the Belle-Idée project is fully up and running, three shuttle buses will offer a 24-hour on-demand door-to-door service at the Geneva hospital site. swissinfo.ch Over the past five years, various kinds of autonomous vehicles, including buses, have popped up on Swiss roads. But though testing continues, a driverless future might yet be some years away. On a crisp autumn morning in the Geneva countryside, a bright orange-and-white electric bus is winding through...

A Fed survey of expectations shows that the consumer mood darkens on employment and job prospects. Job Transitions This chart shows the changes in employment status of respondents who were  employed four months ago. The Fed survey asks individuals currently employed (excluding self-employment) whether they are working in the same job as when they submitted their last survey. If in the past four months they have answered that they now work for a different employer,...

Anxiety about an increase in Covid19 cases and fears of a second wave coupled with revelations of historic money laundering practices of major global banks weighed heavily on financial markets yesterday. Precious metals were not immune to the sell off which saw gold below $1,900 and silver off a whopping 12% during intraday trading. The following charts show the short term support that halted the rout in precious metals by the end of the day. With the negative news...