Tag Archives: newslettersent

© Hai Huy Ton That | Dreamstime.com - Click to enlarge UBS Group AG Chief Executive Officer Sergio Ermotti pledged to continue cost cuts after profit at the wealth-management business fell and the securities unit was hurt by a slump in equities trading. Pretax profit rose 11 percent to 877 million Swiss francs ($883 million) from 788 million francs a year earlier on lower expenses, the Zurich-based bank said in a...

Comment on Swiss Franc by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Swiss Franc and Euro  In both euro and Swiss Franc, the net short position expanded. Speculators are now net short the euro with 124K contracts and net short Swiss Franc by 18.7K contracts against the US Dollar. Register for an OANDA forex trading...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Six major central banks meeting over the next six sessions. Sweden’s Riksbank is the most likely ease policy of these central banks, but it is not particularly likely. Norway is decisively on hold, as fiscal policy does some of the heavy lifting....

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Canada maintains inflation target of the middle of a 1-3% band. Adopts a trimmed and median core measure like Australia. Market seems to be under-estimating the risk of a BoC rate cut next year. The Canadian government renewed the Bank of Canada’s...

Political resistance to the oligarchy’s financialization skimming operations will eventually cripple central bank giveaways to the financial sector and corporate oligarchs. That inflation and interest rates will remain near-zero for a generation is accepted as “obvious” by virtually the entire mainstream media. The reasons for this are equally “obvious”: central banks have the power to suppress interest rates...

Comment on GBP and CHF by Dayle Littlejohn My articles My siteAbout meMy booksFollow on: Swiss Franc EUR/CHF - Euro Swiss Franc, October 28(see more posts on EUR/CHF, ). - Click to enlarge Since the UK public decided to vote out of the European Union GBP/CHF exchange rates have dropped 22 cents. To put this into monetary value a 200,000 Swiss Franc purchase now costs an extra £26,000 and I believe...

© Dreamshot | Dreamstime.com - Click to enlarge Ireland is facing another tax battle with the European Union and this time it will have to fight its own corner. Less than two months after the European Union ordered Ireland to claw back a record 13 billion euros ($14.2 billion) from Apple Inc., saying the nation illegally allowed the iPhone maker to reduce its tax rate, the European Commission will propose legislation...

KOF Economic Barometer rose by 3.1 points (from revised 101.6 in September) to 104.7. It thus recovered from its recent summer trough of below the 100 points and stands as high as for the last time in January 2014. Accordingly, the outlook for the Swiss suggests above potential short-term growth rates. In October 2016, the KOF Economic Barometer, with a new reading of 104.7, pointed visibly above its long-term...

SMI A weak performance from Swiss pharma giants pulled the Swiss Market Index down again this week after investors dropped stocks in the sector on lackluster earnings reports. The peripheral European stocks and Japan managed to buck the trend this week, global stock markets remain under pressure in the run up to US election. SMI Index, October 29(see more posts on SMI Swiss Market Index, ) - Click to enlarge...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Many see Yellen and Fischer at odds over benefits of high pressure economy. However, this fails to put the comments in the proper context–same message different styles. They are arguing against the doves who don’t want to hike this year. Many observers are...