Tag Archives: newslettersent

In a report published today entitled: rents losing altitude, UBS says asking rents for apartments will probably drop by up to 10% over the next three years. © Rosshelen | Dreamstime.com - Click to enlarge Competition in the rental market is getting even fiercer. By mid-2017, 2.4% of all rental apartments were vacant. This level was last exceeded in 1998, when 2.8% of rental apartments stood empty, says the bank. Higher...

When Federal Reserve officials first started last year to mention wireless network data plans as a possible explanation for a fifth year of “transitory” factors holding back consumer price inflation, it seemed a bit transparent. One of the reasons for immediately doubting their sincerity was the history of that particular piece of the CPI (or PCE Deflator). To begin with, the unlimited data plan wars that kicked off...

Industrial Production in the US was up 3.6% year-over-year in December 2017. That’s the best for American industry since November 2014 when annual IP growth was 3.7%. That’s ultimately the problem, though, given all that has happened this year. In other words, despite a clear boost the past few months from storm effects, as well as huge contributions from the mining (crude oil) sector, American production at its best...

According to the Chinese State Administration of Foreign Exchange (SAFE), China’s FX reserves amounted to USD3.14 trillion at end – December 2017, up USD20.7 billion from the previous month. This marks the 11th consecutive monthly increase in Chinese FX reserves since February 2017. In full – year 2017, Chinese FX reserves increased by USD129.4 billion, in contrast with a drop of USD512.7 billion in 2015 and USD320...

Swiss Franc The Euro has fallen by 0.20% to 1.174 CHF. EUR/CHF and USD/CHF, January 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar rallied in the North American afternoon yesterday and the timing coincided with the release of the Fed’s Beige Book that saw several districts report wage and price pressures. The US 10-year yield moved toward toward 2.60%,...

The US Treasury market was consolidating yesterday’s 7.5 basis point jump in 10-year yields when Bloomberg’s headline hit. The claim was that Chinese officials are “wary of Treasuries”. Yields rose quickly to test 2.60% and the dollar moved lower. It is difficult to determine the significance of the claim as the Bloomberg story does not quote anyone. The “people familiar with the matter” who are cited are not...

Stans, Nidwalden. The canton offers the lowest corporation tax (10.1%) in Switzerland, and takes second place in the global ranking. (Keystone) - Click to enlarge Switzerland remains an attractive tax destination for both companies and top earners in 2017, according to a survey of major global business locations published on Wednesday. But it warned planned US tax reform will increase competition. The BAK...

‘Digital Gold’ Bitcoin Flight To Safe Haven Physical Gold – Latest bitcoin, crypto crash causes gold coin and bar demand to surge– Bitcoin down 40% from high, Ripple down 50% and Ethereum down 30%– Ripple and ‘Digital gold’ Bitcoin fall past key psychological price levels– $300bn wiped from cryptocurrency fortunes in just 36 hours– New research says that there is ‘Price Manipulation in the Bitcoin Ecosystem’– Savvy...

La révolution numérique est une réalité qui envahit tous les jours plus les sphères publiques et privées…. Qu’en est-il du commerce de détails? Les visuels ci-dessous nous montrent d’abord que certaines habitudes d’achats dans les commerces traditionnels sont maintenues. C’est d’autant plus vrai que cette présentation, que nous offre Bloomberg, n’inclut pas les achats de voitures et de nourriture. Il est donc probable...

Swiss Franc The Euro has risen by 0.19% to 1.1783 CHF. EUR/CHF and USD/CHF, January 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After extending its recent slide yesterday, which the US markets were on holiday, the dollar is firmer against all the major currencies and most of the emerging market currencies.  There does not seem to be macroeconomic developments...