Tag Archives: newslettersent

Swiss Franc The euro is up by 0.56% to 1.1152 CHF EUR/CHF and USD/CHF, July 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates By definition, the Federal Reserve Open Market Committee meeting is the highlight of the day. Without a press conference, and following last month’s rate hike, there is practically no chance of a new policy initiative either on the balance sheet...

A Migros truck to be loaded at a distribution center in Dierikon (Keystone) Employee work hours, more storm damage in Switzerland and electricity companies’ fears of cyber attacks are among the main headlines in the Sunday papers. Not all younger employees in Switzerland prefer the freedom of more flexible work hours as companies try to adapt quickly to an increasingly digital world, reports the Swiss newspaper...

Part of “reflation” was always going to be banks making more money in money. These days that is called FICC – Fixed Income, Currency, Commodities. There’s a bunch of activities included in that mix, but it’s mostly derivative trading books forming the backbone of math-as-money money. The better the revenue conditions in FICC, the more likely banks are going to want to do more of it, perhaps to the point of reversing...

Swiss Franc EUR/CHF and USD/CHF, July 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The global capital markets are subdued today; a dearth of fresh news and tomorrow’s FOMC meeting are making for light activity and limited price movement. The US dollar is little changed against most of the major currencies. The net change on the day through most of the European...

An employee packages cigarettes in Switzerland (Keystone) In Switzerland, 21% of the adult population on average are daily smokers, according to a report from the World Health Organisation. That is firmly in line with average rates of current smoking among adults globally, which have declined to 21% in 2015 down from 24% in 2007. But among high-income countries like Switzerland, there’s a striking gender difference: the...

Commercial Property Market Is Inflated and May Burst Again Dublin property investors had better hope that Brexit happens soon. They should also hope that it’s not just a ‘hard’ Brexit, but a granite Brexit — a Brexit that’s as hard as possible. They should be betting on the buffoonery of Boris Johnson, down on both knees praying for a massive barney between Davis and Barnier. A granite Brexit might prompt the migration...

Any nation-state that meets these four requirements is fully exposed to a global loss of faith in its economy, debt, balance of payments and currency. There’s an entire sub-industry in journalism devoted to the idea that China is poised to replace the U.S. as the “global empire” / hegemon. This notion of global empire being something like a baton that gets passed from nation-state to nation-state is seriously...

The Looming Last Gasp of Indoctrination? The inevitable collapse of the student loan “market” and with it the take-down of many higher educational institutions will be one of the happiest and much needed events to look forward to in the coming months/years.  Whether the student loan bubble bursts on its own or implodes due to a general economic collapse, does not matter as long as higher education is dealt a death...

Swiss Franc The Euro has fallen by 0.17% to 1.1009 CHF. EUR/CHF and USD/CHF, July 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The euro made a marginal new high in early Asia, but participants rightly drew cautious ahead of the flash eurozone PMI. The flash PMI was softer than expected, and although the composite fell to six monthly lows, it is more a...

The information behind Italy’s request came from an earlier probe into Credit Suisse (Keystone) Italian financial crime investigators have asked the Swiss authorities for help in tracking down the beneficial owners of €6.7 billion (CHF7.4 billion) held in Switzerland. The information came to light during an investigation by the Milan authorities into the activities of Credit Suisse. In a statementexternal link issued on...