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Tag Archives: Swiss franc reacts to ECB action

Franc surge temporary after ECB sends mixed signals

Investec Switzerland. The SMI is set to finish flat this week (-0.12%), outperforming global equity market (MSCI World -0.68% ) with European stocks losing value after the long awaited ECB policy meeting. Stock markets around the world were mixed with risk appetite increasing ahead of Thursday’s European Central Bank (ECB) policy meeting and falling thereafter. The ECB lowered all its main interest rates and expanded its quantitative-easing purchase plan quantity (by €20...

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