Investec Switzerland. According to European Central Bank President Mario Draghi “uncertainty prevails everywhere” but apparently investors don’t mind. Market participants shrugged off last weekends “no” to constitutional reform in Italy and the subsequent resignation of Prime Minister Matteo Renzi to push European indices to 12 month highs this week. © Patrick Poendl | Dreamstime.com The Swiss Market Index followed European markets higher. The German DAX and France’s CAC...
Read More »Swiss market lower this week as US stocks reach new record highs
SMI The Swiss Market Index is set to close lower this week underperforming global equities as US stocks reached new record highs and emerging markets outperformed on a weaker dollar. Click to enlarge. Oil also made further gains this week as investors bet that talks between OPEC members and other producers may result in action to stabilise the market in the coming weeks. Click to enlarge. Japan The week began with...
Read More »Swiss market lower this week as US stocks reach new record highs
Investec Switzerland. The Swiss Market Index is set to close lower this week underperforming global equities as US stocks reached new record highs and emerging markets outperformed on a weaker dollar. © Aleksandar Milosevic | Dreamstime.com The week began with some gloomy economic data after reports showed on Monday that Japan’s second quarter GDP growth slowed more than forecast to 0.2%, reflecting a drag on exports from a stronger JPY and a drop in business investment....
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