Christian Wenger, co-founder of the Swiss Entrepreneurs Foundation, just launched a fund dedicated to supporting Swiss start-ups. It received CHF 100 million from Mobiliär and aims to raise an additional CHF 400 million in the coming months. Wenger hopes to convince pension funds to participate.
Nicolas Bürki, analyst and portfolio manager at Mirabaud Asset Management, still sees difficult market conditions ahead for Swiss banks. Looking at the earnings season in general, he’s seen positive surprises from companies in transformation mode.
The latest trade talks between the U.S. and China impacted world markets in different ways. We take a closer look at that as well as five key stories for next week. The SMI, meanwhile, was up 1.09 percent and finished at 9,242.12.
Despite the global slowdown, Samy Chaar, chief economist at Lombard Odier, does not see a recession in the U.S. In his view, the “open economies” like Switzerland are suffering more as trade flows have slowed down.
Oil prices are reaching higher valuations once more. For Carsten Menke, commodity analyst at Julius Baer, current prices at around USD 65 a barrel are “fair.” But if the economy slows down, prices could fall.
Nestlé has unveiled its first Starbucks coffee products after the USD 7.15 billion licensing deal that was struck between the two companies last August. David Rennie, head of the coffee strategic business unit at Nestlé, talks about the big strategic move by the Swiss food giant.
Costa Vayenas, senior investment consultant at Wellershoff & Partners, explains why some luxury groups are more successful than others in China. The slowdown of the world’s second largest economy does not mean that high-end brands cannot grow, says Vayenas, as long as they have the right product mix.
Despite the fall in the price of bitcoin, Jan Brzezek, CEO and co-founder of Crypto Finance, argues that cryptocurrencies are still promising. Brzezek also explains the recent restructuring within his company.
Rudolf Minsch, chief economist at economiesuisse, explains what the trade agreement signed between the United Kingdom and Switzerland will mean for Swiss companies once the UK leaves the European Union. Minsch also warns about the cost to the Swiss economy if no institutional deal is reached with the EU.