With the Swiss parliament set to elect two new federal councillors, Markus Will, senior economist at the University of St. Gallen, discusses what Johann Schneider-Ammann’s successor as economy minister will have to deal with first: the relationship with the EU, the blockchain industry, or China.
More and more companies are saying goodbye to public shareholders, activist investors, and regulators. For investment expert Christina Böck, this is a challenge for institutional investors in Switzerland.
World markets were weighed down on Friday following a batch of disappointing data from China, including the lowest retail growth since 2003. These consumer spending concerns were also felt in Switzerland, where the SMI fell 1.15 percent to 8,713.68.
This Thursday, global markets were mixed on concerns over the U.S.-China trade war and the future of Brexit. Meanwhile, the SMI closed down 0.52 percent at 8,814.7. Tonight’s Markets Summary takes a closer look at the latest decisions by the ECB and SNB.
Brexit is a headache, but the latest developments have also strengthened the Swiss franc against the dollar and the pound. Swiss National Bank Chairman Thomas Jordan explains what the best Brexit outcome would be for the Swiss currency.
Jerome Jean Haegeli, chief economist at Swiss Re, explains why global warming poses a systemic risk and why meetings like the COP24 are important. Haegeli also takes a look at interest rates and argues that the U.S. Fed dictates the monetary policy of many other central banks, including Switzerland’s.
Is a Japanese firm ready to snap up ABB’s power grids division? Today the Swiss-based engineering company confirmed it is in talks with Hitachi, sending ABB’s share price surging over 4 percent. In Switzerland, the SMI finished the day up 1.68% at 8861.14 points.
The European Commission decided to offer Switzerland six more months to agree on a new treaty and grant stock market equivalence. According to Norman Villamin, CIO of UBP, this could be a promising sign for further negotiations.
This Tuesday, global markets recovered on hopes of progress in U.S.-China trade relations. Meanwhile, the SMI finished up 1.92 percent to 8,715.08. Tonight’s Markets Summary looks at the latest volatility and a closing gap in treasury bonds.
It’s the start of a new week but world stocks didn’t turn a fresh page, with worries about Brexit and slowing economic growth still hanging in the air. Meanwhile, the SMI finished the day down 2.17 percent to 8,551.02.