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Pictet AM: Swiss franc undervalued Pictet AM: Swiss franc undervalued Pictet AM: Swiss franc undervalued
The Swiss franc further appreciated this week as investors flocked to the safe haven currency, amid rising trade tensions. But Patrick Zweifel, Chief Economist at Pictet Asset Management, argues that the Swissie is still undervalued relative to the euro. His comments come as SNB policy makers prepare to meet next week.
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CNNMoney Switzerland
BB Biotech’s building blocks
Pioneering spirit, know-how and growth are the basis for BB Biotech's success over the past 25 years and have made the investment trust one of the world's largest biotech investors. Learn more about the key factors of this success story.
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China expert explains cultural misunderstanding after economist’s comment
China Railway Construction Corporation excluded UBS from a bond deal after the bank’s global chief economist used the phrase “Chinese pig,” adding another chapter to an unexpected tiff between Switzerland’s largest bank and China. According to Ji Bo, chief representative for Europe at the Cheung Kong Graduate School of Business, cultural awareness is key.
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Framework deal turns Switzerland and the EU into David and Goliath
With the European Commission and Switzerland unlikely to sign off tomorrow on their long-awaited treaty, Stefan Legge, lecturer in economics at the University of St. Gallen, says it’s imperative that “David and Goliath” reach a deal. Entering a prolonged tit-for-tat game, he adds, could jeopardize existing good relations.
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Investors are moving to direct lending, but what’s the risk?
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Women’s strike: What’s the real message?
As women in Switzerland took to the streets on Friday to call for equality and respect, Isabelle Fellrath, a lawyer at SwissLegal, says much of the message had been diminished by the debate around whether it could even be called a strike or not. Legalities aside, Fellrath argues that “we are walking on eggshells” in addressing sensitive issues and the key message is that something substantial needs to be done.
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Could Swiss rates go even more negative? “Absolutely,” says the SNB
Banks may be asking the SNB to end its negative interest rate policy, which weighs on their profitability. But the central bank is nowhere close to that, according to the SNB’s Andréa Maechler. She also stresses that it is ready to intervene on the FX market if need be. She starts by explaining what SARON, the new reference rate, actually means for mortgages.
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SNB meets tomorrow with less room to maneuver
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Invesco: Non-transparent ETFs are ultimately a good thing
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Pictet AM: Swiss franc undervalued
The Swiss franc further appreciated this week as investors flocked to the safe haven currency, amid rising trade tensions. But Patrick Zweifel, Chief Economist at Pictet Asset Management, argues that the Swissie is still undervalued relative to the euro. His comments come as SNB policy makers prepare to meet next week.
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Hannah Wise
Trade war puts limitations on ECB control
The European Central Bank has announced plans to hold rates through at least the first half of 2020, citing ongoing uncertainties and growing protectionism. Samy Chaar, chief economist at Banque Lombard Odier & Cie, said the move reflects the limitations the ECB faces when the European economy is impacted by factors outside of its control, such as the trade war.
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