Euro area: Business activity expanding at its fastest pace in nearly 12 years
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Author: Nadia Gharbi
Categories: Pictet Macro Analysis, Swiss and European Macro
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The flash composite Purchasing Managers’ index for the euro area increased to 58.6 in January from 58.1 in December, above consensus expectations (57.9). The services sector index rose, offsetting the decline in the manufacturing index . Companies also expressed growing optimism about this year’s outlook, with business expectations up to an eight-month high.
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FX Daily, January 24: Dollar Takes Another Leg Lower
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Author: Marc Chandler
Categories: FX Trends
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North American session sold into the dollar's upticks and Asia followed suit, taking the greenback to new multi-year lows against the euro and sterling while pushing it below the JPY110 level for the first time since last September. US trade action has become latest element of the narrative the seeks to explain the dollar's slide and the decoupling of the greenback from interest rates.
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Great Graphic: Is Aussie Cracking?
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Author: Marc Chandler
Categories: FX Trends
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The Australian dollar bottomed in early December $0.7500 after having tested $0.8100 a couple of times in September. Since early December, however, the Australian dollar appreciated by nearly 6.5%. As it tested the $0.8000 area, the momentum faded.
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Switzerland ranked second-most ‘globalised’ nation
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Author: Swissinfo
Categories: Swiss Markets and News
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Switzerland is the second-most globalised country in the world after the Netherlands, according to the latest edition of an index prepared by the University of Zurich. The Alpine nation has moved up from fifth place. The index prepared by the KOF Swiss Economic Instituteexternal link tracks countries’ levels of globalisation across politics, economics, and society. The current edition uses data up to and including the year 2015.
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Tax amnesty programme turns up billions in undeclared assets
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Author: Swissinfo
Categories: Swiss Markets and News
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According to the results of a survey published Sunday in the NZZ am Sonntag newspaper, CHF31.7 billion ($32.9 billion) in undeclared assets have been reported to tax authorities in Switzerland over the last eight years.
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Cyber War Coming In 2018?
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Author: Jan Skoyles
Categories: GoldCore
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Cyber war is increasing threat – Investors are not prepared for. Third most likely global risk in 2018 is cyber war say WEF. “Scale and sophistication of attacks is going to grow”. EU, US, NATO lay down ground rules for offensive cyber war. Ireland is viable target for attackers but is ‘grossly unprepared for cyber war’. UK should expect attack that cripples infrastructure within 2 years.
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