Switzerland Q4 GDP: +0.6 percent QoQ
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Author: Swiss Statistics
Categories: Swiss and European Macro
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Switzerland’s real gross domestic product (GDP) grew by an above-average 0.6% in the 4th quarter of 2017.1 Growth was broad-based across the various business sectors, with manufacturing, construction and most service sectors, particularly financial services, providing momentum. On the expenditure side, growth was underpinned by consumption and investment in construction but was hindered by investment in equipment and foreign trade.
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Swiss Retail Sales, January: -0.8 Percent Nominal and -0.6 Percent Real
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Author: Swiss Statistics
Categories: Swiss and European Macro
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Turnover in the retail sector fell by 0.8% in nominal terms in January 2018 compared with the previous year. Seasonally adjusted, nominal turnover fell by 0.6% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).
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FX Daily, March 01: USD Snaps 3-Month Slide, Firm Ahead of Powell Part II
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Author: Marc Chandler
Categories: FX Trends
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The US dollar rebounded last September and October before the downtrend resumed in November, and lasted through January. The dollar gained broadly last month, except against the yen, which rose almost 2.4% in February. This pattern is evident today, the first trading day of March. The dollar is extending its gains against most currencies but is only managing to consolidate in a narrow range against the yen.
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Bi-Weekly Economic Review: One Down, Three To Go
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Author: Joseph Y. Calhoun
Categories: The United States
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We pay particular attention to broad based indicators of growth. The Chicago Fed National Activity Index and the Conference Board’s Leading Economic Indicators are examples. We watch them because we are mostly interested in identifying inflection points in the broad economy and aren’t as interested in the details. Why? Because, while bear markets do happen outside of recession, it is rare and unpredictable.
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Swiss rail cargo to cut over 750 jobs in the hunt for efficiency
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Author: Swissinfo
Categories: Swiss Markets and News
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The cargo division on the Swiss Federal Railways has announced plans to cut 760 jobs in the coming years. The company currently employs around 2,300 staff in Switzerland. Company boss Nicolas Perrin revealed the job cut measures on Saturday in the weekly Schweiz am Wochenende. According to him, the administrative section of the firm is still too big despite already planning a reduction of 80 posts.
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Digital Gold Provide the Benefits Of Physical Gold?
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Author: Jan Skoyles
Categories: GoldCore
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Will digital gold provide the benefits of physical gold? Digital gold and crypto gold products claim to combine efficiencies of blockchain with value of gold. They are yet to provide the same benefits or safety as owning physical gold. National mints jumping in on the ‘sexy blockchain’ act. BOE declares bitcoin ‘not a currency;’ Royal Mint launches blockchain gold product.
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