Category Archive: Newsfeed

Nokia investment provides SNB 10 million profit

Recently we reported on SNB losses of 1.85 bil. CHF in just one day and on our estimate of 5 bil. CHF loss in Q4/2012. But now good news:  the SNB made a profit of 10 million on Nokia - i.e. 0.2% of the Q4 loss reversed. More on

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Former SECO Chief Economist: Switzerland Must Exit Peg in 2-3 Years

Aymo Brunetti, the former chief economist of the SECO, the Swiss national bureau of economy, says that Switzerland must exit the peg against the euro in two or three years time. This is in line with our analysis of upwards and downwards drivers of Swiss inflation. We judged that in 2 or 3 years time, upwards drivers will...

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Credit Suisse and UBS Will Charge Negative Interests Above a Threshold

Credit Suisse and UBS will charge negative interests for cash clearing clients above a threshold. Last year such was worth 150 bps, this year on 28 bps.  See the official news at FT Alphaville

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Swiss GDP rises by 0.6% in Q3 2012

According to the official SECO data, Swiss GDP rises by 0.6% in the third quarter 2012.  

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SNB Sight Deposits Week November 23

Total sight deposits at the SNB rose by nearly 1 billion to 374 bn francs in the week ending on November 23th. “Other sight deposits”, the ones of foreign banks and Swiss companies, fell by one billion francs, but the ones of local institutes increased  by nearly 2 billion francs. See full detail on our explanation, historical and our expected development of

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SNB Sight Deposits Week November 16

Total sight deposits at the SNB rose by 0.5 billion to a total of 373 bn. francs in the week ending on November 16th. "Other sight deposits", the ones of foreign banks and Swiss companies, fell by 600 million francs, but the ones of local institutes increased by more than 1 billion francs. See full detail on our explanation, historical and our expected development of

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UBS Wealthy Clients and Hedge Funds Move into Shorts EUR/CHF

UBS wealthy clients and hedge funds are moving into shorts of EUR/CHF. The pressure on the SNB might become challenging. See more on Euromoney.

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Steen Jakobsen, Chief Economist Saxo Bank, Followed Our Shorts on Gold and Bullishness on USD

Steen Jakobsen, chief economist of Saxo Bank followed our bullishness on US dollar and our shorts on golds and silver of the beginning of October when gold was trading around 1780. At the time, Steen was writing his column, we have already realized some gains on silver and gold shorts. Steen seems to be content with …

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The Stock Market Performance Predicts that Romney Wins

An interesting correlation of stock markets performance in the month before the US presidential elections suggest that there will a change in party, hence Romney wins.  alessiorastani.com

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Peter Schiff Interviews Marc Faber

Peter Schiff Interviews Marc Faber. Peter Schiff Blog

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Jordan: Dropping Peg Is Premature

The Swiss National Bank's cap on the franc of 1.20 per euro remains the right policy tool for now and talk of dropping it is premature, Chairman Thomas Jordan said. See  Reuters

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