Category Archive: 3) Swiss Markets and News

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Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.

Swiss markets fluctuate on earnings data

The Swiss Market Index is set to finish the week slightly higher as investors digest second quarter earnings reports and central bank policy announcements.

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Roche CEO worried about U.K. drug research following Brexit

The U.K.’s decision to leave the European Union poses a threat to research and development in the pharmaceutical industry, Roche Holding AG Chief Executive Officer Severin Schwan said. A departure would mean the country would have to set up its own system for approving drugs for sale, a job now done for bloc members by the European Medicines Agency.

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Givaudan profit beats estimates on U.S. fragrance demand

Givaudan SA, the world’s largest flavors and fragrance company, reported first-half profit that beat analyst estimates on increased demand for perfumes. Earnings before interest, taxes, depreciation and amortization rose 13 percent to 638 million francs ($649 million), the Vernier, Switzerland-based company said in a statement on Monday. Analysts had predicted 576 million francs. Sales gained 6.2 percent on a like-for-like basis to 2.33 billion...

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Novartis says profit may drop

Novartis AG said profit may fall this year as the Swiss drugmaker increases spending on the heart medicine Entresto and faces declining sales of its best-selling cancer treatment Gleevec. Core operating income will either be about the same as 2015 or decline by a percentage in the low single digits at constant exchange rates, Novartis said Tuesday in a statement. Sales will show little change.

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Swatch profit plunges as demand falls across europe, asia

Swatch Group AG said first-half profit fell by more than half — the most in at least 15 years — as demand for its watches in Hong Kong, France and Switzerland collapsed.

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Swiss stocks higher on stimulus bet

The Swiss Market Index (SMI) is set to finish this week higher tracking equity market gains around the world as investors begin to anticipate a new wave of economic stimulus from central banks.

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Swiss government rejects union demands for pension increases

Various Swiss unions along with the socialist and green parties have launched an initiative to increase pensions. Their plan, which demands a 10% increase in pension payments, will be put before Swiss voters in a referendum on 25 September 2016.

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QE and stress tests could cause a state of emergency for some insurers

European insurers, whose profits are being eroded by Mario Draghi’s quantitative-easing program, face a stress-test headache that risks requiring them to set aside more capital, further hurting their ability to make money. The timing of the regulator’s “stress test couldn’t be worse as the results will be rather negative,” said Lutz Roehmeyer, who helps oversee about $12 billion as director of fund management at Landesbank Berlin Investment.

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Spiritus rector des kranken Bonussystems ist Oswald Grübel

97 Franken – das war der Kurs der CS-Aktie im Mai 2007. Vergangene Woche notierte die Aktie noch bei einem Zehntel. Bei einem solch dramatischen Kurszerfall muss die CS sich nicht wundern, wenn kritische Fragen gestellt werden. Weshalb beträgt der aktuelle Wert der CS-Titel nur noch rund die Hälfte des in der Bilanz ausgewiesenen? Besteht die Gefahr eines Konkurses der CS? Wer wird dieses Too Big To Fail-Institut allenfalls retten? Die SNB, der...

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Post-Brexit relief rally fading – Swiss quality stocks as safe haven

The SMI is set to post moderate losses this week as the post-Brexit relief rally faded and commodities slipped. Swiss stocks outperformed key European markets as investor’s fled to quality stocks such as Nestlé, Novartis and Roche.

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Some question price of Swiss stocks as safe haven status awakened

Swiss stocks, dislodged in 2015 as a haven from European volatility, have seen the status restored following Brexit — so much that some investors are balking at valuations. After trailing shares from Germany to France and Italy for most the past year, the Swiss Market Index is finding a new appeal in the fallout of the U.K. vote to leave the European Union.

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Brexit: BoE Governor Not Optimistic

Stateside, this is a holiday shortened trading week, one that will be dominated by two fundamental events - Wednesday's FOMC minutes and Friday's non-farm payroll (NFP) report for June. With no surprises expected in the minutes, both dealers and investors have very much priced out any possibility of a U.S rate hike occurring within the next 18-months. In respect to the jobs report, is it possible that the U.S can print two disappointing numbers...

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If the UK Economy Tanks, Don’t Blame Brexit

If the process of wealth generation is currently in good shape then Britain’s exit from the EU shouldn’t have any negative effect on real economic growth. This, however, might not be the case. It is likely that the reckless monetary policy of central banks in the UK and the eurozone has inflicted a severe damage to the process of real wealth formation.

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SMI up on Brexit bargain hunting

Investec's weekly view on Stock Markets and the SMI. Global equity markets are set to post gains this week as investors digest the impact of the UK’s historic vote to leave the European Union. Swiss stocks outperformed global markets as defensive heavyweights Nestle outperformed.

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Who’s Next to Exit? France… or Maryland?

Bonner discusses who will be the next country to exit the EU: The Netherlands, France or Italy. Who will exit the UK: maybe Scotland or Northern Ireland, or will exit the U.S. Examples: Texas or Maryland.

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Swiss Sovereign money initiative: war on bankers but not on central banksters

Iceland has gained the admiration of populists in recent years by doing that which no other nation in the world seems to be willing or capable of doing: prosecuting criminal bankers for engineering financial collapse for profit.

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“Brexit Sends A Clear Message To Sick Political Elite” Marc Faber Sees “Only Good Contagion”

"We're moving into a global recession that has nothing to do with Brexit," warns Marc Faber stressing that Britain leaving the EU would not be disastrous, saying that if Switzerland can operate in a "single" market and outside of the EU so can Britain.

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Quitting the Cucumber Affair

  Winners and Quitters Vince Lombardi, the famous American football coach, once said, “Winners never quit and quitters never win.”  Maybe he meant that winners overcome obstacles to reach their goals while quitters give up and fall short… or somethin...

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Another Sexual Assault Gets Refugees Banned From Pools In Austria

Authorities in the Austrian town of Mistelbach issued a temporary pool ban for refugees following a sexual assault by a “dark-skinned’ man on a 13-year-old girl. German and Swiss are issuing leaflets how to behave in pools.

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Panama Tax Haven Scandal: The Bigger Picture

The “Panama Papers” tax haven leak is big … After all, the Prime Minister of Iceland resigned over the leak, and investigations are taking place worldwide over the leak. But the Panama Papers reporting mainly focuses on friends of Russia’s Putin, Ass...

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