Weekly SNB Sight Deposits and Speculative Positions: SNB selling euros and dollars
2021-04-12
Update April 12 2021: SNB selling euros and dollars. Sight Deposits have fallen: The change is -0.5 bn. compared to last week, this means the SNB is selling euros and dollars.
FX Daily, February 3: The Greenback Remains Resilient as the Bulls Drive Equities Higher
2021-02-03
Equities have charged higher, and the greenback is mostly firmer. News that Draghi may become Italy’s next Prime Minister has boosted Italian bonds. The PBOC unexpectedly drained liquidity, and this may have deterred buying of Chinese stocks, a notable exception in the regional rally.
Switzerland’s Blockchain Fintech Industry in 2021
2021-02-02
Switzerland is home to 130 startups that are applying blockchain and distributed ledger technology (DLT) to finance use cases, new data from Swisscom show. Most of these companies (48%) operate in the banking infrastructure vertical, followed by investment management (24%), and payments (21%).
UBS Multibanking available to corporate clients throughout Switzerland
2021-02-01
UBS has successfully completed the pilot phase of its new multibanking function and is now gradually rolling out the offering across Switzerland. UBS Multibanking will now also give SMEs full transparency over all their accounts and allow them to execute payments debited from accounts with third-party banks directly in UBS E-Banking.
Covid: a majority of Swiss in favour of closing ski lifts
2021-01-29
According to a recent survey by Swiss media company Tamedia, 55% of the population is in favour of closing the country’s ski domains if the Covid-19 situation gets worse. reported the newspaper 20 Minutes.
Swiss Trade Balance Foreign trade 2020: historic decline against the backdrop of a pandemic
2021-01-28
Switzerland’s 2020 foreign trade will bear the brunt of the consequences of the COVID-19 pandemic: exports (-7.1% to 225.1 billion francs) and imports (-11.2% to 182.1 billion) posted a historic decline. Never before have they suffered such a significant quarterly decline as in the second quarter of 2020. Foreign trade has fallen back to its level recorded three years earlier. The trade balance closed the year with a record surplus of CHF 43.0 billion.
In a Paranoid Nation, “Treason” Is Everywhere
2021-01-26
FBI agents across the nation are tracking down and arresting Trump supporters who walked into the US Capitol during the January 6 protest that turned into a brawl. Scores of protestors have already been charged with unlawful entry—“knowingly entering or remaining in a restricted building or grounds without lawful authority.”
Goldman Lists The Three Things That Could Go “Really Wrong” In 2021
2021-01-25
On Saturday, we showed why according to observations from Credit Suisse and BofA, the "US Economy Is Set To Overheat As Households Are Flooded With $2 Trillion In Excess Savings." Then, in a note this morning from Morgan Stanley asking "What To Do About All This Optimism" the bank said that "in November, December and now January, no question or concern has come up more often than ‘everyone is optimistic’." Finally, the latest Fund Managers Survey showed that investors’ global growth expectations rose by 1% to a net 90%, the 3rd highest growth expectations ever (#1 in March 2002, #2 in November 2020).This unbridled optimism prompted Goldman to boost its full year US GDP forecast to 6.6%, nearly 50% higher than the 4.1% consensus.The common theme: record euphoria has gripped not just markets