Weekly Swiss and global market roundup for 11 September 2015.
Brought to you by Investec Switzerland.
Swiss market flat, jobless rate stable
The Swiss Market Index (SMI) is expected to end the week flat after another volatile trading session. The economic slowdown in China remains central to the recent sell off although… Read more.
Euro-area economy grew more than estimated in second quarter
European markets were also given a boost this week after G-20 leaders announced on Monday that “the recovery in Europe is getting stronger”. The euro-area economy grew more than initially reported in the second quarter, driven by a surge in exports and consumer spending. Gross domestic product rose… Read more.
China finance minister targets fiscal policy and infrastructure to support economy
China will strengthen fiscal policy, boost infrastructure spending and speed up reform of its tax system to support the economy, the Ministry of Finance said, joining other steps…. Read More.
Japanese stocks rocket
Japanese stocks experienced the strongest relief rally mid-week, with the Nikkei making its biggest one-day gain since October 2008 after the recent selloff drove stock valuations to an 11-month low.
Swiss company news
Nestlé’s Indian unit plans to reduce its dependence on Maggi noodles after recently suffering its biggest crisis in its history and ABB Ltd is said to be pooling its power-distribution assets in a possible prelude to selling the unit… Read more.
Next week’s focus: the US
Focus for the week ahead will turn to the US where, on Thursday, the Federal Reserve will decide whether to increase rates for the first time since the 2008 financial crisis.