29 April 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss equities are expected to finish lower this week, underperforming global stocks after the Federal Reserve and the bank of Japan held off on policy changes, mirroring last weeks “wait and see” stance of the European Central Bank. U.S. central bankers skipped […]
Swiss watch exports post biggest quarterly drop since 2009
Brought to you by Investec Switzerland. Swiss watch exports posted the biggest quarterly drop since 2009 as the industry faces declining demand across all its main markets. Shipments fell 8.9 percent in the first quarter, adjusted for working days, according to data from Switzerland’s customs office. Exports declined 16 percent in March to 1.5 billion francs ($1.5 […]
How eastern Germany’s watch making capital is beating Switzerland
Brought to you by Investec Switzerland. The east German village of Glashuette doesn’t look like much: just a handful of streets stretching up and down a narrow valley from a bare station platform, where trains depart once an hour for the 45-minute trip to Dresden. Scratch a bit deeper, though, and you’ll find that the town of 7,000 is home to […]
SMI struggles upward as the global stock recovery continues
22 April 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI continued its struggling upward trend this week and is expected to finish slightly higher on Friday, in-line with global equity markets. Stocks held on to early gains despite concerns that the European Central Bank (ECB) and People’s Bank of China […]
Roche sees its first cancer immunotherapy winning U.S. nod soon
Brought to you by Investec Switzerland. Roche Holding AG said its most advanced experimental drug to harness the immune system in the fight against cancer may win U.S. regulatory approval this year, becoming the first such treatment to help the roughly 430,000 people diagnosed annually with bladder cancer. The medicine, called atezolizumab, may generate around $3 […]
SNB could increase scope of negative interest rates
Brought to you by Investec Switzerland. The Swiss National Bank could reduce the amount of leeway it grants banks on its negative deposit rate in a bid to prevent an already “significantly overvalued” franc from strengthening, President Thomas Jordan said. Still, reducing the threshold — currently 20 times an institution’s minimum reserves — isn’t an imminent […]
Swiss stocks up on luxury, banking and improved global sentiment
15 April 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI is set to finish this week more than 2% higher, showing modest outperformance against global equity markets as cyclical companies from banks to luxury goods surged on improving investor sentiment. European shares experienced their longest winning streak since early March […]
Nestle sales beat estimates on coffee as competition heats up
Brought to you by Investec Switzerland. Nestle SA, the world’s biggest food company, reported first-quarter sales that beat analysts’ estimates, as Nescafe and Nespresso were boosted by marketing to ward off competitors in coffee. Sales rose 3.9 percent on an organic basis, the Vevey, Switzerland-based maker of KitKat bars and Perrier water said in a […]
Sika’s fight against Saint-Gobain drags on as board renewed
Brought to you by Investec Switzerland. Sika AG minority shareholders won an important round in their 16-month battle to ward off a sale to a French competitor after re-electing half a dozen directors to the board who support their cause. At Sika’s annual meeting in Baar, Switzerland on Tuesday, Chairman Paul Haelg restricted voting rights […]
Swiss market up this week despite global decline
8 April 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI is set to finish the week (+1.15%), significantly higher, having outperformed global equity markets (-1.13%), thanks to the strong performance of healthcare giants Novartis and Roche. Global equities fluctuated during the week receiving a boost towards the end of the […]
