12 February 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI is expected to underperform global markets again this week after stocks lost further ground on rapidly declining global investor sentiment. Equity markets around the world tumbled as Japan, Europe and emerging Asia suffered heavy losses with global banking stocks […]
European stocks at recession prices show faith faltering on growth
Brought to you by Investec Switzerland. European shares declined for a sixth day as investors fretted over global growth prospects. For European investors trying to assess just how bad sentiment is right now, consider this: the last time stocks were this low, the region had just suffered its longest-ever recession and corporate profits were about […]
What could the Chinese year of the fire monkey bring to Switzerland?
Every year in the Chinese lunar calendar is associated with one of 12 animals combined with one of five elements: metal (gold), earth, water, wood or fire. This year is the year of the fire monkey and celebrations to mark the new year take place on 8 February 2016. Fire monkeys have large personalities but are prone to irritability. […]
Swiss stocks slump on disappointing earnings and gloomy economic outlook
5 February 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI is set to underperform global markets this week after stocks lost ground on disappointing earnings reports and gloomy economic data releases. Stock markets around the world are also set to finish the week mostly lower as the fluctuating oil […]
Credit Suisse surprises market with large loss
Brought to you by Investec Switzerland. Last October, Credit Suisse Group AG Chief Executive Officer Tidjane Thiam called two of his bank’s businesses the “ugly ducklings that no one likes.” He’s just been reminded why. The Zurich-based lender’s units that trade corporate bonds and securitized products contributed about $500 million in so- called mark-to-market losses […]
Switzerland welcomes Chinese investment in largest-ever deal
Brought to you by Investec Switzerland. Switzerland is welcoming ChemChina’s $43 billion takeover of Syngenta SA, the Alpine nation’s biggest-ever deal, with open arms. The only continental European country to strike a free-trade agreement with China, Switzerland has long been an attractive hunting ground for companies from the Asian giant. Unlike the U.S., which has […]
Why Switzerland was ranked the most economically free nation in Europe
Switzerland was placed fourth globally in the 2016 Economic Freedom index published by the Heritage Foundation on Monday. One of only five countries declared economically free, Switzerland ranked top in Europe and was the only country in the top five not to lose any ground. In fact it improved by half a point. 178 countries were […]
UBS’s miserable quarter
Brought to you by Investec Switzerland. UBS’s results are a reminder that even the strongest boats are being buffeted by the storm in financial markets. Tuesday’s slump in profit from both investment banking and wealth management sent the shares to the lowest in a year. It also puts in question the premium valuation the bank […]
Pharma weighs on Swiss stock market
Brought to you by Investec Switzerland. The SMI is set to end the week modestly lower along with global stocks after earnings reports from pharmaceuticals heavyweights Roche and Novartis fell short of analyst’s estimates. Global markets experienced another volatile week amid ongoing speculation over whether central banks will come to the rescue of turbulent financial […]
Days of unfettered drug price increases over, Novartis head says.
Brought to you by Investec Switzerland. The soaring cost of some medicines has sparked a controversy that’s hampered drugmakers’ ability to raise prices in their biggest and most profitable market. Novartis AG Chief Executive Officer Joe Jimenez figures the golden days of unfettered price increases are over in the U.S. “Those days are over,” Jimenez […]
