2 October 2015 Brought to you by Investec Switzerland. Global markets Despite equity markets biggest surge in three weeks, global equity markets headed for their worst quarter since 2011 with investors rattled by China’s economic slowdown, uncertainty over Federal Reserve policy and growing pessimism about corporate earnings. European and US markets continued their retreat early […]
Swiss-based Glencore’s shares plummet after analyst note
On Monday three analysts from the bank and asset manager Investec issued a note that sent shock waves through the mining industry. According to the Financial Times, the worst affected company was the Zug-headquartered Glencore, which saw its shares plummet 29% on the London Stock Exchange. Some in the industry had never seen anything like […]
Swiss economic roundup
25 September 2015 Brought to you by Investec Switzerland. Swiss watch exports fall as Apple watch dents low-end demand Swiss watch exports fell in August, heading for the first annual decline in six years amid signs that competition from Apple Inc.’s smartwatch may be denting demand for low-end timepieces. By Thomas Mulier (Bloomberg). Read more. […]
Swiss equity market lower, Fed confirms on track for 2015 rate hike
25 September 2015 Brought to you by Investec Switzerland. Swiss markets hit by global fears The Swiss Market Index extended losses this week as concerns that global growth is faltering spurred investors to sell equity assets. In Europe, stocks came under further pressure after automobile giant Volkswagen admitted cheating on US emissions tests. Fed talks […]
Switzerland leads world in innovation ranking. Here’s why.
The World Intellectual Property Organisation (WIPO) published a study late last week which ranked countries on innovation. The top five in the 2015 ranking are Switzerland, the United Kingdom, Sweden, the Netherlands and the United States. Switzerland has now held top place for five years in a row. The study, undertaken by WIPO, the INSEAD […]
Switzerland opens its tallest building
Last Friday saw the opening of Switzerland’s tallest building. The 41 level, 178 metre high tower is the first of two to grace the skyline of Basel. Building 1, as it is quite logically named, was designed by the Swiss architectural firm Herzog & de Meuron for the pharmaceutical giant Roche. It is 52 metres […]
Markets mixed, strong franc concerns, Nestlé, Sika and Credit Suisse
18 September 2015 – Weekly Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss financial markets news Markets trend higher this week but look to give up gains on Friday after central banks again postpone rate changes… Read more. Swiss economic news The Swiss National Bank is still concerned about franc’s value […]
Swiss markets news
18 September 2015 Brought to you by Investec Switzerland. Swiss markets up on week but fell back Friday The Swiss Market Index (SMI) tracked global markets higher this week but fell in early trading on Friday as investor’s reacted to news from global central banks on rate changes. On Thursday, the Swiss National Bank left […]
Swiss economic news
18 September 2015 Brought to you by Investec Switzerland. Swiss National Bank says franc still overvalued The Swiss National Bank kept interest rates at record lows and signaled the recent depreciation of the franc hasn’t diminished its willingness to intervene in currency markets if needed. The central bank, led by President Thomas Jordan, left its […]
Swiss company news
18 September 2015 Brought to you by Investec Switzerland. Nestlé fails to trademark four-fingered KitKat The European court of justice ruled that the four-fingered KitKat’s shape was not distinctive enough for consumers to associate it with the chocolate covered wafer. Nestlé is not seeking to trademark its two-fingered version of the KitKat. Sean Farrell (The […]
