Brought to you by Investec Switzerland. The Swiss National Bank maintained its ultra-loose negative interest-rate policy and pledged to intervene in currency markets if needed, saying the Brexit vote has clouded its view of the global economy. Switzerland’s central bank, which for years has been combating an overvalued currency, left its deposit rate at a […]
Swiss franc shows enduring Brexit concern even as odds lengthen
Brought to you by Investec Switzerland. At least one Brexit warning light is still flashing red. While the pound has rallied in recent days and bookmakers have shortened their odds on a win for “Remain” in Thursday’s U.K.’s European Union referendum, the Swiss franc is still about 0.4 percent from the 2016 high it reached […]
Swiss stocks lower on stronger Swiss franc and Brexit fears
10 June 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss Market Index (SMI) is set to close lower this week, underperforming global stocks after a stronger Swiss franc hurt domestic firms and Brexit fears weighed on investor sentiment. On the other side of the Atlantic, the S&P 500, an index which […]
