News

08.06.2016

The SNB is still intervening massively to stabilize the EURCHF exchange rate

The SNB foreign currency reserves came out this morning. They were significantly higher than the previous month (602.1bn vs 587.6bn CHF). This is the highest number ever for the SNB, which keeps increasing its reserves since early 2009 and dramatically accelerated since 2012. This shows what, intuitively, we thought: the SNB is still intervening massively to stabilize the EURCHF exchange rate, which is trapped in the 1.10-1.11 range since late April, and almost always above 1.09 since January. And this is not going to stop.

 
Read More
08.06.2016

Rossana candy back in Italy: Nestlé sells to Fida

Change of ownership for the brand of candy Rossana: the Nestlé Group has signed a preliminary agreement for the sale to Fida, an Italian company with headquarters in Asti, the business unit relating to the Rossana brand candies, Fluxes, Glacia, Fruttallegre, lemoncella and cloves. Nestlé, according to a joint statement, has chosen the proposal submitted by Fida, Asti company established in 1973 which operates exclusively in the candy industry.

 
Read More
08.06.2016

World Bank cuts growth forecasts for the global economy

The World Bank has cut its global economic growth forecasts and subscribed to cut forecasts operated by other supranational institutions, due to the uncertainty of the macroeconomic scenario. The new estimate indicates an increase of 2.4% compared to 2.9% previously indicated. Growth readjusts well to the levels of 2015, and will tend to rise to 2.8% in 2017 and 3% in 2018.

 
Read More
08.06.2016

Bund Germany: new historical record low

The yield on German 10-year Bund retouchs historic low. The record marked yesterday with an interest of 0.47% has been canceled today at the start of trading on European markets. The yield on the Bund falls to 0.33% and approaches the fateful zero. All government bonds of the euro area are well procured from a few sessions but not with the intensity of the German 10-year. Meanwhile, today part of the plan purchases of corporate bonds non-bank by the ECB as part of the Qe and with the goal of bringing in 80 billion euro monthly purchases. Among the operators some fear that the Eurotower not reach at least 5 billion of corporate bonds and the level below € 3 billion would be read as a failure.

 
Read More
08.06.2016

WTO: whether it will be Brexit, no "copy and paste" for London

The output from the Union is likely to cost the UK exporters 5.6 billion pounds - about 7.2 billion Euros, if not longer as a result of exchange rate volatility, in additional customs duties. To launch this new cost warning of a possible vote by the EU for the divorce was the Director General of the WTO, Roberto Azevedo. Azevedo has clarified such as London, in case of Brexit, should renegotiate their agreements from scratch.

 
Read More
07.06.2016

Putin is sure that St. Petersburg Forum will be key event for the global economy

The Kremlin leader Vladimir Putin gave his welcome address to the International Economic Forum in St. Petersburg. during the presentation speeches. "The global economy is increasingly influenced by political and social factors," said the Russian president in the welcome message to the event which will take place from 16 to 18 June. As communicated to the president of the European Commission, Jean-Claude Juncker from Brussels should be present.

 
Read More
07.06.2016

Facebook: Brexit dominates the popular social network

Facebook is also involved in the referendum on Brexit, which will see the UK go to the polls next June 23 to decide whether to remain in the European Union. The popular social network has decided to side openly with an alert sent to citizens under 45 years, statistically mostly against Brexit, to register before the deadline of this evening to participate in the referendum of 23 June. Collecting approximately 100 thousand favorable responses from users who have immediately followed the advice. In one day there were 155 thousand people: 52 thousand between 18 and 24 years, 68 thousand from 25 to 34 and 35 thousand from 35 to 44. It is more than three times what they had done in previous days: According to The Times, three fifths were convinced by Facebook.

 
Read More
07.06.2016

Falciani list: searches continue in Spanish banks

In the morning the Madrid headquarters of BNP Paribas was raided by the Central Operating Unit Civil Guard officers (Uco) that required, by order of Judge José de la Mata, data and information relating to alleged money laundering at the bank in Geneva hsbc. The raid comes four days after a similar operation at the headquarters of Banco Santander in Boadilla del Monte. The origin of the survey is the so-called Falciani list. Judge José de la Mata is investigating the activities of HSBC in Spain in relation to Falciani list, which includes more than 600 holders of Spanish accounts worth about 6 billion euro, held at the headquarters of the Geneva private bank.

 
Read More
07.06.2016

Euro Zone, the economy grows more than expected

According to the European Statistical Office, Eurostat, the third and final estimate of GDP for the 1st quarter indicates an increase of 0.6% on the quarter and 1.7% on year. These forecasts exceed those announced last month respectively 0.5% and 1.5%. In the fourth quarter of the year there has been a growth of 0.3% qoq and 1.6% yearly. The entire European Union (EU) economy recorded an increase of 0.5% as compared to the cyclical same quarter last year, there was an increase of 1.8%.

 
Read More
07.06.2016

Fed: Yellen does not hide fear Brexit

"The monthly data on the labor market is an important indicator. We will continue to follow the trend of the labor market carefully," Yellen said, stressing that the current level of monetary policy is "appropriate to support the economy and encourage further improvements in the labor market, which will help inflation return to the 2% ". "I still believe that rates will rise gradually over time to ensure price stability and maximum sustainable employment in the long term", Yellen highlights . "I believe that the positive forces that sustain employment growth and inflation will continue to weigh more than the negative ones. I expect the continuous economic expansion, with the labor market still improve and that GDP will grow."

 
Read More

Events


Semptember 2015
  • 23
    Aug

    Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator

  • 24
    Aug

    Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa

  • 02
    Sep

    2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea

  • 11
    Sep

    ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.

  • 12
    Sep

    The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol

See All

newsletter

Updates and news from MarketPlus

Market Overview
SMI® PR8953.42-0,94 %
LYXOR DAX INAV116.494-0,48 %
FTSE MIB Index21840.50-0,66 %
FTSE 1007395.89-0,50 %
CAC 405144.22-0,63 %
S&P 5002458.38-0,40 %
NASDAQ Composite6306.6538-0,61 %
HANG SENG INDEX27344.22-0,24 %
Powered by Yahoo Finance