News

09.08.2016

Eu Council: no budget fines for Spain and Portugal

The EU Council will not give any sanction to Spain and Portugal for failure to meet the deficit. The Community body preferred to deal with the situation by giving more space to the two Iberian countries, which will still have to take corrective measures and present a new budget plan by October 2017. The operations to be implemented in the fall will have to be aimed at reducing the budget deficit from 4.4% at end 2015 to 2.5% by the end of this year to Lisbon, and Madrid will have until 2018 to reach the target of 3% from 5.1% last year. Greater flexibility, and, for Spain, which will bring the 4.6% in December, 3.1% in 2017 and 2.2% by 2018, in the light of a more uncertain political situation given the lack of a permanent government by the end of 2015.

 
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08.08.2016

China: growth still weak, import-export stable

Chinese import-export still firm in July. Exports of the Asian giant were down by 4.4% on an annual basis, while imports fell by 12.5%, the steepest drop since January. For the first few analysts predicted a decline of 3%, 7% for the latter. Imports were well down in 21 of the last 24 months, exports in 12 of the last 13. The balance was a surplus net trade balance of 52.31 billion dollars, the highest since January. And so, in the first 7 months of the year, China's imports from the rest of the world decreased by 10.5% on annual basis (-8% in 2015), while exports fell by 7.4%.

 
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08.08.2016

Switzerland: real estate better than stock market

In Switzerland, buy real estate is more attractive than investing in stocks. The benefit would be linked to greater efficiency and / or reduced risk, according to a survey done by the brokerage firms Moneypark. The 80 experts questioned sector in the first quarter of 2016 argue that the prices of properties owned should remain stable or drop slightly at most. Nearly half of respondents believe that it is a consolidation of the constant prices markets and excludes a housing bubble.

 
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08.08.2016

Deliveroo raises $ 361M to compete in food delivery market

The food delivery market is going to be more and more competitive. According to Rocket Internet estimates, its value is around 90 billions of dollars, an element that is carrying several big players, such as Uber and probably Amazon, soon to enter the European market. Deliveroo, London-based company born in 2013, has decided to "pump fresh cash", through a collection funding and raises $ 361 milllion, tanks to a group of new investors led by private equity fund Bridgepoint. In less than three years, the start-up has already put together $ 475 million that drives up the evaluation, though analysts do not unbalance of what could be the company's value on the market.

 
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05.08.2016

Swiss tourism: Hotel nights dropped in first half 2016

The Swiss tourism industry saw a drop in the first half: the hotel industry registered 16.8 million overnight stays, with a 1.2% decline compared to the same period last year. The decrease was due to foreign guests (-2.5%), while domestic demand has held (+ 0.5%). According to figures published today by the Federal Statistical Office (FSO) at the regional level, the Ticino has a low step back (-0.1% to 916'190 nights), an improvement compared to the same period of 2015 (-5, 2%).

 
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05.08.2016

US jobs report: unemployment rate unchanged

The unemployment rate in the US for the month of July remained stable at 4.9%. This was announced by the US Department of Labor. The same source also reported that the new jobs in non-agricultural sectors increased by 255 thousand units. In this case, the figure was higher than analysts' expectations. The estimates, in fact, pointed to an increase of 180,000 jobs. Revised upwards the detection of June to 292,000 jobs from 287,000 earlier.

 
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05.08.2016

Technical Analysis: USD-JPY consolidates above 100.70

Support at 100.70 holds, meaning there is still a good chance of a rally, first up to 103 and then up to 105 yen. The former resistance is created by the monthly pivot point, while the latter a lot denser supply zone is much less likely to let the price increase further. There the bulls will encounter the six-month down-trend and the 55-day SMA. Alternatively, if the scenario suggested by the indicators materialises and both 100.70 and 100 fall victim to the selling pressure, we will expect a bullish correction to start only circa 97 yen, when the rate meets the lower bound of the bearish channel.

 
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05.08.2016

Swiss National Bank hits reserves record in July

Switzerland has always been one of the safest havens in the financial field, as evidenced by its public bonds, which until the expiry of 30 years still offer negative returns. The exchange rate between the Swiss franc and euro is practically to the beginning of the year, being rocked in recent months in a fairly narrow range (1.07 to 1.11). The post-Brexit statement was only the second time the SNB has officially confirmed intervention to weaken the Swiss franc since January 2015. The first happened when Greece announced a referendum on its bail-out by European partners.

 
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05.08.2016

21st Century Fox Q4 beats earnings estimates thanks to Race for the White House

The race for the White House fascinates the American people and helps the results of companies. Thanks to the Clinton-Trump challenge and election commercials, 21st Century Fox has exceeded analysts' expectations. The media conglomerate posted revenues of $ 6.6 billion for the period ended June 30 (Q4), up 7 percent, and a surge in net income from $ 87 million in the year-May period to $ 567 million. Earnings per share were $ 0.30, up from $ 0.04 During the same time frame last year.

 
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04.08.2016

Adidas raises on stellar Q2

Adidas has closed the second quarter marked by profits substantially doubled to 291 million euro. Earnings per share rose from 0.73 to 1.42 while revenue grew by 13% to 4.42 billion. The German sportswear giant has improved to almost 20% from previous estimates of 15% predicting sales growth during the year.

 
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