Most big eurozone banks are well braced for possible future interest rate rises, the European Central Bank said Monday after running dozens of them through a stress test. On a scale running from a top mark of 1 to the lowest of 4, 60 out of 111 banks scored 1 or 2 in the test, the ECB said. For the first time, the stress test examined how sudden changes in interest rates will affect banks’ income and the value of their assets. Of the other banks, 34 received a mark of 3 and 17 scored a 4.
The US stock markets have been hitting new highs recently with the result that it seems as if there is hardly any risk involved in investing in US dollar equities. Even if the FAANGs account for most of the north-bound movement and large numbers of companies have seen their quotations headings southwards, Wall Street hype glorifies the advances made so far and the presstitutes follow along like lemmings.
U.S. economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioral economics, showing how human traits affect supposedly rational markets, the Royal Swedish Academy of Sciences said on Monday. His “Nudge” theory, outlined along with former White House adviser Cass Sunstein, suggests small incentives can prod people into making certain decisions. His work has informed politicians looking for ways to influence voters and shape societies at a time when budget deficits limited their scope to spend. Former U.S. President Barack Obama and former U.K. Prime Minister David Cameron both appointed teams to study if behavioral economics could be used to save their governments money.
For the third straight year, Luxembourg has held on to its position atop UNCTAD's ranking of 143 countries' capacity to support online shopping and other business-to-consumer e-commerce. Among the top 10 economies in the 2017 UNCTAD B2C E-commerce Index, seven are European while three are from the Asia-Pacific region. The index, first published in 2015, draws on data on Internet use, secure servers, use of financial accounts (including mobile money accounts) and the reliability of postal deliveries, and shows that e-commerce readiness varies by region.
With initial coin offerings getting attention from regulators around the world, European Central Bank governing council member Ewald Nowotny has disclosed that the European Central Bank is looking at putting regulation on the books regarding ICOs. "Bitcoin is not a currency, it is highly speculative and volatile, it is not subject to any supervision either, and the stock market movements of the recent period make it clear,” explains Nowotny speaking in an interview with the Austrian weekly magazine Trend as covered by Bloomberg.
Following their retracement down during the Spring, China and Industrial metals have been moving up since May. Oil has followed with a lag, and from late June, it has been rallying strongly. Again, following China and Industrial Metals by a few weeks, oil topped out late September. We believe that this is an intermediate top and that from November, at the latest, it should resume up towards year-end.
US employment fell in September for the first time since 2010 as hurricanes Harvey and Irma took their toll on the jobs market. The number of Americans filing for unemployment benefits fell more than expected last week, but the continued impact of Hurricanes Harvey and Irma on the data made it difficult to get a clear picture of the labor market. The US jobs market stalled in September, losing 33,000 jobs. It was the first time in seven years that the US monthly total had recorded a fall.
The Swiss National Bank’s holdings of foreign currency touched a record 724.4 billion francs ($739 billion) in September, an increase of 1 percent from August. The franc slipped against both the euro and the dollar last month, two currencies in which the central bank holds a large portion of its reserves. Still, the franc remains strong, requiring the SNB to stick with its policy of negative rates and occasional interventions, President Thomas Jordan said earlier this week.
Switzerland's KOF Economic Institute downgraded its growth projection for this year because of weak performance in the first half. In the Autumn Economic Forecast, released Thursday, the institute lowered growth outlook for 2017 to 0.8 percent from 1.3 percent. The think tank said prospects for GDP growth were much gloomier than it had appeared in June.
Two years after two historic global agreements were established, leaders and other change agents in
Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.
The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the
Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor
Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor
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