Switzerland’s consumer price index rose more than expected during the month of September as it increases 0.7% year-over-year as it reached 100.9 points, beating slightly median expectations of a 0.6% increase. On a month-over-month basis, the headline gauge rose 0.2%, matching expectation...
The yellow metal has reached its 8-week low and is trading around $1275 which nonetheless remains at a strong level if we compare gold prices since the start of the year. Gold price began the year below $1200. The return so far of the precious metal is still very interesting well above 6...
After printing fresh highs against most of its peers yesterday, the greenback finally took a breather on Wednesday and consolidated gains as investors await ADP employment report, Markit PMIs and ISM non-manufacturing. The dollar index edged down 0.10% to 93.50 as the greenback fell 0...
On Wednesday the Reserve Bank of India (RBI), policy meeting will be key to EM pricing. It’s widely expected the RBI to hold rates unchanged however, there is a high probability of a surprise rate cut. India’s economic expansions has slowed significantly causing concern with policy makers...
We continued to see an underpricing of Catalonia risk. Partially since markets tend to expect the least intrusive outcome and partially the market rumors that, this is merely a domestic issue. Meaning should Spain break up the EU will deal with both parties as separate entities...
The Catalan referendum has brought a very important question in centre stage. Do people have in Europe the self-determination right? It seems that the answer is a big no. Spanish Prime minister declared that there was not vote (i.e. legal) vote in Catalonia...
The US dollar bounced back on Monday, extending gains against almost all of its peers. The uncertainty generated by the Catalan situation has also forced traders to pull out of the single currency...
A significant share of voters in Germany cast their vote in favor of anti-establishment parties in Sunday's federal elections. Global Chief Economist Paul Donovan assesses what rising uncertainty means for investors...
The coming week is typical for a first week of the month; important data releases will clarify the economic conditions of the previous month. On Monday, manufacturing PMIs around the globe will be released, and on Friday US labor market data...
he Helvetic currency has lost two figures since the start of the week going from 1.16CHF to 1.14CHF. Some Swiss economic indicators came in better. The UBS Consumption indicator has risen in August from 1.38 to 1.53...
While the German elections (still a non-issue) continues to dominate Europe conversation, events in Spain are about to heat up. Where this story takes markets, confounds and worries this strategy desk. The Catalonia referendum on Independence is plan to take place on Sunday 1st October...
The sentiment seems to be back to bullish. Gold keeps on declining and is now below $1300. North Korea tensions are still there but markets seems not to worry much on a possible escalation. The dollar has been recently strengthened after weakening since the start of the year...
The primary headline of Angela Merkel winning a historic 4th term is the one that will likely drive market activity...
Next week starts on Sunday, at least for German voters, who are asked to cast their vote in the federal election. Opinion polls point firmly to Angela Merkel retaining the chancellery, to which CIO attaches a 90 percent likelihood. CIO expects the short-term market reaction to be somewhat muted...
Crypto-currencies like Bitcoin fail two key tests of what makes a currency a currency, Global chief economist Paul Donovan argues in the new 'Thought of the Week'. No currency has a natural value. The fact that Bitcoin is just computer code doesn't matter...
The EURCHF pair has reached its highest level since the floor was abandoned in January 2015. The pair has even reached 1.1620 CHF for one euro coin. The bullish move is mostly due because of the anticipation of the asset purchase program being reduced by the ECB in October...
Chinese equities ended lower for the second day in a row after Standard & Poor’s stripped China of AA- rating. The Shanghai Composite fell as much as 0...
During the night, the Bank of Japan has announced its rate remain on hold. It is certain that the Bank of Japan was also closely looking towards the Fed which had its meeting yesterday night...
As widely expected, the FOMC finally triggered the process to reduce the size of its $4.5tn balance sheet...
he big news event on 20 September will be the report of the US Federal Reserve’s Open Market Committee – we believe the central bank will finally announce plans to start selling its massive holding of bonds. This is likely to begin in October. Meanwhile, the Fed is unlikely to move interest rates...
