(21 DECEMBER 2017)DAILY MARKET BRIEF 3:Swatch, anyone?

The Swiss watch industry’s exports of traditional watches rose 5.8% to CHF 1.98 billion. Not only is this a boost to sector with six years of sales declines, but a hopeful sign for 2018. Exports to China increased a whopping 39.8% to CHF 162 million, and the rest of Asia including Hong Kong and Japan also showed strong demand. The Swiss franc’s weakness can only help support sales

By Peter Rosenstreich