„Flash crash” of Swiss Franc due to Japanese holiday
February 11, 2019On Monday 11th February in the early hours, at the start of Asian trade, the exchange rate of Swiss Franc experienced what is called by analysts a “flash crash”. The rate of CHF against USD skipped and then rebounded, changing in total by one percent in just a matter of minutes.
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How Swiss stock exchange trading in 2018 affected banks’ revenues
February 02, 2019The Swiss stock exchange trading volume was higher in 2018 comparing to 2017. Many segments enjoyed a bit better year, expect for ETFs. However, turbulent stock markets over the course of the whole year vastly affected the private banking sector’s revenues and assets under management figures.
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Tech startups had a record year in raising funds
February 01, 2019A newly published report on technology – fintech, biotech, IT and others – startups in Switzerland showed that last year was record one for them in terms of received funding. Overall, they received in funding much more money than in previous year.
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ECB keeps policy unchanged; the Euro Swiss Franc rate is down
January 25, 2019The European Central Bank announced on Thursday 24th that it kept its policy unchanged in a move that was considered dovish by experts. A rate hike is still probable later this year, even though the eurozone economy is experiencing a slowdown. The Euro exchange rate fell down upon the news as the US Dollar gained.
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SNB worries about Brexit; Will the Brexit influence the Euro Franc exchange rate?
January 17, 2019Prime Minister of the UK Theresa May failed to secure parliamentary support for her Brexit plan this week and as a result the leaving process of the country from the EU is now in limbo. The SNB expressed its concerns of the situation, whereas the Swiss Parliament gave green light for deals with the UK.
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