September 28, 2020

Top News

Global global exchanges on the high week, seeking recovery from the declines seen last week, even with an increase in coronavirus cases and expectations in the political field.

Europe, European stock markets signal recovery after the worst week since June. News that the giant ArcelorMittal is negotiating to merge its assets in the United States with Cleveland-Cliffs, the largest producer of ore pellets in the country. Investors are concerned about the recent numbers that point to a major setback in the fight against coronavirus, which has caused the countries that make up the United Kingdom, as well as France and Spain (second third and sixth largest economies on the continent respectively), to give some steps back in the resumption of its economic activity, again imposing a series of measures that guide its citizens once again, to interrupt their social activities. Brexit case, with EU companies warning of the loss of 700,000 jobs in the event of a Brexit without a deal…

In Asia, over the weekend, the National Bureau of Statistics of China reported that the profit of the local industry grew 19.1% in August. The market operated mostly upward, with the exception of China. In Japan, Nikkei rose 1.32%, while South Korea's Kospi rose 1.29%. The Hang Seng index, from Hong Kong, with a high record of 1.04%. At the same time, China's Shanghai SE fell 0.06%.

International WTI oil futures (NYMEX: CL \ V20) are trading at $ 39.91, down -0.84%. Brent (NYMEX: BZ \ V20) also operates at a drop of -0.62%, traded at US $ 41.66.

NEIN zur Kündigungsinitiative, ein Schritt in die richtige Richtung

 



NEIN zur Kündigungsinitiative, ein Schritt in die richtige Richtung



Die Schweizerische Bankiervereinigung (SBVg) hat klar die Gegner der sogenannte Kündigungsinitiative unterstützt. Das Engagement hat sich gelohnt. Die Initiative wurde am 27. September 2020 deutlich abgelehnt.

September 24, 2020

Combating money laundering effectively


Combating money laundering effectively

23/09/20

The FinCEN files criticise international efforts to combat money laundering as insufficient. For Swiss banks, it is clear that a clean financial centre is key to being competitive. The Swiss Bankers Association (SBA) supports an effective and continuously improved system for combating money laundering and thus also the ongoing revision of the Anti-Money Laundering Act.

September 23, 2020

Top News

European stock exchanges world stock markets are trading higher this morning, with investors reacting to new economic data in Europe. European stock exchanges operate in positive territory, as well as New York futures indices.

European economic activity showed slower growth in September, with the purchasing manager index (PMI) Markit at 50.1, down from 51.9 seen in August. Even so, readings above 50 indicate expansion of activity. Prior to that, Spain revised its Gross Domestic Product forecast for a 17.8% drop in the second quarter compared to the previous period, less severe than the previous 18.5% drop estimate.

In Asia, markets closed higher, with the exception of Japan, where the Nikkei fell 0.06%. In China, Shanghai SE rose 0.17%, while Hong Kong's Hang Seng index advanced 0.11% and South Korea's Kospi rose 0.03%.

In the region, investors responded to comments made by Federal Reserve Chairman Jerome Powell on Tuesday. He said the Central Bank remains committed to supporting the economy for as long as necessary. In addition, he warned that the economy could slow down in the coming months without further stimulus from Congress.

International WTI oil futures (NYMEX: CL \ V20) are trading at $ 40.11, up + 0.78%. Brent (NYMEX: BZ \ V20) also operates at an increase of + 0.91%, trading at US $ 42.10.