Swiss entrepreneurs are increasingly worried about economy

Noam Stiekema

The expectations of the Swiss business are moving on negative territory in September for the first time since January last year, when the market is becoming more pessimistic about the impact of geopolitical tensions on growth in the euro area – the main export market of the Alpine country. The index for expectations of investors […]

Swiss

SwissThe expectations of the Swiss business are moving on negative territory in September for the first time since January last year, when the market is becoming more pessimistic about the impact of geopolitical tensions on growth in the euro area – the main export market of the Alpine country. The index for expectations of investors and analysts fell to -7.7 points, which is the lowest level since December 2012. In August was reported at 2.5 points. The negative result indicates that more participants expect the economic outlook to deteriorate rather than improve.

Equivalent measure for Germany ZEW – the number one market for Swiss goods fell for the ninth consecutive month in September, according to data released Tuesday. The prospects for the largest economy in Europe weakened amid doubts about growth in the euro area and the impact of sanctions against Russia.

The assessment of the current state of the Swiss economy also weakened in recent months, despite of the good Marketing and Sales Recruitment, the index dropped to 25.6 points this month by 45 points in August. However, the proportion of analysts who expect the economy to grow by 1.5-2% in the next three to five years is stable – about 44%. Later this week the Swiss central bank will hold its traditional monthly meeting, during which will review the monetary policy. Institution is expected to lower its forecast for growth to about 2% this year. The analysts expect it to keep interest rates near zero, and reiterated his pledge to maintain a minimum threshold of 1.20 CHF per EUR imposed in September 2011.

A grim economic outlook has forced more than 90% of the analysts expect to see stability in the short-term interest rates in Switzerland over the next six months, especially after the European Central Bank shrank again their rates earlier this month.

Read this next

Institutional FX

Appital launches liquidity creation functionality for buyside

“In today’s fragmented market, the likelihood of having natural market contras at size, in multiple days ADV, which also match price ambitions, is incredibly unlikely. What’s more, matching technology alone is no longer enough.”

Crypto Insider

Shiba Inu Secures $12 Million Investment to Advance its Blockchain Technology and Expand Global Ecosystem

Shiba Inu, an expansive digital assets ecosystem constructed on the Ethereum blockchain, featuring the globally recognized cryptocurrency $SHIB, today proudly announced securing a $12 million investment.

Retail FX

99.81% of NAGA shareholders approve merger with CAPEX.com

“Securing this vote will allow us, after the regulatory approvals for the merger, to execute the new business plan. We are expanding the global reach of NAGA and upgrading the SuperApp to offer a true all-in-one user experience, unique in the world of Fintech.”

Market News

Chinese Insurance Giant Leads Market in Face of US Tech Slump

Chinese insurer China Pacific Insurance has emerged as a standout performer amidst the recent flurry of activity in the Asia Pacific markets, capturing the attention of investors and traders alike.

Retail FX

Public strikes deal to acquire Stocktwits

“After launching bonds, a high-yield cash account, and options trading, Public’s platform has earned the right to be the primary brokerage platform for many investors, and we look forward to offering the full breadth of our platform to Stocktwits customers.”

blockdag

BlockDAG’s Impressive 30,000x ROI Potential and Moon-Based Keynote Captivate Solana And Bitcoin Cash Crypto Investors

Discover BlockDAG’s impressive moon keynote launch and its promise of a 30,000x ROI that is drawing investors from Solana and Bitcoin Cash.

Market News

This is it, the USD Strength has Come to an End

In the aftermath of Israel’s retaliatory strikes in Iran, the currency markets have entered a phase of heightened volatility, reflecting the intricate interplay between geopolitical tensions and economic fundamentals.

blockdag

BlockDAG Leads DeFi Innovation with $19M Presale, Overshadowing Cardano and Binance Coin With 30,000x ROI and DAG Structure

Learn about BlockDAG’s growth in its presale, surpassing $19M, and its impact on the DeFi landscape, overshadowing movements in Cardano and Binance Coin (BNB).

blockdag

BlockDAG Offering a Fresh Take on Meme Coin Development Amid Solana’s Challenges and Floki Inu’s Price Fluctuations With 30,000x ROI

Dive into how BlockDAG’s innovative presale, low-code platforms, and potential 30,000x ROI, outperform Solana’s technical hurdles and Floki Inu’s market predictions.

<