The Swiss stock market declines still further: On the last trading day before Christmas, the leading index SMI has fallen to its lowest level this year. Debt, the interest rate policy of the American Central Bank.
stop The disappointment that the US Central Bank will raise, despite all the warning signs and numerous risks, interest rates, commented an Analyst. Also the nervousness is great. Investors are days after this weak year on the stock market before the celebration even more risk-averse than usual.
In the United States, the policy is making headlines. So US President Donald Trump in the fight showed against a threat of a government standstill hart: He's not going to hold no financing law, if it is the "perfect border security" leg. It is a border wall with Mexico.
in Addition, U.S. Secretary of defense James Mattis has the nose of Trump and resigned. The Trump's order to Retreat from Syria has brought the barrel to Overflowing.
With the emergence of the turmoil in the White house because of the threat of a Government shutdown, a further risk factor is added to the well-known political crises, such as the Brexit and the trade dispute between the USA and China.
On Friday, investors must also expect, once again, with greater fluctuations, as it is the witches ' Sabbath. To the futures exchanges, futures contracts on stocks and indexes expire on this day.
In the first two hours of trading on the Swiss Market Index (SMI) lost 0.7 percent to 8'358 points. So he fell below the previous year's low of 8'373 points in June. The heavyweights Novartis (-1.4 percent), Roche (-0.9 percent) and Nestlé (-0.8 percent) burden, the Index is particularly strong. For once, Swisscom shares were among the losers at the top (-1.8 percent).
much better for the banks, which had been plucked the day before, massively talked about it. So, the Credit Suisse share price rose by 0.2 percent, while Julius Baer was quoted even 0.6 percent higher. The UBS share was only wafer-thin in the Minus.
The Swiss stock exchange is located, however, in good company: in Europe, the stock markets under pressure. The German DAX dipped 0.7%, the Paris stock exchange by as much as 1.1 percent.
British economy between the high – relief in sight
Despite the uncertainty due to the approaching Brexit, the UK economy in the third quarter of strong growth. The gross domestic product (GDP) increased from July to September, quarter-on-quarter by 0.6 percent, the statistics office the ONS on Friday and confirmed an earlier estimate. The UK was far better than the other two large Euro area countries: The German economy shrank due to problems in the auto industry, by 0.2 percent, and France achieved a Plus of 0.3 percent.
However, the Brexit is already casting its shadow. "In the longer term, the picture remains subdued, and the investments of the company have now fallen for three consecutive quarters," said ONS statistician Rob Kent-Smith. Such a long losing streak, it was last on the peak of the global financial crisis in 2009. The household expenditure statistics, according to the eighth quarter in a row more than they earned. The kick-starting the economy. However, the question of how sustainable it was, Kent-Smith said.
the UK wants to leave at the end of March 2019 from the EU. Central Bank chief Mark Carney warns in case of an uncontrolled exit before the massive consequences for the economy. This could cause greater damage than the financial crisis ten years ago. Prime Minister Theresa May had recently dropped off a vote on the EU agreed to divorce procedures, since no majority emerged in the Parliament. The government is now preparing to focus on the possibility of a disorderly Brexit. (ij/SDA/Reuters)
Created: 21.12.2018, 11:23 PM