Swiss Equities Rise as Japan Faces Inflation Pressure and Currency Fluctuations

Swiss equities have demonstrated resilience, particularly in the financial and consumer sectors. UBS, Logitech, and Givaudan have experienced gains, while Swatch and Lonza have faced declines.

In Japan, wholesale prices have increased for three consecutive months, driven by rising costs for food, non-ferrous metals, and plastic goods. This trend is putting pressure on the Bank of Japan to consider raising interest rates, especially after a 3.6 percent increase in October. Takeshi Minami, chief economist at Norinchukin Research Institute, has noted that although consumer spending remains sluggish, real wages are stabilizing, indicating a potential interest rate hike in December.

In currency markets, the dollar has decreased by 0.3 percent against the yen, trading at 151.54, while it has slightly gained against the yuan at 7.2477. The dollar has also marginally strengthened to 0.8831 francs against the Swiss currency. Meanwhile, the euro has remained stable at 1.0530 dollars and has seen a slight increase to 0.9298 francs.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings