{ }
The Swiss National Bank (SNB) is projected to report a profit of CHF 5 to 10 billion for Q3 2024, driven by strong bond and equity markets and rising gold prices, despite losses from currency movements. With a total profit expected to reach around CHF 70 billion by the end of October, distributions to the Confederation and cantons appear likely. However, long-term distributions may be constrained by current provisioning rules and market volatility.
The Swiss National Bank (SNB) is expected to report a profit of CHF 5 to 10 billion for Q3 2024, bolstered by strong stock market performance despite significant currency losses. UBS anticipates that this profit could lead to distributions to the Confederation and cantons, although future distributions may be challenged by the current provisioning rules and potential exchange rate fluctuations.
The SMI closed higher, with Sonova experiencing significant gains, while Wall Street showed firmness. In Asian currency trading, the yen fell to 153.55 per US dollar amid political shifts, with analysts predicting a potential rise to 155 yen as the Bank of Japan deliberates on interest rates. The dollar also strengthened against the yuan and Swiss franc, while the euro remained stable against the dollar.
Falling interest rates in the eurozone are failing to stimulate the economy, which is showing signs of contraction, particularly in Germany and France. The Purchasing Managers' Index indicates a downturn, with concerns of a potential recession looming as demand weakens and uncertainty grows over the impact of the upcoming US elections.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

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

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.