{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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.
Central Bank Actions
SubCategory
11:15 28.10.2024
06:09 28.10.2024
Euro
Deutsche Bank Aktiengesellschaft
Commerzbank AG
DEU
USA
FRA
Joachim Nagel
Francois Villeroy de Galhau
Vincent Stamer
Robin Winkler
Thomas Gitzel
Show more
14:30 25.10.2024
Trending
Subcategory:
Stock Market Updates
Industry Trends
Corporate News
Banking Regulations
European Securities and Markets Authority
Global Financial Events
Finance Mergers & Acquisitions
Market Analysis and Predictions
Central Bank Actions
Supply Chain Management
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Retail and Consumer Goods
Cryptocurrency Trends
Cryptocurrency Markets
CEO Changes
Corporate Social Responsibility
Foreign Exchange Rates
Real Estate Investments
Workplace Trends
Countries:
Companies:
Currencies:
People:
Apple Inc.
Spotify Technology S.A.
Michelin
Credit Suisse High Yield Bond Fund, Inc.
Samsung Biologics Co.,Ltd.
SAP SE
Tesmec S.p.A.
UBS AG
UBS Group AG
SentinelOne, Inc.
Taiwan Semiconductor Manufacturing Co Ltd
JPMorgan Chase & Co.
Coinbase Global, Inc.
Berner Kantonalbank AG
Basellandschaftliche Kantonalbank
Continental AG
Continental Aktiengesellschaft
SIEMENS HEALTHINEERS
LENOVO GROUP
CrowdStrike Holdings, Inc.
United States Dollar
Euro
Swiss Franc
Chinese Yuan
British Pound Sterling
New Zealand Dollar
Australian Dollar
Singapore Dollar
Indonesian Rupiah
New Taiwan Dollar
South Korean Won
Vietnamese Đồng
Danish Krone
Canadian Dollar
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.