THE SNB COULD ALREADY GO NEGATIVE IN JUNE 2/3

18 Jun

THE SNB COULD ALREADY GO NEGATIVE IN JUNE 2/3

Posted by BearBull Group In Investment Insight 0 comment

Leading indicators for the Swiss economy remain mixed. The manufacturing sector continues to struggle, with its PMI dropping to a 5-year low, while the services sector shows resilience. Consumer confidence has improved slightly but remains pessimistic, and retail sales are subdued.

Key Points

A surprisingly robust first quarter for the GDP
High risks of growth slowing in Q2
More nuanced and contrasting leading indicators
CPI and PPI indices point to deflation
SNB could move into negative rates in June
SNB may trigger weakening of the franc
Long-term yields approach zero again
Growing risks for Swiss equities

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