Clock ticking for Trump to strike deal with China
With just 15 months left until the end of his term and his reelection campaign already underway, U.S. President Donald Trump is under pressure to come to a trade agreement with China that he can present as one of his achievements, argues Marcel Zutter, co-founder and chairman of Parsumo Capital. This pressure makes his situation different to that of his Chinese counterpart, Xi Jingping, he adds.
Aluflexpack: the latest IPO in Switzerland
Packaging manufacturer Aluflexpack is the latest company to go public in Switzerland. CFO Johannes Steurer says that following its debut on the Swiss stock exchange, Aluflexpack plans to expand in high-growth niches including coffee capsules and stand-up pouches.
BlackRock: This is what we expect from the G-20 summit
Leaders from the G-20 are set to meet in Osaka, with all eyes on Chinese President Xi Jinping and U.S. President Donald Trump and whether they can reach a trade agreement. “The best we can hope for is getting nearer an agreement where tariffs would be abolished again,” says Martin Lück, regional chief investment strategist at BlackRock. But this, he says, would only scratch the surface of the larger issues between the two countries.
The main reasons why people complain about Swiss banks
These are troubling times for bank customers with zero interest rates the new norm. And now the Swiss Banking Ombudsman resolved 1,926 disputes between customers and their banks in 2018, 15 percent of them regarding fees. But according to Marco Franchetti, some of the complaints were just plain “strange.”
Lucatelli: “A Swiss digital currency could be an export success”
The Swiss stock exchange wants the Swiss National Bank to issue a digital coin. For Adriano Lucatelli, co-founder and CEO of Descartes Finance, this would be a good move for Switzerland. In his view, a “digital Swissie” could be a successful export product like “chocolate and cheese.”
SGKB sees franc hitting parity with euro in 5-10 years
The Swiss franc could hit parity with the euro within 5 to 10 years if it continues to appreciate by around 2 percent a year, says Thomas Stucki, CIO of St. Galler Kantonalbank. He adds that the speed at which the franc appreciates, rather than the level, will be the bigger deciding factor for the Swiss National Bank on when to intervene. But, he says, if it sinks below 1.07 then it can pose a challenge to the economy.
Switzerland and EU at a stand-off
Even though Dan Scott, deputy chief investment officer at Vontobel Wealth Management, expects Swiss stocks to lose access to EU markets, he’s not losing any sleep over the “non-event.”
Lombard Odier: A cautious outlook for Swiss investors
Amid various trade disputes, Johan Utterman, head of Swiss equities at Lombard Odier Asset Management, sees some Swiss large and medium caps well-positioned in case of an economic downturn, especially companies in the tech sector.
Aviva Investors: positive outlook for emerging markets
Despite the uncertainties regarding global growth and the weakening of the U.S dollar, Liam Spillane, head of emerging markets debt at Aviva Investors, sees a positive outlook for fixed income in emerging markets.