Infrastructure

11:51 AM
Connect Directly
Facebook
LinkedIn
RSS
E-Mail
50%
50%

Swiss Economy on Fire and Aussie Dollar Goes on Sale

The Swiss jobless rate of 3 percent beat analyst estimates in June, while GDP was modest but positive, defying the drag from the Euro region.

The Swiss State Secretariat for Economic Affairs reported a jobless rate in June of 3 percent that beat analyst estimates at 3.1 percent. In addition this represents the 4th month in a row that the Swiss have seen a lower jobless rate, down from a high of 3.4 percent in January. The lowest rate the Swiss have ever seen in history was the staggering 1.6 percent jobless rate reported in November of 2000, right at the end of the technology and dot com bubble of the late 1990’s. In addition, at 99.24, the Consumer Price Index in Switzerland has also seen four months in a row of higher figures.

Furthermore, recent Swiss retail sales figures were up more than expected to 3.35 percent from a year ago. However, GDP growth has been modest at about 1 percent. Yet, when taking into account the drag that the Swiss economy has felt from overall weakness in the Euro region, a positive GDP is still impressive. Especially, when considering that Germany, the economic powerhouse of Europe is only registering a flat to +.3% GDP growth rate and even Austria, another economic muscle of Europe has seen a slightly contracting GDP.

Alexander Fleiss serves as Chairman and Chief Investment Officer of Rebellion Research Partners LP, a Global Macro hedge fund and financial advisory that invests across all asset classes and is based in New York. Mr. Fleiss also oversees the firm's institutional research ... View Full Bio
Comment  | 
Print  | 
More Insights
More Commentary
Moving the Trader Closer to the Investment Process
The sell side can demonstrate more value by applying analytics to pre- and post-trading, and by educating buy-side clients about broker segmentation, trading behavior and algorithm shortcomings, and more.
Wirehouses May See More Independent BDs as Retention Packages Expire
Retention bonuses are expiring, leaving brokerages vulnerable to attrition. Is access to technology making it easier for brokers to go independent?
SCI: A Whale of a Regulation
The SEC's Reg SCI weights in at a whopping 742 pages. Here is what you need to know about the oversized regulation.
One Size Fits Nobody in End User Services
How building profiles from employees' roles and behaviors can help optimize your end user services.
'Enlightened' Non-IT Execs More Likely To Run Secure Organization
Do senior executives understand their role in data security? On the whole, unsurprisingly, no.
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8, October 2014
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
7 Unusual Behaviors That Indicate Security Breaches
7 Unusual Behaviors That Indicate Security Breaches
Breaches create outliers. Identifying anomalous activity can help keep firms in compliance and out of the headlines.