Sustained economic growth. 10-year high on inflation. Long rates look set to recover. Renewed weakness for the Swiss franc. Swiss equities are depressed but wavering.
- The +0.6% rise in GDP in the 1st quarter confirms the trend from the end of 2017
- A buoyant 2018 for the Swiss economy
- GDP growth could exceed +2.2%
- Leading indicators point to a loss in momentum
- Climate still positive for private spending
- Boost expected for foreign trade
- New period of weakness for the Swiss franc
- Inflation once again hit 1% in May
- Is this the end of micro-movements on long rates?
- Interest rate differential likely to rise
- Attractive valuations for Swiss equities
- Opportunities to reposition in a temporarily depressed market