01
Dec
Favourable outlook for Swiss financial assets
The Swiss economy is slowing down. Risk of recession. Signs of stabilisation of inflation. Monetary policy to be tightened soon. Yield spreads favourable to the Euro. Yields stabilising. Still positive outlook for equities.
Key points
- Swiss economy slows down in Q3
- Domestic demand provides greater support to GDP
- Leading indicators still falling
- Inflation stabilisation becomes a reality
- The SNB should gradzally adjust its policy
- Spread increasingly unfavourable to the Swiss franc
- Bond yields remain relaively attractive
- Swiss equitis likely to lose momentum
