14
Jun
Swiss inflation falls into line: a key factor in the rise of financial assets
Good economic growth in Q1 (+0.5%). Inflation (+1.9%) in sharp decline and already below SNB target. End of rate hike cycle in sight. Opportunities in bond markets. Bullish revival for equities.
Key points
- Swiss economy surprises on the upside with +0.5% GDP growth in Q1
- Domestic demand and exports underpin GDP
- Leading indicators still very uncertain
- Inflation falls below SNB target
- Status quo now a possibility for the SNB
- Spead trends unfavorable to the franc
- New opportunities for the bond segment
- Renewed uptrend in equities
