The polls and the market got it all wrong “Again”. From the start of his run as a republican candidate to the final minutes of his campaign, Donald Trump was never really taken as a serious contender to the white house, and here we are. In the face of the surprise, equity markets corrected over 5% during the night with US futures temporarily suspended
Credit Suisse posted a surprise profit of 41 million Swiss franc, while the market consensus was expecting a loss of 150 million, yet the stock opened 3% lower at the open and continued falling throughout the session.
After the big surprise of Brexit, anything seems possible. However, the presidential election in the United States is hardly comparable to the British referendum. The United Kingdom’s electorate consists of a large dominant block of white voters (94%), while in the US, there is much more diversity amongst voters with 30% ethnic minorities.
On November the 8th, the Election Day, the whole world will be focusing on the United States. But where do Hillary Clinton and Donald Trump stand on the main issues? And what are the potential effects of Clinton or Trump presidency? An overview.
The ECB did not announce changes to its monetary policy last week. Draghi also gave no indication as to possible future action, as he often used to do, and has categorically refused to comment on any potential evolution of the QE program (purchase of stocks, bank bonds or even helicopter money).
The shares of Europe’s third largest insurer dropped by more than 40% in the space of a year from March 2015 to March 2016. The return of Mario Greco to the position of CEO in early March seems to have marked a significant turning point.
Long regarded as the jewel in the crown of Swiss telecoms, Swisscom is under pressure from growing competition and a saturated market. Swisscom shares have fallen by more than 20% since the peak of 2014 and by 7% since the beginning of the year compared to its direct competitor Sunrise, up 16% in 2016. The “blue giant” has certainly reached a size which reduces its potential for growth, but its revenues are stable, and its dividend of almost 5% makes it an attractive investment.
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