Trade Finance

The new (political) deal: buy!

Despite some concerns around the start of last year, and the political shocks that unfolded over the course of the past 12 months, 2016 actually turned out to be quite a good year for investors, with most asset classes rising in value. But what can we expect over 2017, and how should investors approach the coming year? In this short outlook document we outline what we expect over the year ahead and set out what we believe could be the best-performing asset classes in each of our main scenarios.

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Are you ready for FINFRAG? (By Point Nine)

After the 2007/2008 crisis that led the financial markets to chaos, there was an urge for the implementation of regulatory reforms to recreate a stable and efficient financial system. In reaction, the U.S.A. passed the of Dodd-Frank Act in 2010, and the European Market Infrastructure Regulation (“EMIR”) in 2012 in the US and EU respectively are some examples of how the Regulators aim to set strict rules for the entire financial system in view of avoiding another crisis.

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UBS, Amazon unit to create digital financial expert

UBS and Amazon are teaming up to test a digital tool which could help investors to choose their financial strategy. The project is an endeavor by the UBS Wealth Innovation Lab in Zurich, led by Dave Bruno, the bank said in a statement on Thursday.
"Amazon Alexa" will be the digital voice of "Amazon Echo", an hands-free speaker, and will answer over financial questions made by customers. The iniziative will be tested on November with a "select group", the bank didn’t reveal other details.

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A low point in the rates?

In September, the main focus was once again the central banks, the ECB first of all, then the Bank of Japan and the Fed. Expectations were high in all three cases. To announce additional monetary easing in the first two, and guidance on anticipations and credibility in the third. The first two disappointed the market, announcing measures that fell well short of investor anticipations. Already in July, the BoJ opted to keep things as they stood even though a large proportion of investors expected to see further monetary easing. The Fed, for its part, struggled to overcome internal divisions and look beyond a month-by-month horizon, at the risk of making mistakes in its growth projections and damaging its credibility.

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Adienne stops Swiss IPO for bad market conditions

The Ticino-based pharmaceutical group Adienne reverses, and will not enter the stock market, contrary it had announced recently. "Adienne confirmed today that due to adverse market conditions it has put its intention to proceed with an IPO on hold until further notice," an Adienne spokesman said to Reuters.

After two weeks, when CEO Di Naro Antonio said in a statement that "I am very pleased to quote Adienne on the SIX Swiss Exchange, certainly helping to strengthen the international presence of the company", the climate has definitely changed .

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Standard and Poor’s upgrades Russia rating to stable

Standard & Poor’s upgrades Russia’s outlook. Analysts believe that GDP should increase by 1.6% for the next three years, despite the sanctions imposed by Europe to Moscow to the Ukrainian question. "The exogenous risks for Russia – the note reads – have been reduced significantly in a context in which the economy of the country comes to terms with the double shock linked to lower oil prices and sanctions imposed by the European Union and the United States ".

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