Makro
Das grosse Bild für die Schweiz und die Eurozone: Wachstum, Handel, Arbeitsmarkt und die wirtschaftspolitischen Debatten dahinter.
French Bond Sell-Off Revives Euro Crisis Fears as Yields Hit Multi-Year Highs
France's soaring borrowing costs and a proposed budget of €43 billion in cuts and tax hikes have sparked severe market turmoil, driving the Franco-German yield spread to its widest level since 2012.
Swiss analysts anticipate higher inflation and rates while keeping growth outlook positive
A UBS-CFA survey shows a sharp shift in expectations for Swiss inflation and interest rates in September, yet analysts remain upbeat on medium‑term growth and equities.
SNB Holds Rates at 0% Amid Rising Inflation and Global Uncertainty
Swiss National Bank leaves policy rate unchanged at 0% while noting elevated inflation pressures and geopolitical risks.
Euro area sovereign yields rise as French debt risk spikes
French OAT yields hit 4.5% and CDS spreads surge to 2020 highs, while German yields stay near 3.2% after the ECB lifted rates to 2.5%, raising concerns over euro‑zone fiscal health.
FTSE 100 edges higher as UK borrowing data heightens Budget pressure
Sterling stabilizes and equities edge up as August public sector borrowing hits a record £18.3 billion, compressing Chancellor John Healey’s fiscal headroom ahead of the October Budget.
Euro Yields Hold Multi-Year Peaks as Crude Surges Ahead of Central Bank Decisions
German bunds stay near 13-year highs as Brent crude jumps to $112 a barrel on Middle East tensions, with Fed and ECB policymakers bracing for fresh inflationary pressure.
Swiss Economic Calendar: SNB Policy Update, Federal Votes, Roche Pharma Day This Week
The Swiss National Bank will release its balance of payments and monetary policy assessment this week, alongside federal votes on Sep 27 and earnings from firms including Hilti, Hilti and Roche.
SMI Expected Higher After Tuesday Loss; Markets Await Fed Rate Call
The Swiss Market Index opens in positive territory ahead of a widely expected 25-basis-point rate hike by the US Federal Reserve, while oil retreats and crypto stocks stumble on regulatory headlines.
Swiss asking rents fall for first time in five years
Newhome data shows a 1.7% drop in national listing prices from July 2025 to July 2026, led by sharp declines in Ticino and Zurich.
SMI Expected Lower as Oil Above $100 Weighs on Global Markets
Swiss index slides amid rising oil, inflation fears; Meta surges on AI launch while Asian stocks dip.
Swiss Economic Calendar: Sep 10–17 Covers Earnings, Inflation Data and Policy Meetings
Switzerland's key economic releases include BFS inflation figures, Repower and Helvetia Baloise half-year results, OECD country report, and UBS banking-law testimony before the Council of States.
Switzerland Raises 2026 GDP Growth Forecast to 1.7% as Franc Weakness Helps
SECO lifts 2026 growth projection to 1.7% from 0.9%, citing stronger-than-expected Q2 data and a weaker franc boosting exports.
Swiss Economic Calendar: SNB Policy Readings, Corporate Earnings Key This Week
Switzerland's economic and corporate calendar features SNB assessments, major results, and strategy launches across banking, real estate and industrials.
Macro calendar: ZEW, ADP, Empire State among key data releases Monday
The German ZEW survey, UK jobs data, French consumer prices, and US ADP and Empire State manufacturing reports round out the Monday schedule.
Swiss Economic Calendar: Data Releases, Earnings Due Sept 15-22
Switzerland’s weekly financial calendar features Austrian and Swiss inflation data, SNB balance-of-payments figures, and H1 earnings from Addex, Curatis, Newron and others.
Goldman Sachs and Deutsche Bank Offer Credit Baskets on French Election Outcome
Banks are marketing AT1 bond baskets and total-return swaps tied to France's April presidential vote, as political risk and a budget deficit above 5% weigh on French credit spreads.
Germany to Deploy Anti‑Sabotage Shield After Failed Drone Attack
Interior Minister Alexander Dobrindt announced a package of police, cyber and AI measures to protect airports, transport hubs and critical infrastructure from drone and sabotage threats.
Europe's sovereign yields diverge as France and Germany face higher deficits
Ten‑year bond yields in France and Germany are nearing 2007 highs, while Spain and Italy remain below 2023 peaks, reflecting differing fiscal outlooks across the euro area.
Eurozone business activity steady in August as services slow
Eurozone composite PMI held at 52.0 in August, matching July’s eight-month high, while services activity slipped to a two-month low. Germany led regional growth, France remained in contraction.
German economy seen on cusp of growth rebound through 2028
DIW and Bundesbank raise 2026 GDP forecasts to 1.2% and 1.0% respectively, citing stronger exports and reduced energy shock impact. Fragile recovery hinges on public spending as private investment lags.
Six EU net contributors push for deep cuts to €2 trillion budget plan
Germany, Austria and four other net contributors demand reductions of several hundred billion euros to the EU's 2028-2034 budget, citing national consolidation needs and rejecting further joint borrowing.
Swiss economic calendar: Aug 25–Sep 1, 2026
Half-year earnings reports from Swiss companies alongside key macroeconomic data releases and industry events next week.
Germany posts stronger-than-expected Q2 growth, Q2 deficit hits record €71.3bn
German GDP rose 0.3% in Q2, beating prior estimates, while the state deficit widened to €71.3bn in H1 due to defense and infrastructure spending. Analysts warn of rising debt costs amid weak tax revenues.
Brazil's jobless rate falls to 5.3% as employment hits record high
Unemployment in the three months to July dropped to 5.3%, the lowest since 2012, while the number of employed reached a record 103.3 million, IBGE data shows.