Consequently,
Amazing resilience swiss stock exchange:
How to explain the relative stability of the Swiss Stock Exchange despite the 39% customs. Consequently, duties imposed by the United States? Additionally, Consequently, Guest in Forum, Nannette Hechler-Fayd’Herbe from Lombard Odier Bank delivers her analysis.
It has not been blowing a panic wind on the Swiss stock markets since the entry into force of the. Meanwhile, 39% customs duties on Swiss products exported to the United States. Consequently, This may surprise, as these markets usually react strongly to the slightest news.
The Swiss Market Index (SMI) – The index of the main Swiss values – has even done better than the. other European clues.
>> Read also: Sealed by American customs duties. the Swiss scholarship loses more than 2%, before rebounding
Nannette Hechler-Fayd’Herbe, head of Europe and Middle East investments at the Lombard Odier bank, is surprised by the situation. “The feeling was not as amazing resilience swiss stock exchange negative on the scholarship as they may have been in the media. ” she notes in the RTS Forum program.
Still possible effects – Amazing resilience swiss stock exchange
According to her. the “phlegmatic reaction” of the Swiss scholarship can be explained by the fact that “more than half of the stock market index is not directly affected” and that many large Swiss companies already have local production in the United States for the US markets as well as in Europe where customs duties are set at 15%.
However, it is still too early to say that new American customs duties will have little effect, said Nannette Hechler-Fayd’Herbe. “These taxes will certainly have impacts on economic walking, such as a drop in growth in Switzerland concerning GDP.”
Good adaptability
The manager also points to the global resilience of the Swiss economy. “For years, Switzerland has had to overcome shocks, in particular on its exchange rate. We are used to adjusting and amazing resilience swiss stock exchange being more competitive. Switzerland has always managed to adapt its exports,” notes the manager.
“When Europe was in the European debt crisis, we turned to the United States. Now we are going to turn to emerging markets,” she said.
Interview by Thibaut Schaller and Julien Bangerter/IAR
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