Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3
- Creatore Discussione Joe Silver
- Data di Inizio
fidw99
100% perpetual
merito delle macchinette che ormai dominano i mercati...
pazzesca anche l'ondata sui mercati azionari europei...
molti saranno felici da questa rivalutazione,
ma credo che tra qualche giorno verranno fuori i cadaveri di hedge ed operatori che erano short e si sono ricoperti in automatico a livelli molto più bassi
londonwhale
Forumer storico
Folli le macchinette che hanno visto l'euro deprezzarsi e hanno fatto fare al mercato azionario -3%......
L'eurostoxx ha fatto in 1 ora 3100/3000/3100
L'eurostoxx ha fatto in 1 ora 3100/3000/3100
amorgos34
CHIAGNI & FOTTI SRL
folliaaaaaaaaaaaaaaa
NoWay
It's time to play the game
Però io davvero non capisco perché non vietino questi sistemi di trading...
Cat XL
Shizuka Minamoto
Oltre che impressionante sorprendente quando solo 10 giorni fa dicevano queste cose
CdT.ch - Svizzera - "La soglia di 1,20 è irrinunciabile"
Da ora in poi ci sara' un problema di credibilita' inusuale per la BNS.
"La soglia di 1,20 è irrinunciabile"
Il presidente della BNS Thomas Jordan interviene sul tasso di cambio franco-euro
La BNS potrebbe continuare a comprare illimitatamente valute per difendere la soglia minima franco-euro, ha aggiunto. L'annuncio fatto a metà dicembre di un tasso d'interesse negativo sui conti giro delle banche commerciali presso la Banca nazionale dovrebbe aiutare in tal senso. Oggi sui mercati finanziari l'euro era scambiato a 1,2015 franchi.
Ultima modifica:
Cat XL
Shizuka Minamoto
Eur/chf
Swiss Franc Rockets After SNB Scraps Currency Cap - WSJ
Swiss Franc Rockets After SNB Scraps Currency Cap
Central Bank’s Move Stuns Markets
By Tommy StubbingtonZURICH—The Swiss franc rocketed beyond parity with the euro on Thursday after Switzerland’s central bank stunned markets by scrapping its long-standing cap on the strength of the currency.
The franc surged more than 20%, ending more than three years of calm in Swiss foreign exchange markets. The Swiss National Bank has intervened in markets since September 2011 to prevent the franc climbing too high, acquiring billions of euros in an effort to stop the common currency dropping below 1.20 to the franc.In the aftermath of the SNB’s shock move, the euro plunged as low as CHF0.93.
“This is a very unexpected development,” said Vasileios Gkionakis, currency strategist at UniCredit . “This is a clear and significant divergence from the rhetoric so far of ‘enforcing the floor with utmost determination.’ Medium term I am worrying about the implications on SNB’s credibility…the change in language was very abrupt.”
“Everyone thought this floor would hold, now they have to think twice. The markets running through technical stops right now, it’s impossible to say in terms of levels where this will end,” said Geoffrey Yu, currency strategist at UBS . Mr. Yu said the SNB had been expecting massive inflows into the Swiss franc assets when the European Central Bank launches a large-scale bond-buying program—widely expected later this month. “The floor was going to be very hard to defend,” he said.
The impact reverberated throughout currencies markets, sending the euro plunging against the dollar to $1.1579, its lowest point November 2003. The dollar also shot higher more broadly, with sterling adding a cent to $1.53.
“The SNB is in a very difficult place and they have responded accordingly today. The potential volatility is huge now. I’m surprised with the timing but the pressure was high,” said Lisa Scott-Smith, a portfolio manager at Millennium Global.
The Swiss National Bank introduced the currency floor in September 2011 to head off deflation. Reuters
Swiss stocks dropped by 7%. The blue chip Swiss Market Index dropped 6.7% to trade at 8577. The big banks are hit hard, with UBS AG dropping 9.6%, and Credit Suisse AG 8.4% Other big losers are Swatch Group Ltd , down 6% and Richemont Compagnie Financiere, down 9%. It is “difficult to estimate exact impact of stronger franc on Swiss banks’ earnings,” said analysts at Berenberg bank.
“The appreciation of the franc now means lower import prices, increasing downward pressure on Swiss inflation, and will challenge Swiss exporters’ competitiveness, at least for those exports going to the Eurozone,” said Evelyn Herrmann, an economist at BNP Paribas .
The SNB also raised the fees it charges banks to deposit money. It said it would lower its 3-month Libor target range to -1.25% to -0.25% from -0.75% to 0.25%, effective immediately.
—Chiara Albanese, Peter Nurse and Neil MacLucas contributed to this article.
Write to Tommy Stubbington at [email protected]
<LI class=tri><LI class=menu-header>Text Size<LI class="option regular selected">Regular<LI class="option medium">Medium<LI class="option large">Large
<LI class=tri><LI class="icon google sharrre" data-text="Swiss franc rockets after SNB scraps currency cap" data-total="" data-url="http://live.wsj.com/articles/undefined">Google+ <LI class="icon linked sharrre" data-text="Swiss franc rockets after SNB scraps currency cap" data-total="" data-url="http://live.wsj.com/articles/undefined">LinkedIn <LI class=border><LI class="icon print">Print
Swiss Franc Rockets After SNB Scraps Currency Cap - WSJ
Swiss Franc Rockets After SNB Scraps Currency Cap
Central Bank’s Move Stuns Markets
By Tommy StubbingtonZURICH—The Swiss franc rocketed beyond parity with the euro on Thursday after Switzerland’s central bank stunned markets by scrapping its long-standing cap on the strength of the currency.
The franc surged more than 20%, ending more than three years of calm in Swiss foreign exchange markets. The Swiss National Bank has intervened in markets since September 2011 to prevent the franc climbing too high, acquiring billions of euros in an effort to stop the common currency dropping below 1.20 to the franc.In the aftermath of the SNB’s shock move, the euro plunged as low as CHF0.93.
“This is a very unexpected development,” said Vasileios Gkionakis, currency strategist at UniCredit . “This is a clear and significant divergence from the rhetoric so far of ‘enforcing the floor with utmost determination.’ Medium term I am worrying about the implications on SNB’s credibility…the change in language was very abrupt.”
“Everyone thought this floor would hold, now they have to think twice. The markets running through technical stops right now, it’s impossible to say in terms of levels where this will end,” said Geoffrey Yu, currency strategist at UBS . Mr. Yu said the SNB had been expecting massive inflows into the Swiss franc assets when the European Central Bank launches a large-scale bond-buying program—widely expected later this month. “The floor was going to be very hard to defend,” he said.
The impact reverberated throughout currencies markets, sending the euro plunging against the dollar to $1.1579, its lowest point November 2003. The dollar also shot higher more broadly, with sterling adding a cent to $1.53.
“The SNB is in a very difficult place and they have responded accordingly today. The potential volatility is huge now. I’m surprised with the timing but the pressure was high,” said Lisa Scott-Smith, a portfolio manager at Millennium Global.
The Swiss National Bank introduced the currency floor in September 2011 to head off deflation. Reuters
Swiss stocks dropped by 7%. The blue chip Swiss Market Index dropped 6.7% to trade at 8577. The big banks are hit hard, with UBS AG dropping 9.6%, and Credit Suisse AG 8.4% Other big losers are Swatch Group Ltd , down 6% and Richemont Compagnie Financiere, down 9%. It is “difficult to estimate exact impact of stronger franc on Swiss banks’ earnings,” said analysts at Berenberg bank.
“The appreciation of the franc now means lower import prices, increasing downward pressure on Swiss inflation, and will challenge Swiss exporters’ competitiveness, at least for those exports going to the Eurozone,” said Evelyn Herrmann, an economist at BNP Paribas .
The SNB also raised the fees it charges banks to deposit money. It said it would lower its 3-month Libor target range to -1.25% to -0.25% from -0.75% to 0.25%, effective immediately.
—Chiara Albanese, Peter Nurse and Neil MacLucas contributed to this article.
Write to Tommy Stubbington at [email protected]
<LI class=tri><LI class=menu-header>Text Size<LI class="option regular selected">Regular<LI class="option medium">Medium<LI class="option large">Large
<LI class=tri><LI class="icon google sharrre" data-text="Swiss franc rockets after SNB scraps currency cap" data-total="" data-url="http://live.wsj.com/articles/undefined">Google+ <LI class="icon linked sharrre" data-text="Swiss franc rockets after SNB scraps currency cap" data-total="" data-url="http://live.wsj.com/articles/undefined">LinkedIn <LI class=border><LI class="icon print">Print
Similar threads
- Bloccata
Obbligazioni perpetue e subordinate
Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 2
- Bloccata
Obbligazioni perpetue e subordinate
Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 1
