Spain’s economy exhibits vigorous growth
Having bitten the bullet of austerity and reform, Spain has turned the corner. While much remains to be done, the country’s recovery serves as an example for other problem
children of the euro zone. But as in other fragile economies of the European “periphery”, any further improvement will depend on whether voters will continue to support the
Market comment October 2015
Switzerland is still resilient, thus far
While turbulences in financial markets – partly due to the bursting of a Chinese equity bubble and the yuan’s devaluation – are making headlines, Switzerland’s economy seems to have weathered the sharp revaluation of the Swiss franc thus far, underlining the country’s resilience. Likewise, we believe the global economy will be reasonably resilient to the current headwinds blowing from emerging markets.
Market Comment September 2015
LUCERNE FESTIVAL in Summer 2015
Congratulations to the LUCERNE FESTIVAL on the successful opening of the 2015 Summer Festival.
Vontobel’s half-year results 2015
Vontobel attracts strong inflow of new money of CHF 6.4 billion – growth and enhanced efficiency result in 33% rise in net profit and a return on equity of 13.6% – 52% increase in earnings per share – strong capital position after acquisition of majority stake in TwentyFour Asset Management and share buyback.
The Chinese giant is making less headway
China’s rise to a global heavyweight has been a defining feature of the global economy. Until recently, investors have been used to staggering GDP growth rates seemingly defying the law of gravity. We believe that the Chinese stock market still has potential while acknowledging that the world’s second-largest economy is facing major challenges.
Market Comment April 2015