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Financial News: Swiss Investor Confidence Rises For Second Month

Swiss Investor Confidence Rises For Second Month

10/25/2017 - 07:30:00 (RTTNews)

(RTTNews) - Switzerland's investor confidence improved for a second straight month in October to its second highest level since the start of 2014, survey data from Credit Suisse and the CFA Society Switzerland showed Wednesday.

The Credit Suisse CFA Society Switzerland Indicator, which measures the expectations of financial analysts for the Swiss economy in the next six months, climbed for the second time in a row to reach 32 points, the second highest level since January 2014.

Previously, the index was higher in July at 34.7 points.

The survey showed that 36 percent of those surveyed expect a further improvement and 60 percent saw no change in the economic situation in Switzerland in the next six months.

The current situation of the Swiss economy was also rated positively by 48 percent of the survey participants, the highest percentage since July 2014.

Further, the report said the financial analysts are expecting a further depreciation of the CHF versus the EUR and USD and increasing equity prices in Switzerland.

The survey was conducted between October 9 and 19.

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