The first Federal Reserve monetary policy meeting chaired by Janet Yellen will reduce the Fed’s monthly pace of asset purchases by another $10 billion, economists project.
German stocks advanced, following their biggest decline in more than two weeks, as a gauge of European carmakers advanced.
The Swiss central bank today may keep borrowing costs on hold as the franc’s surge prevents policy makers from raising rates to fight inflation threats.
Switzerland’s economy expanded more than economists expected in the third quarter, with exports helping it perform better than neighboring Germany.
Switzerland’s economy probably kept growing in the first quarter as domestic demand and the central bank’s currency cap kept at bay the recession afflicting many of its neighbors.
Swiss consumer prices increased less than economists forecast in April, giving the central bank room to keep borrowing costs on hold next month.
Swiss economic growth unexpectedly accelerated in the first quarter to the fastest pace in 1 1/2 years, led by consumer demand.
Swiss stocks rose for a fourth day after Federal Reserve minutes showed some U.S. policy makers wanted to add to economic stimulus measures.
Switzerland’s consumer confidence increased to the highest in a year in April, as households grew more optimistic about the economy and the labor market.
Swiss stocks climbed, posting their biggest weekly rally since July 2009, after a U.S. report showed the unemployment rate in the world’s largest economy unexpectedly fell in November.
"Our official forecasts go until end 2015."
- Reto Huenerwadel on Mar 15, 2014