July 2018

Traditionally Boeing and Airbus announced their new deals on supply of commercial airplanes during Farnborough Air Show, Reuters reports.

So far two companies reached the deals accounting for more than $100 billion.

Dollar continues rising after US Fed signaled about stable growth of US economy. Bloomberg Dollar Spot gained another 0,4% today.

Meanwhile, world shares are falling. Stoxx Europe 600 lost 0,2%, German DAX 0,3%. Asian-Pacific Index MSCI declined by 0,6%. Euro fell by 0,3% to $1,16.

Oil is trading at level below $69 a barrel, since investors evaluate news about demand growth in the largest economy in the world, as well as confusing data on inventories in the US, Bloomberg reports.

If you think about Switzerland, most of us think about luxury watches, skiing holidays, tasty cheese, fine chocolate, and, of course, banking. And that's right. Because the finance industry, that is banking, asset management and insurance, counts for about 14% of Switzerland's gross domestic product (GDP 2016; including secondary effects) and is one of the largest Swiss economic sectors.

While Brent oil fell almost 9% last week, Stoxx Europe 600 Oil & Gas lost just 4%, Bloomberg reports. The reason is in measures that companies had taken during 2014-2016 to survive in low priced environment and that help them to withstand price correction now.