UBS CFA Indicator: Turning point thanks to trade deal

• The UBS CFA Society Switzerland Indicator climbed by 19.9 points to +12.2 in November, reaching its highest level since January of this year.
• Analysts’ expectations regarding export dynamics have brightened significantly after Switzerland and the US signed a joint declaration of intent for a trade agreement.
• The survey suggests that the SNB is unlikely to adjust interest rates at its monetary policy assessment in December.

 

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