Swiss investor sentiment indicator falls to -3.4 in August
April 28 (Reuters) -The Swiss investor sentiment index fellby 12.8 points in August to -3.4 points, UBS, which issues the indicator in cooperation with the CFA Society Switzerland, said on Wednesday.
UBS said the UBS CFA Society Switzerland Indicator slipped into negative territory, reflecting more pessimistic expectations among analysts regarding Swiss economic growth over the next six months.
"According to the latest survey, analysts see a 68% probability that the SNB will cut its policy rate by at east 25bps in September," it added.
KEY NUMBERS
(points)
AUGUST 2024 | JULY 2024 | AUGUST 2023 | |
Expectations (investor sentiment) | -3.4 | +9.4 | -38.6 |
Current conditions | +13.3 | +12.5 | +13.6 |
Reporting by Ozan Ergenay in Gdansk
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