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Is there hope for those who have a Swiss franc loan?
"Over the last few months, the franc has been clearly appreciating both on the global market and versus the zloty. However, the Swiss National Bank’s meeting on Thursday may bring a glimmer of hope for those who are repaying loans denominated in the franc. Why?" asks Marcin Lipka, Conotoxia Senior Analyst.
Humiliation day for China. The market ignores the real customs war and makes a mistake
"The United States has announced a new round of customs duties on Chinese goods, as well as an action plan in the event of retaliation by China. Investors clearly do not want to take off their rose-coloured glasses and are not concerned about further reports on foreign trade. This is a serious mistake," writes Marcin Lipka, Conotoxia Senior Analyst.
Swiss employees earn amounts that others can only dream about
"Earnings in Switzerland are breathtaking. More than 90% of full-time employees receive more than 4,000 CHF a month and the most common amount is 6,502 CHF, according to data from the Federal Statistical Office. Wages exceeding 8,000 CHF are also not unusual," writes Marcin Lipka, Conotoxia Analyst.
The Turkish economy has already derailed
"The Turkish economy grew by 5.2% in the second quarter of this year. This surprisingly fast GDP growth will soon go down in history. Turkey is on the verge of a recession, as suggested by leading indicators, rampant inflation and a powerful currency crisis. It’s unlikely that anything can stop the coming collapse," writes Marcin Lipka, Conotoxia Senior Analyst.
Diesel will be the most expensive in 4 years, but not because of Florence
"The powerful hurricane Florence, which is approaching the coast of the United States, should not affect fuel prices. Unfortunately, drivers in Poland still have to prepare for more expensive fuel due to rising European oil prices and an explosion in the German refinery," writes Marcin Lipka, Conotoxia Senior Analyst.
Swiss franc up! Will it reach 4 PLN?
"Since the beginning of the year, the Swiss currency has become more expensive by about 0.25-0.30 PLN. This is bad news for those who are repaying loans denominated in the franc. However, there is even worse news. The upward trend may continue. What are the reasons for the stronger franc and why are they materialising now?" writes Marcin Lipka, Conotoxia Senior Analyst.