Sight deposits climb at the SNB on interventions

Source: Bloomberg
Sight deposits at the SNB climbed almost 8% previous week, indicating that the central bank keeps purchasing foreign currency following cancellation of its three-year-old cap on the Franc. SNB's data report showed that sight deposits added to 365.5 billion francs during the week ending January 23, compared with 339.6 billion francs recorded a week earlier.
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Tue, 27 Jan 2015 16:25:04 GMT

US stocks fall on disappointing results from Caterpillar to Microsoft

US stocks declined on a slide in durable goods orders and unpromising earnings results, exacerbating concerns regarding the economic growth. Caterpillar fell 7.2% together with Microsoft that lost 8.8%, while the S&P 500 dropped 1% to 2,036.68 and the Dow Jones Industrial Average slipped 1.3% or 234.91, to 17,443.79.

Mon, 26 Jan 2015 19:44:03 GMT

Brazilian Real drops for second day amid dimmed GDP outlook

Brazilian Real dropped for a second day, while a dimmed GDP growth outlook made the assets of South American nation less attractive for international investors. Brazil's Real weakened 0.7% to 2.5983 against the Dollar in Sao Paulo, while economists revised downwards their forecasts for GDP growth in 2015 from 0.38% to 0.13%.

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