Swiss indices nudge

Note: This section contains information in English only.
Source: Dukascopy
© Dukascopy
"A more expansionist policy is not a problem for the SNB so long as inflation stays low. Although [CPI] has risen, it is still very low”
- Henrik Gullberg, Deutsche currency strategist

SMI, the Switzerland's blue-chip stock market index, flipped 1.54% or 84.54 points, to 5,589.53. Swiss Performance Index, the most closely followed performance index, jumped 1.64%, or 81.49 points, to 5,055.36.

The SNB announced it will use unlimited currency interventions if it is required. Beforehand the SNB was filliping liquidity in the Swiss franc money market. SNB’s foreign exchange reserves skyrocketed as well by 29 billion Swiss francs in September. Reserves advanced to 282.35 billion Swiss francs, according to Thursday's SNB data.

Separate data revealed consumer prices rise in September, that spiked 0.3 percent from the previous month.

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