Swiss Sight Deposits (w/e Feb 6). Domestic Banks CHF 430.6bln (prev. 436.6bln), Total CHF 447.4bln (prev. 452.7bln)
The decrease in Swiss sight deposits indicates a potential tightening in liquidity among domestic banks, dropping from CHF 436.6 billion to CHF 430.6 billion.
Japan's PM Takaichi says that she has received strong mandate for her policies, following the election
EU Commission has notified Meta (META) of possible interim measures to reverse exclusion of third-party AI assistants from WhatsApp
Swiss Sight Deposits (w/e Feb 6). Domestic Banks CHF 430.6bln (prev. 436.6bln), Total CHF 447.4bln (prev. 452.7bln)
Vitol Group forecasts peak oil demand to be pushed back to the mid-2030s, with peak demand reaching around 112mln bpd
ECB's Simkus says there's a 50/50 chance that their next move is a hike or cut; rates are at neutral level with growth near potential
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This decline may reflect a shift in banks' willingness to hold excess reserves, which could signal positive economic sentiment, although it’s essential to consider how this aligns with the broader context of monetary policy and financial conditions in Switzerland.
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