Swiss Sight Deposits (CHF): Domestic 430.7bln (prev. 433bln), Total 459.7bln (prev. 455.9bln)
The latest figures for Swiss sight deposits show a decline in domestic deposits while total deposits have increased slightly.
ECB's Simkus says it is clear that they have deviated from the baseline scenario
[MARKET ANALYSIS] Thin conditions for fixed with numerous regions away, lows hit on Iranian rhetoric
Swiss Sight Deposits (CHF): Domestic 430.7bln (prev. 433bln), Total 459.7bln (prev. 455.9bln)
India is reportedly mulling steps to make Dollar inflows more attractive, to help the weak INR, sources suggest; non-resident FX deposit scheme and tax reliefs on foreign government bonds are reportedly being looked into
German S&P Global Manufacturing PMI Final (Apr) 51.4 vs. Exp. 51.2 (Prev. 52.2); "...businesses expecting activity to fall in the coming year now outweigh those anticipating a rise"
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This could indicate changing liquidity conditions, which may influence the Swiss National Bank's (SNB) policy considerations regarding interest rates and currency strength. Traders should watch for potential shifts in market sentiment based on these insights into Swiss banking dynamics.
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