Tuesday, October 4, 2022

Swiss stock market in a downward spiral – CS share at all-time low

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Interest rates, inflation and recession

Swiss stock market in a downward spiral – CS share at all-time low

Major economic concerns, major declines on the stock markets. The Swiss leading index SMI is also suffering, CS shareholders need particularly strong nerves.

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Depressed mood on the stock markets, prices are pointing downwards worldwide.

It doesn’t work without pain. Fed Chair Jerome Powell made it clear on Wednesday that battling record-high inflation would require sacrifices to get prices back on track: “I wish there was a painless way to do that. But there isn’t one.”

Sixteen central banks tightened their monetary policy this week alone. The number of those with increases was higher than ever, above all the US Federal Reserve. At the end of the year, they want to see the key interest rate at an unexpectedly high 4.25 to 4.5 percent. The Swiss National Bank SNB, for its part, increased the key interest rate by 0.75 percentage points to plus 0.5 percent.

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