|Bid||0.00 x 3500|
|Ask||0.00 x 14200|
|Day's Range||127.95 - 129.40|
|52 Week Range||102.40 - 130.70|
|Beta (3Y Monthly)||0.03|
|PE Ratio (TTM)||28.02|
|Forward Dividend & Yield||2.70 (2.10%)|
|1y Target Est||N/A|
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if...
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I...
LONDON/ZURICH, June 28 (Reuters) - European stock investors and brokers are rushing to find workarounds before Swiss shares are blocked from trading on EU exchanges on Monday after a collapse in talks to resolve a dispute between Brussels and Switzerland. In a heated row over a stalled partnership treaty, Switzerland said on Thursday that it would trigger retaliatory measures against the European Union for forbidding access to its stock markets. The Swiss stock market has a market capitalisation of 1.1 trillion euros ($1.25 trillion), more than 10% of the pan European STOXX 600 index's total.
(Bloomberg) -- Swiss stocks will be barred from trading in the European Union from Monday after talks on a political agreement between the two sides ended in deadlock.The government said Thursday it will block trading of Swiss shares in the EU, an unprecedented step, shortly after the European Commission announced that it saw no reason to extend recognition of Switzerland’s stock exchange beyond the end of this month. The Swiss move is intended to prevent a sudden loss of liquidity.Bern and Brussels are at odds over a pact that’s been in the works for years and is meant to replace a patchwork of treaties governing areas as diverse as agriculture, immigration and civil aviation. The proposed accord ran into a wall of opposition from both the left and the right in Switzerland, and the EU piled on pressure in 2017 by tying progress on the deal to regulatory recognition of Swiss stock exchanges.Switzerland’s willingness to gamble on the smooth functioning of its stock market, Europe’s fourth largest, comes as the nation prepares for parliamentary elections in October. Its government says the framework EU deal raises issues such as wage protection and state subsidies that need ironing out before ratification.About one-third of trading in Swiss shares currently takes place within the EU, and the rest in Switzerland. Most of the activity in Swiss shares on SIX, the nation’s main exchange, is generated by traders in the EU.Under countermeasures announced by the Swiss government, it would ban trading of Swiss-registered firms in the EU, re-routing flows back to Switzerland. Because of a legal loophole, EU traders would then be allowed to trade Swiss shares in Switzerland again.“We welcome the contingency measure,” a spokesman for SIX said.Deutsche Boerse said it stands ready to halt trading in all Swiss stocks on German exchanges Monday if the equivalence status is dropped and the countermeasure goes into force, a spokesman said.U.K.-based trading venues run by companies including Cboe Global Markets Inc. and London Stock Exchange Group Plc, where most of the EU trading of Swiss shares takes place, told clients that they will exclude securities from Swiss issuers.While analysts agree the immediate effect of the Swiss move is likely to be manageable, in the longer term it could cause trouble.“While the long-term consequences are difficult to assess right now, in a general manner this kind of situation would be a negative factor for the attractiveness of the Swiss capital market,” said Fabien Bruegger, a trader at Banque Cantonale Vaudoise.(Updates with statement from second paragraph.)\--With assistance from Jade Cano and Albertina Torsoli.To contact the reporters on this story: Alexander Weber in Brussels at email@example.com;Catherine Bosley in Zurich at firstname.lastname@example.org;Jan-Patrick Barnert in Frankfurt at email@example.comTo contact the editors responsible for this story: Jan Dahinten at firstname.lastname@example.org, Vidya Root, Paul SillitoeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
BRUSSELS/ZURICH, June 26 (Reuters) - The European Commission and Switzerland both refused to blink on Wednesday in a standoff over a stalled partnership treaty that threatens to trigger stock trading curbs across Europe from Monday. The Swiss have vowed to retaliate with a decree forcing all Swiss shares to be traded on domestic exchanges by banning EU bourses from hosting Swiss equities trading. In Brussels, the Commission said it has had no contact with Switzerland in the past few days on avoiding the expiration at the end of this week of the regime which allows Swiss stock exchanges to access the European Union market.
The European Commission has had no contacts with Switzerland in the past few days to avoid the expiration at the end of this week of the equivalence regime that allows Swiss stock exchanges to access the EU market, a spokeswoman said on Wednesday. "There have not been any contact," the EU executive's spokeswoman told a news conference. The spokeswoman added that the Commission remained open to finalise an overall partnership treaty with Bern by the end of October.
The Swiss government said on Monday it was ready to ban stock exchanges in the European Union from trading Swiss shares -- intensifying a row over a stalled partnership treaty. The move followed the EU not extending stock market equivalence to Switzerland after Brussels grew frustrated with Swiss foot-dragging over the long-discussed agreement. Bern said in response it would withdraw recognition from trading venues in the EU from July 1 to "protect the Swiss stock exchange infrastructure in the event of non-extension".
BRUSSELS/ZURICH, June 21 (Reuters) - Investors in the European Union and Switzerland will lose direct access to each others' stock exchanges from July 1 in an escalating row over a stalled partnership treaty. Frustrated with Swiss foot-dragging, the European Commission will not propose extending the equivalence regime that lets EU investors trade on Swiss bourses, effectively ending it as of July 1, an EU diplomat told Reuters on Friday. Friday was the deadline for the Commission to make such a proposal, but it will refrain from doing so because Bern did not endorse a partnership treaty with the EU that had been negotiated for years, the diplomat said.
Big cross-border mergers in stock exchanges look "hard" given political opposition to opening up bourses to foreign ownership, London Stock Exchange Group Chief Executive David Schwimmer said on Wednesday. "There have been some big painful failures out there in the industry," Schwimmer told the annual FIA IDX derivatives industry conference. The LSE has failed several times to merge with rival Deutsche Boerse, the most recent attempt ending with Schwimmer's appointment as CEO last August.
European Union preparations for a no-deal Brexit would split stock markets in Europe, although the damage could be reduced if Britain spelled out in advance its approach to trading, a top EU regulator said on Tuesday. The EU angered market participants in March when it said that if there is a 'no-deal' Brexit, investors in the bloc would only be able to trade shares which are listed in continental Europe as well as 14 which have a listing in Britain. London is the centre for share trading in Europe, even for many non-UK shares, leaving EU asset managers facing a split pool of liquidity and less competitive prices.
Top trading exchanges said on Tuesday they would not rush into introducing "speed bumps" to slow down high-technology trading and ensure a more level playing field with traditional market participants. Last month, Intercontinental Exchange Inc (ICE) was given permission from U.S. regulators to introduce the first "speed bump - or Passive Order Protection feature - in the U.S. futures markets. Thomas Book, chief executive of Germany's Eurex exchange , said on Tuesday it had launched a six-month pilot scheme.
The President of Germany’s central bank is not a fan of digital currencies and the blockchain technology that underpins them. In a speech given to a Deutsche Bundesbank symposium, Jens Weidmann, argued that the former are a serious threat to the stability of the financial system, and the latter is no better than solutions already on offer. By way of example, he spoke about a joint project with Deutsche Börse on the use of blockchain technology for the settlement of cash and securities. “The blockchain solutions did not fare better in every way: the process took a bit longer and resulted in relatively high computational costs,” he said. “Similar experiences have been made elsewhere in the financial sector. Despite numerous tests of blockchain-based The post Deutsche Bundesbank President trashes crypto and blockchain tech appeared first on Coin Rivet.
Foreign clearing houses for derivatives face tougher scrutiny for risks they would pose to the United States economy if they collapsed, a senior regulator said on Tuesday, mirroring recently-approved European Union reforms. The EU has just approved a law requiring its regulators to categorise foreign clearing houses according to risks posed to the EU financial stability if they went bust. Commodity Futures Trading Commission (CFTC) commissioner Brian Quintenz said the proposal was not a tit-for-tat to the EU reform, which prompted U.S. accusations of regulatory overreach.
Dividend paying stocks like Deutsche Börse Aktiengesellschaft (ETR:DB1) tend to be popular with investors, and for...
German exchange operator Deutsche Boerse posted an 11 percent rise in first-quarter net profit, roughly in line with expectations, despite poor market conditions. Net profit attributable to shareholders of 275 million euros (237.7 million pounds) was a little more than the 267 million euros expected in a Reuters poll and up from 249 million euros a year ago. Gregor Pottmeyer, chief financial officer, called the quarter a "weak equity market environment", but added that "earnings growth in the first quarter is in line with the guidance for the full year".
FRANKFURT (Reuters) - Joachim Faber, the chairman of the supervisory board at Deutsche Boerse, will step down after the annual general meeting in 2020, the stock exchange operator announced on Monday. ...
NEW YORK/FRANKFURT (Reuters) - German stock exchange operator Deutsche Boerse AG said on Wednesday that it is in “concrete negotiations” with data provider Refinitiv about the potential acquisition of certain foreign exchange business units. The statement came after Reuters reported that Deutsche Boerse was in talks to buy FXall, a foreign exchange electronic trading platform owned by Refinitiv, for about $3.5 billion, citing people familiar with the matter. “The negotiations and assessments of a potential transaction are ongoing,” Deutsche Boerse said in a statement.