Switzerland
Article Abstract:
Good performance was shown by Swiss financial markets in the first months of 1993 with stock market increases of as much as 14% between Jan and May 1993. Interest rates fell by 100 basis points while money markets remained around 5%. Yields on confederation bonds were in the 4.6% range. This performance was attributed to external factors relating to European foreign exchange rates and referendum outcome on Switzerland's joining the European Economic Area. The latter helped in projecting the market as a safe haven for investors.
Publication Name: Financial Market Trends
Subject: Business
ISSN: 0378-651X
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Canada
Article Abstract:
An increase in short-term rates in the Canadian financial market resulted from temporary factors relating to the European currency turmoil and the Canadian Constitution referendum. Short rates fell substantially as the Canadian dollar became more stable. This was indicated by decreased commercial paper rates by as much as 350 basis points in Dec 1993 and decreased prime rates in major banks. Stability in both foreign exchange and domestic foreign markets have attracted investors into holding Canadian dollar dominated assets.
Publication Name: Financial Market Trends
Subject: Business
ISSN: 0378-651X
Year: 1993
User Contributions:
Comment about this article or add new information about this topic: