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Franklin FTSE Switzerland ETF (NYSEARCA:FLSW - Get Free Report) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 3,692 shares, a drop of 14.8% from the January 15th total of 4,335 shares. Based on an average daily volume of 15,918 shares, the short-interest
In exchange, Swiss officials committed to series of quotas for imports from the US on a duty-free basis
Switzerland has been subject to one of the highest tariff rates levied on an individual country by the Trump administration.
Georges Kern, CEO of Swiss luxury watchmaker, Breitling, speaks to CNBC's Carolin Roth about the impact of U.S. tariffs on the company, and explains how political instability across Europe has affected the business. Subscribe: @CNBCInternationalLive Subscribe to CNBC International: @CNBCInternational LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci
The 39% duty was met with dismay, with business leaders saying it was damaging business. Switzerland's key exports include watches, jewelry, machinery, chocolate, and pharmaceutical products.
Swiss coffee machine maker Thermoplan was a small family firm until it rode the wave of late 1990s globalisation to become a key supplier for Starbucks and created more than 500 jobs in a lakeside village by the Alps.
Franklin FTSE Switzerland ETF is a $50m-sized product that offers exposure to 50 large and mid-cap stocks from Switzerland. FLSW appears to trump EWL on multiple fronts, notably the cost efficiency, income, and the risk-adjusted return track record. The Swiss Franc's appreciation is likely to be quite troubling for the export oriented Swiss economy, while deflationary risks too have perked up.
House price growth in the eurozone is at its highest since 2006 as housing markets were supported by a limited impact of the pandemic on household finances, rising savings, historically low-interest rates, favorable financing conditions, and changing preferences. The improved macroprudential framework in Europe, increased supply of housing, and bottoming out of interest rates are expected to ease the upward pressures on price growth.