Breaking: SNB surprises with a 50 bps cut to Sight Deposit Rate

FXStreetDec 12, 2024 8:41 AM

View all comments（0）



Following Thursday's quarterly monetary policy assessment, the Swiss National Bank (SNB) cut the benchmark Sight Deposit Rate by 50 basis points (bps) to 0.50% from 1.00%.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Nebius Plunges 15% as $7.3 Billion Capex Sparks Concern Despite 571% Q3 Revenue Surge

TradingKey - Nebius (NBIS) shares fell more than 15% in premarket trading on Thursday after the company reported its third-quarter financial results. Despite marked improvements in both revenue and adjusted profit, investors did not focus on the rapid growth.

Cisco Stock Retests $101.60 Ahead of Q1 Results, With AI Orders in Focus

TradingKey - CSCO rose 2.66% to $100.76 and now retests $101.60, the support it lost in early November, as Q1 results after the close put AI orders and margins in focus.

Nvidia Falls Over 7% Premarket, AMD and Broadcom Buck Trend to Gain Over 2%: Jensen Huang’s Future May Drive Customers to Diversify Chip Purchases

TradingKey - Speculation over the future of Nvidia (NVDA) CEO Jensen Huang continues to swirl, with the board reportedly discussing whether to remove him from his position.

US October PPI Preview: Fed Rate Hike Expectations Rise, PPI May Be Key Variable; How Will US Stocks, Dollar, and Gold Move?

TradingKey - On Friday (November 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following October's CPI once again exceeding expectations, the market will look to the PPI to further assess whether price pressures on the U.S. production side are spreading, as well as the likelihood of the Federal Reserve raising interest rates by 25 basis points or 50 basis points in December.

Nasdaq Extends Gains by 1.6%, SOX Surges Over 5%; Tech Stocks Lead Market as CoreWeave Soars Over 25% Post-Earnings

On Wednesday, November 11, Eastern Time, U.S. stocks moved higher. CoreWeave's earnings report and raised full-year guidance boosted AI-related stocks, Nvidia rebounded after two consecutive sessions of declines, and subscription demand for Anthropic's IPO also provided support to market sentiment. At the close, the Dow Jones Industrial Average rose 0.49% to 52,486.49; the Nasdaq Composite Index gained 1.60% to 25,466.19; and the S&P 500 Index climbed 1.31% to 7,619.38.

Featured Tools