The Swiss National Bank (SNB) surprised markets by cutting interest rates ahead of other major central banks, sending Swiss equities higher yesterday. Equities were also higher elsewhere: in the US, all three major indices closed at record levels, and European equities also ended at new all-time highs, with UK equities seeing strong gains. Overnight in Asia, however, stock markets were mostly lower, with Japan – once again – being the outlier. Tim Gagie, Head of FX & PM Solutions Geneva, and Markus Waeber from Real Estate Advisory join today’s show to discuss what the central banks' decisions mean for the FX and Swiss real estate markets.

00:00 Introduction by Helen Freer (Investment Writing)

00:45 Markets wrap-up by Lucija Caculovic (Investment Writing)

07:02 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)

12:22 What the SNB rate cut means for the Swiss real estate market by Markus Waeber (Head Indirect Real Estate Advisory & Intelligence)

15:03 Closing remarks by Helen Freer (Investment Writing)

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