Top Gainers - global market
Over the past 7 days, the US dollar index has risen, but failed to renew the recent high. The Swiss franc strengthened ahead of the Swiss National Bank meeting on September 22. In June, the bank raised the rate from (-0.75%) to (-0.25%), for the first time since 2007. Investors hope that the tightening of the SNB's monetary policy will continue. The yen weakened on the back of weak economic data and a new record Japan Trade Balance deficit in August (-2.82 trillion yen). The next meeting of the Bank of Japan will take place on September 22. Rate hike (-0.1%) is not expected yet. It has been negative since 2016. The Australian and New Zealand dollars are weakening against the backdrop of a slowdown in the Chinese economy. China is a significant trading partner of these countries.
1. Regeneron Pharmaceuticals Inc, +21,6% – American pharmaceutical company
2. Bausch Health Companies Inc, +21,5% – Canadian pharmaceutical company
Top Losers - global market
1. XAUXAG – gold tool: gold against silver.
2. Fosun International Limited –diversified holding from Hong Kong.
Top Gainers - foreign exchange market (Forex)
1. CHFJPY, EURJPY - the growth of these charts means the strengthening of the Swiss franc and the euro against the Japanese yen.
2. EURUSD, EURZAR - the growth of these charts means the weakening of the US dollar and South African rand against the euro.
Top Losers - foreign exchange market (Forex)
1. AUDCHF, NZDCHF - the drop in these charts means the weakening of the Australian and New Zealand dollars against the Swiss franc.
2. CADCHF, EURCHF - the drop in these charts means the strengthening of the Swiss franc against the Canadian dollar and the euro.