Swiss foreign reserves at 609 billion francs

Thursday, 07. July 2016 10:18

The Swiss National Bank (SNB) reported it had 608.81 billion francs (€658.61 billion; $595.23 billion) in foreign reserves in June, up by 6 billion francs compared to the same month a year ago. The SNB said had gold holdings at market value of 43 billion francs, up by 3 billion from previous year.

The external debt of the Swiss Confederation in the first quarter was 1.59 billion francs The Swiss National Bank said in its monthly report. Its current account balance in the first quarter stood at 9.9 billion francs, down from 15.9 billion in the same period a year ago.

In Zurich, the SMI rose 0.91% to 7,968 points at 10:15 a.m. CET. LafargeHolcim, Julius Baer and Credit Suisse were the top gainers, while Syngenta was the only decliner.

The Swiss franc weakened 0.05% against the euro and fell 0.73% versus the British pound, and was 0.29% lower compared to the U.S. dollar at 10:15 a.m. CET.

 

Image: EPA / Peter Klauzner

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Breaking the News / ZR