Switzerland April KOF leading indicator index 97.1 vs 101.5 expected

Prior 103.9 (revised to 103.2)

No surprise here as business confidence got hit all over the world after the April 2 announcement. You can see in the chart below how the business confidence just kept on improving steadily with the SNB rate cuts. Now that we have the trade war uncertainty and global growth slowdown expectations, the confidence is falling.

This article was written by Giuseppe Dellamotta at www.forexlive.com.