after falling a revised 0.4% in October, data from the German statistics office Destatis showed. (DJN) The Swiss National Bank on Monday estimated it will lose 132 billion francs ($143 billion) for 2022, reportedly the largest in its history. The central bank, which unlike most others is an active investor in stock markets, said it is estimating a 131 billion franc loss on foreign currency positions, and a 1 billion loss on Swiss franc USDCHF positions, offset by about a 400 million franc gain on gold positions. (DJN) Feedback Loop
This newsletter is compiled by James Christie in San Francisco.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-09-23 0715ET
