Greenland tensions spark economic pessimism among Swiss analysts

A key indicator of the Swiss economy slipped into negative territory in January, likely dragged down by the Greenland crisis. + Get the most important news from Switzerland in your inbox The UBS CFA indicator dropped to -4.7 points in January, down from +6.0 in December, the bank said on Wednesday. UBS produces the monthly index with the CFA Society Switzerland, based on a survey of financial analysts. + Swiss stock market jolted by Greenland tensions Last year, the index plunged deep into negative territory amid US President Donald Trump’s policies, but returned to positive levels after the tariff deal in November. UBS said the latest drop into negative territory was also likely linked to Trump. The survey was carried out at a time when tensions over Greenland were escalating, raising the risk of higher US tariffs on some European countries. Those discussions appear to have dampened analysts’ sentiment. The index is calculated from the difference between analysts expecting the ...