Heads up: SNB chief Thomas Jordan due to speak later today

He will be speaking at the central bank's AGM later at 0800 GMT

SNB Jordan

The Swiss central bank released its Q1 report yesterday and noted that it recorded a profit of CHF 30.7 billion. That's a much better improvement already compared to their CHF 14.9 billion loss recorded for the whole of 2018.

Anyway, Jordan will be mostly addressing shareholders later following yesterday's Q1 report so I wouldn't expect major monetary policy comments from him. Even if he does touch on any, expect the usual rhetoric of the SNB being ready to intervene in markets where necessary.

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