SNB:SNB cuts key policy rate by 25 bps to 1.50% from 1.75% previouslySwiss franc tumbles after SNB surprises with a rate cut todaySNB chairman Thomas Jordan says rate cut is not a parting giftHeadlines:Treasury yields retreat further post-Fed but nears key technical junctureGold still on cloud nine ahead of European morning tradeFrance March flash services PMI 47.8 vs 48.7 expectedGermany March flash manufacturing PMI 41.6 vs 43.1 expectedEurozone January current account balance €39.4 billion vs €31.9 billion priorUK March flash services PMI 53.4 vs 53.8 expectedMarkets:AUD leads, CHF lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields down 3.8 bps to 4.233%Gold
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