The Swiss Stock Exchange played positively Thursday in the morning, in the opposite direction to the fence at half mast the day before Wall Street. The morose prospects of the American Central Bank (Fed) about the state of health of the United States economy and climbing in the trade war between Beijing and Washington were right for international stock markets.
“European clues should open up this morning before a long weekend. It is always and still the trade tensions that bring despair, frustration, anger, interrogation and capitulation to investors, but also to the president of the Fed. The latter had the spectrum of Stagflation at the Economic Club at the Economic Club at the Economic Club, observes John Plassard of Mirabaud Banque.
For Mark Haefele, investment director at UBS Global Wealth Management, “recent developments recall that markets are likely to fluctuate until customs duties are clearer”. In this context, the expert recommends various strategies to manage volatility.
The meeting of the European Central Bank (ECB) and real estate statistics in the United States are on the program of the day.
Around 10:20 am on the Swiss Stock Exchange, the SMI took 0.31% to 11,625.39 points, the SLI also advanced 0.19% to 1870.55 points, and the SPI from 0.16% to 15,658.40 points. The 20 constitutive values of the flagship index were almost half in green.
At the top of the ranking, ABB (+1.5%) gave rise to results up over the first three months of the year and confirmed its objectives for the whole year, despite the context of tensions caused by the trade war. The group also wants to empower and listed its Robotics division on the stock market.
In second position, Richemont was taking 1.0%, followed by Sonova (+0.5%) and the UBS banking giant (+0.4%).
The red lantern returned to Geberit losing 2.3%, preceded by Holcim (-1.7%).
Clariant (-0.13) suffered from its appeal, accepted by the Arbitral Tribunal of Six Group, against a decision of the Sanctions Commission of the Swiss Stock Exchange, sentenced in May 2023 the chemist of specialties to a fine of 500,000 francs for negligence of its publication obligation concerning the annual report 2021. The sentence inflicted on the Rhenish group was reduced to 100,000 francs.
Regarding the three heavyweights on the side, Nestlé advanced 0.2% when Roche lost 0.9% and Novartis 0.1%.
VAT fell 3.2% although its order entries increased by 2.5% over a year in the first quarter to 241.7 million francs. Geopolitical upheavals make the market environment uncertain and volatile, indicated the company Saint-Galloise. (Awp)
