Zurich (AWP) – The Swiss Stock Exchange was hesitant about the way to start the first session of the week. Wall Street ended up on Friday, reassured by a stable American unemployment rate and employment creations above expectations.
“The European clues should open without real trend this morning despite the 9th consecutive session of increase for the S&P 500, which had not happened for 21 years!” Said John Plassard de Mirabaud. “Hope is reborn on the front of trade negotiations between the United States and the rest of the world, while American growth arouses less concern after the publication of a report on employment deemed to be reassuring. Investors are nevertheless cautious in the face of Donald Trump always so unpredictable.”
The latter has found a new target, foreign cinema. The tenant of the White House announced Sunday “immediately starting the process of establishing customs duties of 100%” on the films broadcast in the United States but produced out of American soil.
Still on the commercial front, Chinese parcels worth less than 800 dollars sent to the United States since Friday are subjected to 145% customs duties, as already all products from China since early April in the country in the star banner.
The prices of the barrel of oil fell, the Brent losing 3.1% to $ 59.41 and WTI 3.3% at 56.36 dollars before 8 hours. The courses are sealed by the announcement of OPEC+ of an acceleration of production for the month of June, at a time when prices are already very low.
Around 8:10 am on the Swiss Stock Exchange, the SMI star index fell from 0.11% to 12,240 points, according to the pre-bourse indications compiled by bank Julius Bär, after having increased on Friday 1.1%. Out of the twenty star values, only the good rock (+0.3%) supernished when the other titles lost ground.
The other heavyweights Nestlé and Novartis were 0.2%, like the vast majority of flagship actions. The Swisscom defensive limited breakage (-0.1%).
Excluding SMI, Ams-Osram tumbled by 2.3%, after Research Partners degraded the group’s recommendation to “sell”, against “keep” previously. The price of courses is noted at 5.80 Swiss francs, compared to 5.30 Swiss francs.
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