Zurich (AWP) – The Swiss Stock Exchange seems to not know on which foot to dance before the opening of the trade on Wednesday. Wall Street ended up on Tuesday, tense by waiting for trade agreements between the United States and its partners. The decision of the American central bank (Fed) on its rates and retail sales in the euro zone are on the program of the day.
“European markets should open in dispersed order,” said John Plassard of Mirabaud Banque. “The Fed should maintain its unchanged rates, despite Donald Trump pressure for an immediate drop. Investors will remain attentive to the statements of Jerome Powell, who could reaffirm the independence of the Central Bank in the face of attempts at political interference.”
The first high-level discussions between the United States and China will take place in Switzerland. US Treasury Secretary Scott Bessent will go there on Thursday to meet a Chinese economic leader.
“It is possible that we hear about reductions in customs tariffs recently imposed by the two giants. But customs duties are so high that even a significant improvement may not satisfy China, which continues to prepare for a potentially prolonged war,” said Ipek Ozkardeskaya de Swissquote.
At Wall Street, the Dow Jones closed 0.95%, the Nasdaq index dropped 0.87%and the enlarged S&P 500 index abandoned 0.77%.
-Around 8:10 am on the Swiss Stock Exchange, the SMI star index lost 0.38% to 12,184.43 points, according to the pre-bound indications compiled by Bank Julius Bär, after being announced up 0.10%. On Tuesday, he closed down 0.02%.
Of the twenty star values, only the manufacturer of IT devices Logitech was in the process of green (+1.1%) taking advantage of the raising of the UBS recommendation to “Buy”. The red lantern returned to Sonova (-2.1%).
For heavy goods vehicles, Nestlé was on 0.2%, while Novartis and the good rock were both 1.0%.
Excluding SMI, Komax released 1.6% after lowering the course objective by Kepler.
one / jh
