Zurich (awp) – The Swiss stock market was moving towards a positive opening on Tuesday, as the official time of voting for the presidential election in the United States approaches. The main indices across the Atlantic had ended Monday’s session on the road, just like in Europe.
Polling stations open at 6:00 a.m. local time on the east coast of the United States (1:00 p.m. in Switzerland) and millions of people will add their votes to the more than 80 million ballots already cast in advance or sent by post. However, we will still have to wait a little longer before discovering who, Kamala Harris or Donald Trump, will have a place in the White House, at the end of a campaign as virulent as it is indecisive.
“Let us not forget, however, that this week will also be marked by the Fed meeting on Thursday evening (instead of Wednesday),” underlines John Plassard, for Mirabaud Banque, in a morning commentary.
“If the election results remain uncertain or are recounted, this could increase market volatility and economic uncertainty. In such circumstances, the Fed could take a more cautious approach, refraining from changing its interest rates. significantly or by maintaining a data-dependent position in order to stabilize market reactions,” the expert continues.
In our latitudes, the unemployment rate barely changed in October over one month, remaining at 2.5%.
At 8:10 a.m., the pre-SMI extrapolated by Julius Bär rose by 0.09% to 11,908.02 points, in remarkable homogeneity. The differences remained contained between the defensive Swisscom (+0.07%) on the one hand and the luxury brand manager Richemont (+0.12%) on the other.
Excluding SMI, the handful of companies to have published interim results occupied the ranks of the fund. Investment giant Adecco (-3.4%), piston compressor manufacturer Burckhardt Compression and industrial conglomerate Oerlikon (both -1.9%) clearly disappointed.
The elevator and escalator manufacturer Schindler (good +1.5%) has specified the timetable for its share buyback program of half a billion Swiss francs. The prize, however, went to the online apothecary DocMorris (+2.1%), without any particular indication.
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