Geneva (awp) – The Swiss Stock Exchange was heading towards a green opening on Thursday after the election of Donald Trump to the White House. Still across the Atlantic, the American Central Bank (Fed) will attract the attention of observers.
“We will also need to analyze September retail sales in the euro zone and the Bank of England,” recalls John Plassard in his daily morning note. “European indices should open very slightly higher in the wake of new records for the three main American indices. However, investors fear that Donald Trump will announce new import tariffs,” warns the Mirabaud analyst.
Concerning the Fed’s press conference scheduled for the evening, “Jerome Powell could adopt a more ‘hawkish’ tone than expected with the return of the former president.”
Around 8:10 a.m., the pre-SMI calculated by Julius Bär rose 0.19% to 11,870.29 points.
The star stocks were all preparing to open positively except Swiss Re down 1.8% after a profit warning. Management does not expect all targets for 2024 to be achieved.
At the head of the gondola was Zurich Insurance (+1.2%). The insurer recorded an increase in premiums in its main property and casualty business over the first nine months of 2024, benefiting in particular from a particularly strong acceleration in the region. Latin America.
The luxury giant Richemont and the banking group UBS completed the podium with an increase of 0.2% each.
Excluding SMI, Bâloise gained 1.2%, followed by Valiant (+0.9%). The latter improved its revenues and results over nine months.
The Austrian-German semiconductor and photonics giant AMS Osram (+0.2%) managed to increase its profitability, despite falling revenues, in the third quarter.
Finally, Vontobel (+0.1%) saw its assets under management increase over nine months thanks to.
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