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Zurich Stock Exchange: confidence in updating the first company results

Zurich (awp) – The Swiss Stock Exchange was moving towards a positive opening on Tuesday, the day after a similar session and as the first company results appeared after nine months in 2024. If Sulzer, Cicor and DocMorris have made up most of the menu in Switzerland, investors are already eyeing the performance of American stars like Netflix.

“The results season has started well for US banks which have already published,” considers Ipek Ozkardeskaya, for Swissquote. The analyst from the Glandian online bank recalls that Goldman Sachs, Bank of America and Citigroup are expected to confess today, Morgan Stanley tomorrow.

In the meantime, “we will analyze the unemployment rate in Great Britain, industrial production in the euro zone, the German ZEW and the inflation rate in Canada,” says John Plassard, of Mirabaud Banque.

At 8:10 a.m. the preSMI concocted by Julius Bär +0.19% at 12,282.27 points, in a green monochromatic.

Defensive stocks were part of the trend. Novartis, Roche and Nestlé all gained 0.2%, while Swisscom brought up the rear, gaining 0.1%. The mouse giant Logitech (+0.6%) took the front row, without any particular indication.

The rare unfortunate exceptions were to be found in the broader market. The fluid management specialist Sulzer (-0.3%) confirmed the expected growth in its order intake over the first nine months of the year, renewing its ambitions for the entire financial year.

The online apothecary DocMorris (-1.3%) is giving up its logistics center in Halle in Germany and abandoning the Zur Rose brand, at the end of a convincing quarter in terms of growth.

The producer of electronic components Cicor (not listed) began to turn around the situation between July and the end of September, although to a lesser extent than expected.

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