“On the geopolitical level, Trump is now furious against Spain, who refused to increase his military budget to 5% of GDP – unlike several other NATO members this week. European actions fell yesterday, with the Spanish IBEX which underperform ”, underlines Ipek Ozkardeskaya, analyst at Swissquote.
“At the same time, the actions of the defense sector increased by almost 2% after Babcock announced its very first share of shares, a decision which confirms the development of military spending in Europe,” she continues.
On the front of the new macroeconomics, consumer morale in Germany should slightly sag in July. In France, public debt increased by 40.5 billion, at 3345.8 billion euros. It reaches 114% of the gross domestic product (GDP).
In Switzerland
At 09:08 am, the SMI took 0.54% at 11,946.3 points, the SLI gained 0.51% at 1956.85 points and the SPI advanced 0.52% to 16,528.57 points. Among the thirty star values, only five were withdrawn.
The UBS title (+1.3%) took the lead in the provisional classification, followed by Partners Group (+1.2%) as well as by Novartis (+1.1%) and Roche (+1.2%) heavy goods vehicles.
Givaudan (-0.1%) did not seem to benefit from the raising of course objective by Goldman Sachs.
VAT, SGS (each -0.1%) as well as Holcim (-0.2%) and Alcon (-0.3%) completed the small group of losers.
On the enlarged market, the operator of shops excluding taxes and AVOLTA sections (+0.6%) confirmed its medium -term objectives, targeting in particular an organic increase in turnover between 5 and 7% per year by 2027.
Carlo Gavazzi (+0.9%) will give up paying a dividend for the 2024/25 offbeat financial year, ended at the end of March.
