Zurich (AWP) – The Swiss Stock Exchange is expected to open the trade on Friday with positivity, after finishing without clear direction the day before. Global places share the same feeling, invigorated by investors who expect reductions in the coming rates of the American central bank (Fed).
“The United States and China have reached a commercial truce, the US administration said that 10 other agreements could be imminent, and the president of the European Commission has announced that she was ready to negotiate in order to reach an agreement before the deadline of July,” said Ipek Ozkardeskaya, analyst at Swissquote. “But overall, pricing uncertainties persist for key sectors such as metals, automotive and technology.”
At Wall Street, the enlarged S&P 500 index won 0.80%, at 6141.02 points. The NASDAQ technological index took 0.97% and the Dow Jones 0.94%.
In Europe, the Paris Stock Exchange finished stable (-0.01%), while Frankfurt increased by 0.64%and London advanced by 0.19%.
Around 8:10 am, the pre-SMI extrapolated by Julius Bär announced an opening up 0.41% to 11,929.25 points, after closing immobile at 11,880.00 points. The 21 star values appear green.
At the top of the ranking, the Banking Giant UBS and the Luxury Richemont giant took 0.7%. Logitech and Holcim followed closely with 0.6%. Further on, Swisscom climbed 0.2%.
The three Nestlé, Novartis and Bon Roche heavy goods vehicles made a 0.3%increase in concert.
The specialist in aromas and perfumes Givaudan (+0.6%) acquired majority participation in the Brazilian company Vollmens Fragrances. This acquisition should allow the Verniolan group to strengthen itself in the Latin American market, in rapid growth.
The SIKA construction chemist (+0.6%) announced on Friday the acquisition, for an undisclosed amount, of his Qatari Gulf Additive Factory counterpart. This operation allows the Zugoise firm to strengthen its presence in this Gulf country and to extend its presence in the region.
Excluding SMI, only Landis+Gyr fell 1.1%.
The manufacturer of Ypsomed injection devices (+0.6%) puts its brand new factory into Changzhou, dedicated to exclusively supply the Empire in the middle, with a good semester of delay on the brushed roadmap in the spring of 2023.
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