The Swiss Stock Exchange opened in small drop on Monday, prudent before the meeting between American presidents Donald Trump and Ukrainian Volodymyr Zelensky as well as European leaders.
“Attention is on the geopolitical scene,” said Activtrades analyst Frank Sohlleder. Ukrainian President Volodymyr Zelensky and European leaders are going to Washington on Monday to support kyiv’s position, summoned by the American president to accept concessions after the Trump-Putin summit which did not stop fighting in Ukraine.
This meeting “could open the way to the end of the war” in Ukraine, strengthening the hopes of investors, added Mr. Sohlleder.
But for John Plassard, “Donald Trump’s sudden turnaround towards this ‘land against peace’ agreement marks a geopolitical break that could shake traditional alliances and upsets market expectations”.
Growing price: Fast correction possible
“For the energy markets, even a partial relaxation of American or European sanctions could trigger a rapid correction of crude oil prices, in particular if Russian exports to Asia are intensifying,” added the head of investment strategy of the Cité Gestion.
Around 9:05 am on the Swiss Stock Exchange, the SMI star index fell 0.15% to 12,055.02 points, after closing on Friday 0.61%. The SLI lost 0.12% at 1997.94 points and the SPI was stable at 16,768.26 points.
In the virtual absence of business news, the strongest decrees were written by Amrize (-1.2%), Swatch (-1.1%) and Holcim (-0.8%). The Biennese watchmaker found himself in the turmoil, after having had to withdraw an advertisement in China perceived as a racist.
At the other end of the table was alone (+1.5%), which will publish its quarterly results Tuesday evening, Sandoz (+0.5%) and SGS (+0.4%).
Novartis (+0.02%) which will present several cardiovascular drugs at the Congress of the European Cardiology Society in Madrid, supernage. The other two heavy goods vehicles on the Roche (-0.2%) and Nestlé (-0.1%) coast lost ground.
On the enlarged market, CICOR (+4.2%) won an order of approximately 5 million francs to a European actor in aeronautics and defense whose name is not revealed.
Hiag (-0.2%) managed to make its net profit strongly progress in the first half, thanks to an acceleration of rent product and better cost management.
The American investment company Advent International has launched a public purchasing offer (OPA) on the manufacturer of electronic flea Zurich U-Blox (-3%), valuing the latter at 1.05 billion francs. Advent, via its subsidiary Zi Zenith, wants to buy all the actions of the Zurich firm for 135.00 francs per action in cash, a premium of 53% on the average course of the last six months. (Awp)
