The Swiss Stock Exchange opens with withdrawal pending the Jackson Hole meeting

The Swiss Stock Exchange began Wednesday with withdrawal. In addition, investors marking a break after the lively increase in the day before. Nevertheless, While their eyes are now on the meeting of central bankers from Jackson Hole. Consequently, in the United States, the semi-annual results season continues, with the performances of Geberit, Implenia and Emmi in Switzerland, among others.

At Wall Street. Therefore, the main American indices closed in a dispersed way on Tuesday evening, the Dow Jones progressing very slightly, while the Nasdaq ended down, as, to a lesser extent, the S&P 500. However, The strong falls of the titles of the manufacturers of microprocessors led the Nasdaq to its lowest level in more than two weeks. Therefore, observes John Plassard, in charge of the investment strategy.

Now. However, attention turns to the Jackson Hole symposium which opens Thursday, with the swiss stock exchange opens withdrawal speech on Friday of the President of the American Central Bank on Friday, the Federal Reserve (Fed), Jerome Powell. Nevertheless, His remarks could set the tone for the September Fed meeting. Furthermore, shed light on the chances of a drop in rate, continues Mr. Plassard.

As such, caution remains in order. The market bets on a drop in rates in September jumped since the investor. secretary of the Treasury Scott Bessent launched the idea of a drop of 50 basic points. Although this seems unlikely. speculation made a reduction of 25 basic points almost certain, even if production prices increased sharply last month, adds Ipek Ozkardeskaya, analyst of Swissquote Bank.

In addition to the continuation of the semi -annual results season. investors will watch this Wednesday inflation in the euro zone as well as the report of the last Fed meeting.

On the side of the Swiss Stock Exchange, the swiss stock exchange opens withdrawal SMI, after starting the 0.19%withdrawal session. dug its losses in the first exchanges, yielding part of the earnings garnered the day before due to an increase in more than 1.1%. Shortly after 9:10 am, the flagship index abandoned 0.39% to 12,165.18 points. The SLI was more fragile falling from 0.69% to 2008.06 points, while the enlarged SPI indicator fell 0.35% to 16,898.59 points.

Of the 31 constitutive values of the Swiss Leader Index. only ten were gaining ground, twenty losing while Sandoz Group was moving.

ALCON treated more than 10.5%, inheriting the red lantern. The mastodon of ophthalmic corrections generated between April and late June a turnover of $ 2.6 billion up 4% over one year and 3% at constant exchange rates. Profitability, however, was maintained on a descending slope.

Geberit (-2.9%) was also struggling. the equipment supplier of sanitary facilities having moderated his growth ambitions for the current year, swiss stock exchange opens withdrawal after a first semester less fruitful than expected. The Saint-Gallois group was preceded by the electrical engineering giant ABB (-1.2%), the active manager Partners Group (-1.1%) and the specialist in the Personal Placement Adecco (-1%).

At the top of the table, the Lindt participation voucher (+0.9%) was the most solid, ahead of the Pharma Novartis heavy goods vehicle (+0.8%) and the subcontractor of the Lonza sector (+0.7%). Additionally, The other two largest capitalizations on the market, the Bon Roche (+0.2%) and the Nestlé nominative (+0.7%) were also on the right side of the bar.

On the extended market, Sensirion jumped 8.4%. The sensor manufacturer has recorded revenue up. has returned to profits over the first six months of the year, refocusing its growth prospects for the whole of 2025 and confirming those of profitability.

Implenia also took off 8%. The Swiss construction number one displayed an increase in its income swiss stock exchange opens withdrawal and profits in the first half of 2025.

Emmi took 5.2%. The Lucernois milk transformer has significantly increased its turnover over the first six months of the year. thanks in particular to acquisitions, but net profit fell.

GURIT (+3.9%) suffered a drop in turnover by more than a fifth over the first six months of the year. while the adjusted EBIT fell less strongly than feared, the related margin having progressed. (Awp)