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Clues start week withdrawal:
The Swiss Stock Exchange finished on a negative note on Monday. For example, The markets would still digest the declarations of the president of the American Federal Reserve (Fed) Jerome Powell as. In addition, part of the Jackson Hole meeting. Consequently, The SMI ended up a little above the 12,200 points.
The FED boss has “recognized the risks of tenacious inflation. Moreover, but insisted on the fragility of the labor market, opening the door to a drop in rates in September,” said John Plassard, head of the placement strategy at Cité Gestion. Meanwhile, The majority of speakers table on a reduction of 25 basic points.
“Jackson Hole’s accommodating signals reassured the markets, but the risk of a monetary policy error remains (…). The next few weeks will be decisive to validate or not the Pivot of the Fed, “warned Mr. Plassard in a comment.
Investors “do not yet seem ready to take full risks. despite new pulses,” said Frank Sohlleder, Activtrades analyst, who talks about market profits.
In New York. Wall Street evolved in dispersed order in the morning after a negative opening and at the start of a week rich in economic indicators and before the publication of the highly anticipated quarterly results of the Nvidia flea giant.
Total employment in Switzerland increased by 0.6% over a year in the second quarter after correction of seasonal variations, announces the Federal Statistics Office (OFS) on Monday. Companies at the same time announced 10.0% less vacancies than at the same time in 2024.
The SMI lost 0.48% to 12,206.36 points, lower at 12,193.37 and higher at 12,268.44. The SLI abandoned 0.37% to 2018.44 points and the SPI sold 0.43% to 16,966.59 points. Of the 31 star values, 23 fell, seven advanced and Swisscom finished unchanged.
Straumann and Kühne+Nagel (each -1.2%) share the red lantern, behind Vat Group (-1.1%) and Adecco (-1.0%).
The specialist in health facilities Geberit (-0.8%) raised a loan of 200 million francs to 0.950% and maturity 2033.
In the heavyweight camp, Novartis (-0.7%) weighed on the index, Nestlé and Roche (each -0.6%) too.
Logitech (-0.6%) did not benefit from an increase in course objective by UBS, which confirmed “Buy”. The analyst has taken into account the excellent recent results and solid perspectives. According to him, the group could increase its EBIT in 2026 despite significant customs duties. In addition, the growing orientation towards B2B activities seems to have a positive effect on income.
After the quarterly figures of last week, Vontobel lowered the objective of Alcon Cours (-0.5%) and confirmed “Hold”. The group wants to continue its growth this year with the launch of several products. noted the analyst, but it must clues start week withdrawal face difficult markets and moderate demand from patients. The long -term growth potential remains attractive.
Swatch (+1.3%) precedes Lonza (+1.1%) and Amrize (+0.8%) on the podium of the day.
On the expanded market, the Real Estate Company Epic Switzerland (+0.5%) recorded in the first half of the growth of the rents of rents. profitability, the latter being carried by revaluations. Management has confirmed its financial prospects for the whole year.
Clues start week withdrawal
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