The Swiss Stock Exchange dropped down on Wednesday, the day after a small upturn. Investors were awaiting the outcome of the displacement of the president of the Confederation, Karin Keller-Sutter, in Washington and the announcement of a possible last minute agreement on customs duties. In this context, the SMI has returned largely under the 11,800 points.
sda
Ms. Keller-Sutter was received by US Secretary of State Marco Rubio in the afternoon. No appointment was planned with President Donald Trump. The President of the Confederation and the Minister of the Economy Guy Parmelin arrived in the capital of the United States Tuesday evening to try to find an agreement on customs duties, set at 39% for Swiss imports.
In the immediate future, the speakers focused on the many business results in Switzerland and abroad. “Customs duties do not seem to reverse the substantive trend in terms of margins and profitability,” said Jochen Stanzl. According to CMC Markets analysts, “investors receive costs related to customs duties as an exceptional element and focus on what will come after”. And as the prospects of companies are positive, they buy actions, he added.
In New York, Wall Street evolved in dispersed order in the morning. Caution remains before the entry into force Thursday of most of Donald Trump’s customs duties. The SMI ended down 0.87% to 11,755.32 points, with a lower at 11,719.31 points and a higher at 11,879.92 points.
The Bleu Giant publishes its half -yearly results on Thursday. Analysts expect a turnover of 7.5 billion francs. Adecco and Holcim (each+3.1%) share the highest step of the podium, ahead of Swiss Re (+2.4%) and Swiss Life (+2.0%).
Nestlé does not escape the trend
The building materials giant has benefited from an increase in courses by Jefferies, which confirmed the title to the purchase. Its American emanation Amrize (-1.6%) must publish for the first time since its separation from the intermediate results after the fence at Wall Street.
The specialist in the staff placement rebounded, after having given ground the day before afterwards in decline. Zurich Insurance (+1.8%) publishes its results on Thursday in the first half. Analysts interviewed by AWP expect an acceleration of profitability.
The red lantern returns to Alcon (-3.5%) behind Novartis (-3.3%) and Roche (-2.7%). Pharma, also like Lonza (-2.2%) were sealed by the threats of President Donald Trump to impose customs duties of up to 250% on imports of medicines.
The third heavy goods vehicle, Nestlé (-0.9%) did not escape the trend. Sandoz (-1.1%) publishes its half-yearly results on Thursday. Analysts provide a turnover of $ 5.2 billion and a basic net profit of 568 million.