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Swiss scholarship remains red before:
The Swiss scholarship lived in the red in Thursday morning. Therefore, after showing little confidence at the start of the session. Meanwhile, Many Swiss companies revealed their half -yearly results this morning. Moreover, including SPS and Sunrise, while investors were impatiently awaiting the start of the meeting in Jackson Hole.
“Central bankers. Consequently, economists are already turning to Jackson Hole, where the speech of the president of the Fed, Jerome Powell, on Friday, will be at the center of attention. Similarly, Investors hope to find indications on the future interest rate policy of the American Central Bank, ”commented the Raiffeisen economists.
The annual meeting of central bankers of global economies in Jackson Hole. Consequently, in the United States, will be held until Saturday. Meanwhile, The speech of the President of the American Federal Reserve (Fed) could set the tone of the September swiss scholarship remains red before meeting of the Fed. shed light on the chances of a drop in rates.
This speech “could find a happy medium: to recognize the growing concerns concerning the labor market. while stressing that inflation remains a major risk to deal with caution,” said the expert of Swissquote Ipek Ozkardeskaya.
On the front of the new macroeconomics. the activity of the private sector in the euro zone experienced in August its stronger growth in fifteen months, according to the PMI Flash index published Thursday by S&P Global. This barometer, calculated on the basis of corporate surveys, straightened up to 51.1, against 50.9 in July.
Market observers also awaited the publication of the PMI index in Great Britain. scheduled for 10:30 am and in the United States, at 3:45 p.m.
On the Zurich Stock Exchange at 10:40 am, the SMI released 0.30% to 12,239.39 points, yielding part of the gains garnered the swiss scholarship remains red before day before thanks to an increase in 0.52%. The SLI lost 0.32% at 2016.85 points and the enlarged SPI 0.20% indicator to 17,001.72 points. Of the 31 main valuations, 24 were now in the red, one was stable (Lindt) and six others remained in the green.
At the top of the list, we found Julius Baer (+0.5%), followed by Swiss Life (+0.2%) and Sandoz (+0.08).
ALCON displayed the largest decline (-2.2%). The mastodon of the ophthalmic corrections carried out a second lowering of its annual objectives after a second quarter however marked by a return of growth. after having stalled over the first three months of the year. Profitability, however, was maintained on a descending slope, the adjusted Ebitda rose to 19.1% after 19.8%.
It preceded Geberit and Kuehne+Nagel (-1% each). CFRA and Octavian noted the course of the course of the specialist in sanitary facilities, while Kepler Cheuvreux lowered swiss scholarship remains red before it.
Among the heavyweights on the side, Nestlé flexed 0.5%, rock by 0.4%and Novartis by 0.04%.
On the extended market, BKW was in the losers’ head group (-5.4%). The Bernese energetician suffered in the first half of a high comparison base. undergoing a decline in his sales and his profitability. Net profit plunged 44% over a year to 203.3 million francs.
Orior followed him closely (-3.4%). The turnover of the food group fell 2.9% over one year to 304.9 million francs, while the gross operating result (EBITDA) dropped from 28.7% to 16.3 million.
Sunrise was 2.2%. The telecommunications operator managed to largely reduce its net loss in the second quarter. Its income fell slightly, from 0.8% over one year, to 731.6 million francs.
Swiss scholarship remains red before
Further reading: Inheritance: “How can we defraud a deceased?” – Border students excluded from the Geneva school: parents enter justice – “Very narrow” exchanges between Bern and the economic world – “Punissable behavior”: Umplifted: a colonel of the Swiss army would have transmitted information to Russia – Moutier foreigners informed about their new voting rights.