Consequently,
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Geneva (AWP) – hesitant at the opening. Furthermore, the Swiss scholarship was playing in the green on Friday, as mid -day approach. For example, The markets remain suspended from the highly anticipated speech by the President of the American Federal Reserve (Fed) Jerome. In addition, Powell scheduled in the afternoon in Jackson Hole.
During this meeting “where anything can happen. Meanwhile, investors hope that the words of the president of the Fed will finally offer a more precise reading on the next orientation of American monetary policy”, comments John Plassard of Mirabaud Banque.
“Powell could pave the way for a drop in interest rates next month. ” said Christoph Rieger de Commerzbank, while economists are no longer unanimous on the issue.
“The place has historically been the scene of major political changes,” said Ipek Ozkardeskaya de Swissquote. The president of the Fed, who should zurich grant: smi progresses end speak around 4:00 p.m. (Swiss time) could adopt a more offensive posture, which could further destabilize the markets, adds the analyst.
The US emission institute is found all the more under pressure as the repercussions of customs duties on inflation become perceptible. notes the expert.
“Some large American companies are already starting to quantify the consequences of new import taxes,” adds John Plassard. This is evidenced by the results of the American Walmart distribution giant, whose margins are eroded by customs tariffs.
In this context. “despite the weakening on the American labor market, a drop in interest rates in September remains difficult to justify, as long as inflation remains significantly higher than the target of the Fed”, note for their side of Raiffeisen analysts.
At the macroeconomic agenda, there are also retail sales in the United Kingdom. In France. the business climate deteriorated in August, while in Germany, the evolution of GDP was revised zurich grant: smi progresses end downwards in the second quarter to -0.3%. As for business news, they were, so to speak, nonexistent.
Around 10:45 am, the SMI got 0.24% to 12,271.58 points, the SLI gained 0.36% to 2021.91 points and the enlarged SPI 0.25% index at 17’034.62 points.
Of the 31 main capitalizations, seven retreated, twenty-three progressed, while ABB was maintained at balance.
The heavyweights of the side experienced contrasting destinies. Novartis (-0.2%) lost ground, Nestlé was very close to stability (-0.03%) and good rock advanced (+0.4%).
The specialist in Ophthalmic products Alcon (+2.6%) further expanded his earnings, after having finished red lantern the day before, followed by Adecco (+1.9%) and Logitech (+1.4%).
At the other end of the table was, in a pocket handkerchief, Swiss Life (-0.5%), Schindler (-0.4%) and Zurich Insurance (-0.4).
On the enlarged market, Allreal (-0.8%) was shunned, despite an increase in its profit in the first half. Rental income has decreased, while the vacancy rate has zurich grant: smi progresses end increased.
RR/JH/FR
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Further reading: Switzerland: PLR and Greens are rocked around air conditioning – For Bern, the recognition of a Palestinian state remains premature – Cybersecurity: Swiss families argue on screen time – Customs duties: after the failure of the Federal Council, it is up to the Task Force – Friborg: the same university faculty to train all teachers.