Zurich scholarship: expected opening up

Zurich (AWP) – The Swiss Stock Exchange was heading for a positive opening on Wednesday. In addition, in the wake of its fence the day before where Swiss values seemed to take the shock of American customs taxes announced on the day of national holiday. Similarly, Investors will follow the visit of the President of the Confederation. Nevertheless, Karin Keller-Sutter, in Washington, statistics on American real estate and the Canadian PMI.

The New York Stock Exchange finished down Tuesday. Moreover, undermined by new economic data below expectations and digesting Donald Trump comments on his future customs duties, especially for pharmaceutical products. The Dow Jones lost 0.14%, the NASDAQ index fell 0.65%and the enlargement index S&P 500 dropped 0.49%.

On the other hand. “European markets should open up slightly, but with a certain nervousness,” according to John Plassard. “If we could rejoice ‘from zurich scholarship: expected opening up the (bad) publication of American employment figures last Friday. investors are starting to wonder if the decline in the PMIs of services is not a sign of the start of the decrease in the American economy”, fleshes the partner of the bank Cité Gestion, head of the investment strategy.

At 8:20 am, the pre-SMI calculated by Julius Bär increased by 0.25% to 11,887.84 points. He had finished on Tuesday up 0.34% to 11,858.33 points. All the star values were displayed in green, except Alcon (-0.6%) suffering from a lowering of the lens of courses by Bernstein to 88 Swiss francs, against 91.20 Swiss francs previously.

The three heavy goods vehicles, Novartis and the Bon Roche took 0.2%in concert.

Swatch Group fell 0.6% after a barclays lowering of its course target to 108 Swiss francs, against 120 Swiss francs before. Like Clariant (-2.2%), for whom Goldman Sachs demoted the recommendation to “Neutral” after “Buy”.

On zurich scholarship: expected opening up the enlarged market, Valiant (+1.8%) took advantage of one side by UBS from its objective at 147 Swiss francs. And EFG International (+1.3%) followed closely, without any particular indication.

U-Blox lost 4.2% after the publication of its half-yearly results. The manufacturer of electronic fleas has however straightened with sales up on a constant perimeter and a decline in regression. The Zurich group has notably recorded strong growth in its automotive and industrial activities.

one / VJ