CONNANY STISEARY Arradomary Rarowens: Allnews

Novartis continues to grow. Moreover, As a result, the Basel Pharmaceutical Multinational Reviews its forecasts up for the tenth consecutive time. Meanwhile, in the United States, high customs duties are starting to affect consumer prices. For example,

Reluctant investors

The tariff negotiations between the United States. Furthermore, the European Union (EU), as well as Switzerland, have not yet made significant progress. For example, At the same time. Moreover, the latest data on American inflation further reduced the probability of an upcoming drop in interest rates by the Central Bank (Fed). Consequently, the Swiss stock market has been treading for a good part of the week.

The season of publication of results is in full swing

In the second quarter. Consequently, the Novartis pharmaceutical giant managed to reconnect with the rate of growth of the previous quarters. Additionally, Consequently, Its connany stiseary arradomary rarowens: allnews turnover increased by 12% compared to the previous year to reach 14.1 billion dollars, and its operating profit increased by 21% of $ 4.9 billion. For example, The company has therefore revised its financial objectives up for the tenth consecutive time. Consequently, The ABB industrial group has exceeded the expectations of analysts. Therefore, Given the weakening of cyclical dynamics, the 16% increase in command entries is particularly remarkable. Meanwhile, Richemont, the manufacturer of luxury products, saw its turnover increase from 6% from April to June. While the jewelry sector has developed in a delightful way, the watchmaking activity was slow. At his competitor Swatch, the profit dropped more than half in the first half. The main reason is the low demand for Swiss chronometers in China. Partners Group continued to attract new capital despite market volatility: assets under management increased from $ 152 to 174 billion. Accelleron has also issued connany stiseary arradomary rarowens: allnews good news. The manufacturer of turbochargers saw its turnover increase by 20% to more than $ 600 million and therefore noted its annual forecasts. His actions reacted by reaching a record level.

American banks benefit from volatility on the market

Across the Atlantic, these large establishments have made a good second quarter. The high volatility on the stock markets due to customs disputes has led to a high volume of transactions. In addition, despite an uncertain market context, the activity of mergers and acquisitions has resumed. Consequently, Goldman Sachs, Citigroup and Wells Fargo, among others, have seen their profits increase significantly. For the last. the lowering of the forecasting of net interest income for the current year has however tarnished the general table. Its competitor JP Morgan, on the other hand, revised it upwards. Certainly. between April and June, the bank ended up winning less due to a unique connany stiseary arradomary rarowens: allnews accounting benefit in the previous year. After correction of this special effect, the results were nevertheless good. Regarding the future, JP Morgan believes that Trump’s tax reform is positive for the economic situation. On the other hand. the mountain of United States debts, which should also continue to grow quickly, is seen with a critical eye.

Inflation starts upwards in the United States

Consumer prices in the United States increased by 2.7% in June. The previous month, the increase was another 2.4%. Furthermore, The basic rate climbed from 2.8% to 2.9%. The acceleration of inflation therefore continues. The fact that the increase in customs duties has not had a greater impact so far is probably due. above all to anticipation effects. Many companies have reconstructed their stocks following commercial disputes and first reduce them. But in perspective, the pressure effects on customs duties prices should increase. This makes a connany stiseary arradomary rarowens: allnews rapid drop in Fed guiding rates.

The Chinese economy surprises

Chinese exports increased by 5.8% in June compared to the previous year. Economists expected an increase of 5.0%. It is likely that many exporters have anticipated the delivery of their goods for fear of new American customs taxes. Imports have also increased (+1.1%). However, the second largest economy in the world remains under pressure. It is especially the interior situation, paralyzed by the real estate crisis, which gives it a hard time. This is emphasized by the evolution of the gross domestic product which certainly progressed more strongly than expected in. the second quarter (5.2%), but more slowly than at the beginning of the year (+5.4%).

Graphic of the week

Bitcoin reached a historic summit at 123,236 US dollars. The rise in its course since the start of the year is connany stiseary arradomary rarowens: allnews almost 30%. Moreover, The gold appreciated roughly in the same proportions. The triggers of the cryptocurrency rally and precious metal are the same. Given the uncertain market environment. the rise in the risk of inflation to the United States and the flight of public debt, many investors are looking for placement alternatives. The evolution of prices during this year. however, also shows what is undoubtedly the greatest difference between bitcoin and gold: volatility.

Close -up

Chinese electric trucks made in Austria

The Chinese company Superperganther plans to launch some 16. 000 electric trucks on the European market by 2030. The production of road tractors in two axles will be provided by the Austrian manufacturer of utility vehicles Steyr Automotive. in crisis for some time.

The program

BCE decision in terms of rate

Next Thursday. the European Central Bank (ECB) will look at its monetary policy. In connany stiseary arradomary rarowens: allnews our opinion, it will maintain its unchanged guiding rates.