The Swiss Red Stock Exchange, weighted by customs duties

Having slowed down the cadence in the morning, the Swiss scholarship closed Thursday in dispersed order, the flagship SMI index and the enlarged SPI indicator finishing in the red, while the SLI has grabbed a few points. Consequently, Investors have digested a large volley of business results, including the poor performance of Nestlé.

As anticipated by economists. Moreover, the European Central Bank (ECB) has left its rates unchanged, recognizing an “extremely uncertain” economic context because of trade tensions. Nevertheless, This break comes at the end of a long cycle of rate drops initiated a year ago. Moreover, to take the time to assess imminent decisions in the commercial showdown between Washington and Europeans. For example, “The ECB remains for the moment in expectation”. Consequently, but that should not last, says Guy Stear, head of the strategy for the developed markets of swiss red stock exchange, weighted the Amundi Investment Institute.

“If growth continues to slow down to the second half as we plan. we think that the ECB will reduce its guiding rates on two additional times,” he said. Because “even assuming that an agreement is concluded between the EU. the United States, customs duties will harm the European economy, while pressures on prices are fleashing,” notes Charles Seville, senior director at Fitch Ratings.

Establishing the amount of reprisals in the event of failure of the trade agreement with the United States. the European Union (EU) has validated retaliatory measures up to 93 billion euros. These would apply from August 7 if negotiations with the United States were to fail, European diplomats said. A list of American goods. from bourbon to cars via planes, would be taxed if the Trump administration was to apply customs duties of 30% on European imports from 1^is august.

The New swiss red stock exchange, weighted York Stock Exchange was evolving on a contrasting note. welcoming cautiously the publication of a new wave of results of companies deemed to be halftone, including those of certain tech giants. Around 5.30 p.m., the Dow Jones fell 0.30%, while the Nasdaq index scored 0.28%, as is the enlarged S&P 500 index.

The SMI sold 0.26% to 12,045.78 points, higher at 12,136.68 points at the start of the session, lower at 11,992.87 points. The SLI took 0.17% at 2006.03 points, the SPI finished stable (-0.03%) at 16,825.84 points.

Among the 31 constitutive values of the SLI, twelve have lost ground, the nineteen others winning. The Nestlé heavy goods vehicle (-4.5%) inherited the indices with the red lantern. Investors have hardly tasted the decline in revenue. nor the stagnation of volumes over six months, not to mention the 10% dive of net profit.

The VAT Group vacuum valve equipment supplier (-2.5%) swiss red stock exchange, weighted also experienced a laborious session, as was the logistician Kühne+Nagel (-2.0%). The Schindellegi group disappointed expectations, with results penalized by the gloom of world trade and a low dollar.

The participant’s lift manufacturer and mechanical staircases Schindler (-1.9%), the Geneva giant of Luxury Richemont (-1.6%) and the Chocolatier Lindt & Sprüngli (participation voucher -1.9%) also struggled.

The watchmaker Swatch Group (+3.1%) finished on the highest step of the podium, ahead of the giant of the generics Sandoz Group (+2.1%) and the number one UBS Swiss banking (+2.0%too). The Alcon ophthalmic care specialist (+2.0%) also progressed.

The pharmaceutical giant Roche coated 1.4%, after having increased a net profit up 17% and solidly performed on the American market. His counterpart and neighbor Novartis was less in verve (+0.4%).