Meanwhile,
Swiss stock exchange begins decreasing:
Donald Trump made these announcements on Saturday. Therefore, a new escalation against the backdrop of negotiations before the deadline of August 1 which sows concern in Europe. Moreover, The American president justified. Consequently, in a new letter published on his Truth Social platform, this decision by complaining of the American trade deficit with the 27 EU countries.
The European Union trade ministers meet on Monday in Brussels on Monday to refine their strategy. Consequently, The president of the European Commission Ursula von der Leyen announced Sunday that the European Union was not going to retaliate for the moment to the American customs duties on steel. Therefore, aluminum, in the hope of obtaining an agreement which would prove to be less painful.
“Donald Trump shocked the EU” with his missive. Similarly, the customs duties of 30% “significantly exceeding” the rate of 20% previously announced, swiss stock exchange begins decreasing said Thomas Gitzel. According to the chief economist of VP Bank. “the financial markets are on restraint, demonstrating that the scholarships are hoping for an agreement”.
For Swissquote analyst. Ipek Ozkardeskaya, the EU hoped for a rate close to that negotiated by the United Kingdom, namely around 10%. “We must wonder if it is worth negotiating with a government that has lost the reason”. if Brussels has to seek new trade agreements outside the United States, “she added.
The stars in the red – Swiss stock exchange begins decreasing
In the immediate future. the Swiss Stock Exchange did not make much of this new episode in the trade war. Around 09:05 am, the SMI star index fell 0.36% to 11,888.13 points, after closing in sharp drop of 1.60% on Friday. The SLI abandoned 0.53% at 1963.10 points and the SPI lost 0.41% to 16,560.36 points.
Almost all of the star values started in the red. the swiss stock exchange begins decreasing highest drops being recorded by the values of luxury Swatch (-2.23%) and Richemont (-1.8%). Additionally, The Biennese watchmaker. who does not disclose a specific date – could publish his half -yearly results this week and his Geneva counterpart is expected on Wednesday.
According to analysts interviewed by AWP, Swatch semi -annual sales are anticipated at 3.2 billion francs and net profit at 100 million.
Unlike the negative pre-soon, the NOVARTIS pharmaceutical heavy goods vehicle (+0.4%) won the field. According to Reuters, the laboratory underwent a defeat to a district court of the US state in Delaware. The latter refused to ban the Indian pharmaceutical group MSN Pharmaceuticals from launching a generic of the medication for. the entesto heart.
The other large Roche capitalization (+0.2%) also supported the index, while Nestlé (-0.2%) fell somewhat.
Further reading: An “aggressive bull” is walking at La Grande Béroche – Switzerland: UDC wants to prohibit trans surgery in minors – Polemian sticker: Italo-Swiss Quiproquo in Ticino – Switzerland and Kosovo strengthen their strategic partnership in the field of defense – Léman: Michel Perrissol, last of a line of fishermen.
