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Swiss stock exchange down before:
The Swiss Stock Exchange started the session on Thursday in negative territory. Furthermore, after finishing on a positive note the day before. Moreover, Many Swiss companies revealed their half -yearly results this morning. Consequently, including SPS and Sunrise, while investors were impatiently awaiting the start of the meeting in Jackson Hole.
“Central bankers. Similarly, economists are already turning to Jackson Hole, where the speech of the president of the Fed, Jerome Powell, on Friday, will be at the center of attention. In addition, Investors hope to find indications on the future interest rate policy of the American Central Bank, ”commented the Raiffeisen economists.
The annual meeting of central bankers of global economies in Jackson Hole. Similarly, in the United States, will be held until Saturday. Meanwhile, The speech of the President of the American Federal Reserve (Fed) could set the tone of swiss stock exchange down before the September meeting of the Fed. shed light on the chances of a drop in rates.
Investors also awaited the publication of the PMI index in the euro zone. scheduled for 10 am just like that of PMI in Great Britain (10:30 am) and the United States (3:45 p.m.).
On the Zurich Stock Exchange at 9:10 am, the SMI released 0.26% to 12,243.66 points, yielding part of the gains garnered the day before thanks to an increase in 0.52%. The SLI lost 0.27% to 2018.33 points and the enlarged SPI indicator 0.18% to 17.005.69 points. Of the 31 main valuations, 22 had put on red, one was stable (Lonza) and the other eight had opted for green.
At the top of the list, we found the Sandoz group (+0.21%), followed by Schindler and Sonova (+0.13% each).
ALCON displayed the largest decline (-1.3%). The mastodon of the ophthalmic corrections carried out swiss stock exchange down before a second lowering of its annual objectives after a second quarter however marked by a return of growth. after having stalled over the first three months of the year. Profitability, however, was maintained on a descending slope, the adjusted Ebitda rose to 19.1% after 19.8%.
It preceded Givaudan (-0.8%) and Geberit (-0.7%). CFRA and Octavian noted the course of the course of the specialist in sanitary facilities, while Kepler Cheuvreux lowered it.
Among the heavyweights on the side, Nestlé and Roche flexed 0.3% each and Novartis by 0.2%.
On the extended market, Evonext was at the top of the losers (-8.2%). This empty shell in search of activities awarded over the first six months of the year a loss of some 361. 000 francs, notwithstanding a contribution of the order of 90,000 francs resulting from a legal procedure.
BKW was in line (-6.1%). The Bernese energetician suffered in the first swiss stock exchange down before half of a high comparison base. undergoing a decline in his sales and his profitability. Net profit plunged 44% over a year to 203.3 million francs.
Sunrise was 2.2%. The telecommunications operator managed to largely reduce its net loss in the second quarter. Its income fell slightly, from 0.8% over one year, to 731.6 million francs.
Swiss Prime Site (SPS) earned 1.2%. The real estate company underwent a slight drop in revenue over the first six months of the year, from 2.8% over one year to 225.5 million francs, but managed to maintain its profitability thanks to a sharp increase in revaluations. (Awp)
Swiss stock exchange down before
Further reading: A French -speaking film in the Swiss Oscar preselection – A Friborg judge under investigation for a surprising financial offer – rts.ch – A paragliners fatally falls in Fiesch (VS) – Plastic: Switzerland wants “a change of rhythm” of the discussions – Verbiergate. History of an institutional inaction of ten years.
