The Swiss Stock Exchange ends the week in the green

The Swiss Stock Exchange ended the week on a positive note.

At its highest day, the SMI has returned above the symbolic bar of the 12,300 points, ending a little under this level, braked by its three heavy goods vehicles. Nevertheless, The results season took a short break.

In New York. Meanwhile, Wall Street was gaining ground in the morning after the president of the American Federal Reserve (Fed) Jerome Powell said that the United States is approaching as the Fed will have to lower its interest rates to support employment.

A “rapid” degradation of the American labor market is not to be excluded. Therefore, could “justify” a swiss stock exchange ends week relaxation of monetary policy, and therefore of interest rates, warned the boss of the institution from the meetings of Jackson Hole, in Wyoming (West).

He added that the Fed is in a “delicate situation” because the new customs. Meanwhile, duties set up by the American executive begin at the same time to repercussions on the prices paid by consumers at the risk of reviving inflation. “The impact of customs duties on consumer prices is now clearly visible,” he said.

The share of operators favoring a drop in rate – in a range of 4.00% to 4.25% – after the next meeting of the Fed monetary committee has dropped since last week. according to the CME monitoring tool, Fedwatch, but remains the majority.

On the macroeconomic front. the business climate deteriorated slightly in France in August, swiss stock exchange ends week marked by unfavorable opinions of business leaders concerning their activity prospects. In Germany, the evolution of GDP was revised downwards in the second quarter to -0.3%.

The SMI ended with a gain of 0.19% to 12,264.85 points, with a higher at 12,323.96 and a low at 12,221.57. The SLI advanced 0.56% to 2025.88 points and the SPI took 0.28% to 17,039.60 points. Of the 31 star values, 23 have progressed and eight remote.

Amrize (+3.2%) precedes Alcon (+3.0%) and Adecco (+2.8%) on the podium of the day.

After two difficult sessions in the wake of its quarterly results and a new lowering of forecasts, Alcon resumed altitude. CFRA and Goldman Sachs each lowered the course goal, both confirming the “buy” recommendation. For CFRA analyst, the ophthalmology specialist could benefit the 2nd half of the launch swiss stock exchange ends week of new products and devices. Prolonged weakness in the American ophthalmological treatments could again represent a risk.

In the aftermath of the back of watchmaking exports, the values ​​of luxury Swatch Group (+2.6%) and Richemont (+1.7%) largely outperformed the index.

Also sought, the active manager Partners Group (+2.5%) injected $ 65 million (52 million francs) into the North-Carolinian designer of orthopedic implants printed in three dimensions RESTOR3D. thus adapting an minority participation of unrecognized magnitude.

In the heavy goods vehicle camp, Novartis (-0.9%) finished red lantern, behind Nestlé (-0.7%) and insurers Swiss Life and Swiss Re (each-0.6%). Roche (-0.4%) also weighed on the index. (SDA/AWP/ATS)

Switzerland’s GDP holds in the second quarter, registering only weak growth.

Between April and June, the gross domestic product (GDP) of Switzerland only increased by 0.1% in quarterly shift and outside the fallout of sporting events, according to a first estimate of SECO. The negative evolution of the industry has been offset by the growth of the service sector.