The Swiss Stock Exchange was clearly bounced in the first exchanges on Monday, in the wake of the trade agreement concluded between the United States and the European Union. Donald Trump and Ursula von der Leyen agreed in Scotland on Sunday that European products exported to the United States will be taxed at 15%, instead of the 30% initially articulated by the White House occupier in April.
“This agreement does not only aim to avoid a trade war, it represents a light green light for investors. The figure of 15%, considered by some as a compromise, is in fact a powerful catalyst: lower than fears (30%), wide in its scope and immediate in its effects. Businesses will “finally be able to integrate these figures into their forecasts,” notes John Plassard, investment manager at Cité Gestion.
“It is mainly the clues in the United States that should salute this success of Donald Trump, likely to overshadow his involvement in the Epstein scandal,” anticipate Raiffeisen experts.
In the other large component of the US customs duties, Washington and Beijing meet this Monday in Stockholm to try to extend the commercial truce. This is the third meeting between Beijing and Washington, after those in Geneva in May and London in June which had made it possible to end commercial climbing between the two countries.
For his part, Berne is still waiting for an agreement with the United States. President Donald Trump announced higher customs duties for the 1is August on imports from many countries including Switzerland, if no agreement is reached by then with their governments.
Green stars
At 9:15 am, the Swiss Market Index (SMI) appreciated 0.78% to 12,049.90 points, thus restoring above 12,000 points. The Swiss Leader Index (SLI) took 0.75% at 2000.03 points and the Swiss Performance Index (SPI) 0.76% to 16,838.28 points. Of the 31 star values, only four appear red: Swisscom (-0.3%), Swatch Group (-0.5%), the Bon Lindt and Lonza (Red Lanterns with -0.6%each).
The Logitech mouse giant – strongly exposed to the country of Uncle Sam – appreciated 1.9%.
The Rock enjoyment voucher followed with a gain of 1.6%. The Colossus Rhénan plans to make the stall of his research against Alzheimer’s disease during a congress in Canada, which is held until Wednesday.
The logistician Kuehne+Nagel (+1.5%) completed the trio of head, when the other NOVARTIS pharmaceutical heavy goods vehicle garnered 1.0%.
The Nestlé food liner was nibbled 0.3%.
Julius Baer (+0.7%) ignored the degradation to “Equal Weight” of the recommendation emanating from Barclays. (Awp)
