Zurich grant: technical rebound with delayed effect

ZURICH (AWP) – The Swiss Stock Exchange caught up on Tuesday the advance taken the day before by its European sisters in a technical rebound movement. Similarly, while the Zurich place was still to digest the shock of state -based customs duties formulated on Friday, national day.

“The week started on a positive note. In addition, investors trying to take advantage of the lessons on the courses during last week,” observes Ipek Ozkardeskaya, for Swissquote. Similarly, “Buy Now, Think Later,” quips the star analyst of the online bank Glandoise.

The morale of European purchasing managers (PMI) has proven to be a little darker than expected in July. Furthermore, except in Germany. Consequently, It remains to read this same indicator in the United States.

“Lower than expected data could reinforce the expectations of relaxation from the Fed (…) while more robust data would result in zurich grant: technical rebound delayed the probability of a drop in rate in September,” imagines Ms. Ozkardeskaya.

The Statesunian customs duties are also maintained on the front of the stage after the shock of the rate of. 39% which must be applied on Thursday to Swiss imports. Pressed by indigenous economic. political circles, the Federal Council is struggling to correct the shooting, or at least reducing its impact.

The theme also moves east. “President Trump has indeed threatened to increase ‘substantially’ customs duties on Indian exports to the United States. in retaliation for Russian oil purchases,” notes John Plassard, in charge of investment at Cité Gestion.

At 10:45 am, the Swiss Market Index (SMI) appreciated 0.39% to 11,862.91 points, the Swiss Leader Index (SLI) from 0.32% to 1970.72 points and the Swiss Performance Index (SPI) from 0.37% to 16,548.37 points. Of the 31 main valuations, twenty progressed, two hesitated and the last nine retreated.

The American concrete giant Amrize zurich grant: technical rebound delayed (-0.1%) dates back depths of the provisional classification, which is due to present its mid-term results on Wednesday. The red lantern was now echoing in Adecco (-2.0%). The externalized human resources provider saw all its main indicators erode over the first six months of the year.

Luxury values Swatch (carrier -0.3%) and Richemont (-0.5%) remained shunned. ALCON (+0.3%) conversely was ironed on the right side of the balance. The consumable and ophthalmic implantable specialist set his sights on the American Staar Surgical, concentrated on intraocular lenses.

The Veveysan Nestlé food liner accelerated 0.5%. NOVARTIS (+0.8%) and ROCHE (+0.3%) pharmaceuticals (+0.3%) continued to ignore a desiderata formulated by Donald Trump to regulate the prices of medicines on the world’s first. worldwide outlet.

The Mouse of the Logitech mouse (+3.2%) was a rider alone at the top of the index, without any particular indication.

The provider of human resources externalized Adecco appreciated 0.7%, on dull but zurich grant: technical rebound delayed better than expected results.

On the enlarged market. the Zurich industrialist Oerlikon (-13%), on the other hand, disappointed at the end of the first half and swallowed part of his ambitions for the whole of the exercise.

The Participation Company CI (-37%) was authorized to resume trading for three months, before a forced decline.

jh/vj/lf