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Zurich stock exchange: smi continues:
Zurich (AWP)-The Swiss Stock Exchange continued to flesh out its earnings on Thursday as mid-day. However, like the other markets on the planet, optimistic about negotiations with the United States on customs duties. For example, The SMI maintained above the symbolic bar of the 12,000 points.
European scholarships crossed records on Thursday. Furthermore, “The fact that the United States continues to negotiate with the European Union (EU) is perceived on the stock. Similarly, market as a sign of strength. In addition. despite the customs duties already in place, the growth remains solid, relegating this question to the background while the courses continue their rise,” notes Jochen Stanzl, analyst at CMC Markets, quoted by AFP.
The objective of the EU is immediately to also obtain the maintenance of customs duties applied to European products at 10%. instead of the 20% announced in early April, zurich stock exchange: smi continues with exemptions for key sectors such as aeronautics, cosmetics and alcoholic beverages. Investors are also digesting Donald Trump announcements on reciprocal customs duties for a new series of countries, including Brazil, 50%surcharged.
“The new announcements that were made after the closing of the US markets on Wednesday. however, report a more aggressive tone of the American president,” said Jim Reid, an economist at Deutsche Bank, quoted by AFP.
The United States will publish weekly unemployed registrations on Thursday afternoon. “a key labor market indicator that can report an economic slowdown”, according to investment experts from Mirabaud.
In Switzerland, the mortgage market continued to move forward last year. The total volume of real estate credits displayed an increase of 2.6% to 1271 billion Swiss francs.
On the Swiss Stock Exchange, the SMI star index progressed around 11:00 a.m. from 0.73% to 12,094.56 points. SLI earned 0.83% at 1993.04 points. The SPI, meanwhile, climbed 0.67% to zurich stock exchange: smi continues 16,791.77 points. Of the 31 star values, twenty-eight advanced and only three retreated.
ALCON (+2.6%) jealously kept the lead in the provisional classification, ahead of SIG Group (+2.2%) and Swatch (+1.9%). ABB (+1.6%) failed at the foot of the podium.
The heavy goods vehicles on the Novartis (+0.8%) and Roche (+0.5%) rating also drew the index upwards.
Swiss Re (-0.04%) and Nestlé (-0.09%) fell into the losers’ camp. The red lantern returned to Lindt (-1.4%).
On the extended market, Barry Callebaut (-14.0%) unscrewed after the presentation of its results over nine months. The transformer of cocoa products saw its sales jump from 49.5% to 10.95 billion Swiss francs during its staggered exercise 2024-2025.
On the other hand, Tecan (+5.0%) flew. Additionally, The laboratory equipment supplier will take leave in August from its managing director (CEO) Alexander von Leoprechting.
DKSH (+1.2%) also gained ground. The distribution service provider makes the stall of new contracts Thursday. starting with zurich stock exchange: smi continues a mandate from the German pharmaco-chemical juggernaut Barpour.
cw/fr
Zurich stock exchange: smi continues
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