The Swiss stock market closed lower, impacted by US tariffs on cars and parts, with the SMI falling 0.7% to 12,867 points. UBS shares plummeted 4.1% after a downgrade by Bank of America, while Roche and other companies also faced losses. In contrast, Nestlé and Alcon saw gains due to positive developments in their business sectors.
Swiss stock market declines amid US tariff concerns and weak bank performance
The Swiss stock market closed lower, impacted by US tariffs on cars and parts, with the SMI falling 0.7% to 12,867 points. UBS shares plummeted 4.1% after a downgrade by Bank of America, while Roche and other companies also faced losses. In contrast, Nestlé and Alcon saw positive movements due to business developments.
swiss stock market remains positive after snb interest rate cut
The Swiss stock market remained positive following the Swiss National Bank's decision to cut its key interest rate by 25 basis points to 0.25%. Analysts expect this to be the last cut for the year, with inflation forecasts suggesting no need for further reductions. The SMI index rose by 0.11%, led by Nestlé, while Swissquote shares fell by 7.7% despite reporting a strong fiscal performance.
Swiss stock market remains positive after SNB interest rate cut
The Swiss stock market remained positive as the Swiss National Bank (SNB) cut its key interest rate by 25 basis points to 0.25%, a move anticipated by analysts. The SMI index rose by 0.11%, led by Nestlé and Alcon, while Swissquote shares fell 7.7% despite reporting a strong fiscal performance. HOCN shares surged 19% amid plans to appeal a delisting decision.
deutsche bank downgrades adecco to hold amid economic uncertainty in europe
Deutsche Bank has downgraded its rating on Adecco shares from 'buy' to 'hold', reducing the price target from 36 to 25 Swiss francs. The firm expressed concerns about the impact of the current economic climate on the recruitment market, particularly due to heightened political and economic uncertainty in Europe, with significant effects expected in the UK, France, and Germany. Adecco's substantial exposure to the French market is likely to negatively affect its earnings prospects.
adecco shares decline as deutsche bank downgrades outlook amid economic concerns
Adecco shares fell significantly on the Zurich Stock Exchange after Deutsche Bank downgraded its recommendation from 'buy' to 'hold', citing concerns over the impact of economic uncertainty and tariffs on the recruitment sector. The analyst highlighted Adecco's heavy exposure to the French market, predicting a negative effect on earnings, and lowered the price target from 36 to 25 Swiss francs.
analysts update recommendations and price targets for major european companies
Analysts have made several notable changes to their recommendations and price targets for various companies. Adecco Group was downgraded by Deutsche Bank, while Ahold Delhaize saw its target raised by KBC Securities. Anheuser-Busch Inbev received an upgrade from ING Bank, and Ferrari's target was increased by Jefferies. Other significant adjustments include downgrades for Porsche and Fevertree Drinks, alongside upgrades for companies like Victrex and Soitec.
Swiss stock market dips as labor data and tech sector woes weigh down indices
The Swiss stock market experienced a slight decline, with the SMI closing 0.24% lower at 12,593.34 points, marking its first loss after six weeks of gains. Swisscom and Holcim saw gains amid merger rumors, while financial stocks like Julius Baer and Partners Group faced significant losses. The US labor market data influenced investor sentiment, with employment growth slightly below expectations but a drop in the unemployment rate to 4%.
analysts update recommendations and price targets for key european stocks
Analysts have made several notable recommendations, including JP Morgan maintaining an Underweight rating for Adecco with a reduced target of CHF 19.60, while Air France-KLM was downgraded by Barclays to Underweight with a target of EUR 7. ArgenX received a buy rating from HC Wainwright & Co, raising its target to 717 USD, and BioMérieux was upgraded to Outperform by Oddo BHF with a target of EUR 132. Other significant changes include upgrades for Deliveroo and Orange, while OVH Groupe remains a sell with a raised target of EUR 8.50.
healthcare staffing market projected to reach 65.92 billion by 2030
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