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Swiss stock market rebounds as political uncertainty influences trading dynamics

The Swiss stock market rebounded on November 11, 2024, with the SMI closing 0.89% higher at 11,902.79 points after three weeks of losses. Swiss Re shares surged 3.6% following a UBS upgrade, while cyclical stocks like Sika and ABB also gained. Political developments, particularly regarding US President-elect Donald Trump, are expected to influence market volatility in the coming weeks.
07:04 11.11.2024

Swiss equities rise as UBS reports strong earnings amid busy reporting season

The Swiss stock exchange is experiencing a busy reporting season, with UBS reporting a better-than-expected billion-euro profit and Sandoz raising its sales outlook. The SMI is up 0.27% in pre-market trading, while Novartis received FDA approval for a leukemia treatment. Meanwhile, Swatch faces a "Sell" rating, and Kühne+Nagel sees a decline after a target cut.
08:46 30.10.2024

Swiss equities rise as UBS reports strong earnings amid busy reporting season

The Swiss stock exchange is active with the reporting season, highlighted by UBS exceeding profit expectations and Sandoz raising its sales outlook. The SMI is up 0.27%, while major US tech firms, including Microsoft and Meta, are set to report, amid anticipation for the US labor market data. Novartis received FDA approval for a leukemia treatment, while Swatch and Richemont received mixed ratings from Berenberg.
08:45 30.10.2024

Asian markets cautious ahead of US elections as SMI closes lower

The SMI closed lower while Roche's share price surged, and Kühne+Nagel hit an annual low following disappointing figures. In Asia, investors are cautious ahead of the US presidential election, with the Shanghai index up 0.5% and Tokyo's Nikkei down 0.3%, as political uncertainty weighs on market sentiment. Automakers like Toyota and Honda saw gains, benefiting from a weaker yen, but overall investment activity remains subdued as traders await election outcomes.
06:05 23.10.2024

swiss stock market opens lower amid declining inflation figures

The Swiss stock market opened lower on Thursday, influenced by a slowdown in consumer price inflation, which rose by 0.8% year-on-year in September. The leading SMI index fell by 0.20%, with 25 of the 30 major stocks declining, while Sandoz, Novartis, and Givaudan were among the few gainers. Analysts anticipate a potential rate cut by the Swiss National Bank in December 2024 due to declining inflation forecasts.
09:00 03.10.2024
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