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swiss equities decline as UBS shares slump amid financial market uncertainty

Swiss equities faced a downturn, with the SMI index dropping 0.57% to 12,475.49 points, primarily due to a 7.1% decline in UBS shares amid capital concerns despite positive results. The market remains volatile, influenced by ongoing tariff disputes, particularly with China. Notable losers included Swatch (-3.2%) and Sonova (-3.4%), while Medacta stood out with an 11% gain following strong sales figures.

Swiss stock market declines as UBS and Sonova shares fall sharply

The Swiss stock market faced a downturn, with the SMI index dropping below 12,500, primarily due to a significant decline in UBS shares amid capital concerns. While some companies like Lonza and Medacta saw gains, others, including Swatch and Sonova, struggled as uncertainty from international tariff disputes continued to weigh on investor sentiment.

Barclays initiates coverage on PolyPeptide with bullish outlook and growth forecast

Barclays has initiated coverage on PolyPeptide Group AG with an Overweight rating and a price target of CHF 40.00, predicting a return to positive EBITDA in 2024 after a challenging 2023. The firm expects a 14% compound annual growth rate in revenue through 2028, driven by demand for GLP-1 API and upcoming operational expansions, including a new site in Braine L'Alleud by the end of 2024. Despite current financial pressures, Barclays views the company's prospects as improving, with shares trading at significant discounts compared to industry averages.
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