Home » Economy » +++ Exchange ticker +++ – Dispute over wall financing weighs on US stock exchanges News

+++ Exchange ticker +++ – Dispute over wall financing weighs on US stock exchanges News

Wednesday, August 23rd, 2017 | Economy

22:30
Headaches prepared investors in the US, especially President Donald Trump's threat to let it arrive at a "government shutdown" – a sort of foreclosure of state authorities. The investors also looked anxiously at the appearance of Fed CEO Janet Yellen at the traditional central bank summit on Friday in Wyoming.
The Dow Jones index of default values ​​fluctuated between a high of 21'866 and a low of 21'808 points. It goes 0.4 percent weaker at 21'811 meters from the trade. The broader S & P 500 also lost 0.4 per cent and slumped at 2444 points. The Nasdaq technology market drops 0.3 percent to 6278 points.
Trump wants to increase the pressure on the congress with his "Shutdown" -dossung, which does not want to approve the means for building the Wall so far. In the face of numerous quarrels in the White House, investors are already increasingly worried about the fact that Trump can implement important projects such as the tax reform or large-scale investments in the infrastructure.
Lowe's papers focused on the individual values. The DIY chain fell short of expectations in the past quarter and capped its forecast for the full year profit margin. Lowe's shares are losing 3.7 percent.
After the advertising agency WPP had already caught up with an 11 per cent price drop in London, the US listing did not get any better: the price was almost 12 per cent down. Because of the declining advertising budgets of large consumer goods manufacturers such as Unilever or Nestlé, the company cut its sales targets for the second time within half a year.
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17:40
The Swiss stock exchange has easily lost ground after the recent gains on Wednesday. The SMI drops by 0.1 per cent to 8958 points by the end of the exchange period. The domestic political dispute in the US with uncertain consequences unsettling investors, traders say. President Donald Trump had threatened to get a "government shutdown" in the conflict over the financing of the promised border wall to Mexico – a kind of forcing the state authorities. "How does he really want to bring in the promised political and economic reforms?" Asks a dealer.
The focus was on companies from the broad market. Emmi's shares fell 9.2 percent. The milk processor lowered his sales forecast and missed the winners' expectations in the first half year. The ZKB reduced the recommendation to "underweight" of "market weights". A trader also talks about profit taking. "The numbers were good, but not good enough to justify the high valuation."
The pharmaceutical supplier Siegfried also disappointed with the sales figures. The shares lost 2.7 percent.
The shares of the shipping pharmacy Zur Rose are held. Expenditures for marketing, personnel and the exchange rate depressed the company in the first half of the year more deeply than expected in the market.
For the default values, the losers are in the excess. However, several cyclical companies are among the price-winners. The shares of the electrical engineering group ABB, the luxury goods manufacturer Richemont and the construction chemicals producer Sika are increasing slightly.
The title of the cement group Lafarge-Holcim is showing that those of the Adecco personal service provider and the flavor and perfumer Givaudan are unchanged. Geberit's stake is 2.2 percent. RBC took the recommendation for the sanitary engineering company back on "Underperform" from "Sector-Perform".
The majority of the bank shares are price losses. Credit Suisse is down 0.1 percent, UBS is losing 0.3 percent and Julius Baer fell 1.6 percent. The asset managers GAM Holding and EFG International are on the other hand. Insurers are without direction. While Zurich is up 0.1%, Swiss Life is down 0.4%.
The heavy-weight pharmaceuticals Novartis and Roche are easily tolerated. The shares of the third SMI Giant Nestlé are slightly higher. (Read the full stock commentary on Wednesday.)
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15:45
Concerns about the worsening of the domestic political dispute in the US are weighing Wall Street at the middle of the week. President Donald Trump had threatened on Tuesday evening to get a "government shutdown" in the conflict over the financing of the promised frontier wall to Mexico – a kind of forcing the state authorities. Trump wants to increase the pressure on the congress, which does not want to grant the funds for building the Wall so far. In the face of numerous quarrels in the White House, investors increasingly question the fact that Trump can implement important projects such as the tax reform or large-scale investments in the infrastructure.
The Dow Jones index of default values ​​opens at a rate of 0.4 percent at 21,188 points. The broader S & P 500 also lost 0.4 percent to 2443 counts. The Nasdaq technology index drops 0.5 percent to 6263.
On the courses also trumps announcement to cancel the free trade agreement Nafta with Canada and Mexico. The three countries are currently negotiating a new version of the pact, which Trump has described as very bad for his country.
The individual values ​​focus on Lowe's papers. The DIY chain fell short of expectations in the past quarter and capped its forecast for the full-year profit margin. Lowe's shares are losing 5.4 percent.
Lowe's earnings and slides its profit marginreport https://t.co/OhR2TvZDLv pic.twitter.com/7Mxvqjk7dt
– Business Insider (@businessinsider) August 23, 2017
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12:40
The Swiss stock market rebounded on Wednesday after the strong day before and remained below the mark of 9000 points. Unexpectedly strong data from the purchasing managers in the euro zone, mainly from the industry, did not boost the local dividend paper. The trade is characterized by restraint, it is called in market circles. Despite the slight easing in the "Korea crisis", the threat posed by it still exists.
The SMI will drop 0.3% to around 8940 points. The 30-share SLI, which does not contain the largest weightings, falls by 0.2% to 1428 points and the broad SPI 0.2% to 10'207. Of the 30 most important titles are 19 in minus and 11 in plus.
Most currently under pressure are Julius Baer (-1.7%). However, the bank shares had still been among the biggest winners in the previous week and also reoccurred on Monday and Tuesday.
The Schlusstrio also includes Aryzta (-1.1%) and Geberit (-1.3%), which suffer from a downgrade by the Royal Bank of Canada. This re-marks the titles with "Underperform", after "Sector Perform", with a slightly lower price target. It is difficult to reconcile the valuation premium of the stock with the slowing organic growth, the weaker cash conversion as well as the negative income revision, the bank justifies. In addition, the recent bullish of some metal prices is not conducive to price developments.
Dufry (-0.7%) and Lindt & Sprüngli (-0.6%) are more depressed. However, most taxes on the overall market are levied in Novartis (-0.6%) and Roche (-0.4%). The two big banks tend to be inconsistent with a drop of 0.4% for UBS and a plus of 0.1% for CS. Nestlé (+ 0.1%) are also on the upside.
On the winners' side, Vifor (+ 0.8%) remain top, with a further recovery attempt after the last strong losses. Meanwhile, an increasing number of short-term buyers were exposed in the securities, it is said on the market. For this reason, individual investment purchases could trigger a series of short covers.
In the broad market Emmi are below the expectations with a minus of 9.5% below the expectations, while the top level reached around 12%. The milk processor has published its half-year figures and, above all, on sales and EBIT levels, was below expectations. However, market circles have justified the high losses but also the performance of the share over the last two years. According to the strong share price development of the past weeks, profit-taking is to be expected, according to Baader Helvea. The Zürcher Kantonalbank, however, has already downgraded the titles to "underweight" from previously "market weights". (Read the full stock market report for lunch.)
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10:25
The Swiss stock market crumbles on Wednesday after a sustained start in the course. Although the guidelines from the US are friendly and the franc has weakened against the euro and the dollar, dealers say. But before the Eurozone and the USA's upcoming shopping managers' indices, and the symposium of the central bankers in the US Jackson Hole, starting on Thursday, no one would lean too far out of the window. Of the economic data and the central bankers, the investors hope to see the further development of monetary policy in the USA and Europe.
The SMI drops by 0.3 percent to 8933 counts. On Tuesday, the leading index rose by 0.9 percent.
In the absence of any other impetus, investors are focusing on shares from companies from the second row. Emmi's shares fell by 9.2 percent. The milk processor has lowered the sales forecast and also slightly missed the market estimates. The ZKB downgraded the rating to "underweight" from "market weight".
The drug producer Siegfried also disappoints sales. The share lost 6 percent.
The shares of Zur Rose weaken by 0.5. The shipping pharmacy could not fully meet the expectations of the analysts, explain traders. To Rose had made more loss than expected.
The stocks of the cement group Lafarge-Holcim are increasing by 0.4 percent and the electrical engineering group ABB is gaining 0.2 percent. The titles of the Adecco personal service provider are also slightly higher.
The insurance companies tend to be friendly in the financials. Zurich and Swiss Re are held. The major banks Credit Suisse and UBS are losing ground, while Julius Baer hold the red lantern at minus 1.7 percent.
The Geberit share is down 1.3 percent. RBC downgraded its rating for the shares of the sanitary engineering company to "Underperform" from "Sector Perform".
The heavyweight pharmaceuticals Novartis and Roche are about half a percent in the negative. The Nestlé food index loses 0.2 percent.
In the broad market, stocks of machine and plant builders such as Oerlikon, Rieter, Georg Fischer and Schindler suffer from profit taking.
Property values ​​occur on the spot. PSP, however, thanks to a purchase recommendation of the ZKB 1.1 per cent.
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09:50
After a reduction in the forecast, investors are separated from the shares of Emmi. The milk processor's brand slumped 7 percent on Wednesday in a slightly weaker market to CHF 676.50. At the opening of the stock exchange, the share had even rumbled on a previous day of 638.50 Swiss francs.
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09:15
The SMI dropped 0.1 cents to 8955 points. The general stock market trend initially benefited from a slight easing on the verbal front between the US and North Korea, as well as new hopes of a recovery of the tax reform in Washington.
In market circles, however, it is pointed out at the same time that these hopes had already dissolved a few times in air. And the Korean conflict could also intensify at any time. The volatility index VSMI as anxiety barometer remains accordingly at an elevated level. In Asia, US President Donald Trump also caused uncertainty, which threatened once again with the dissolution of the Nafta agreement.
On the Swiss market, Geberit (-1.4 percent) is burdened by a downgrade by the Royal Bank of Canada. This re-marks the titles with "Underperform", after "Sector Perform", with a slightly lower price target. It is difficult to reconcile the valuation premium of the stock with the slowing organic growth, the weaker cash conversion as well as the negative income revision, the bank justifies. In addition, the recent bullish of some metal prices is not conducive to price developments.
The heavyweights of Roche (-0.4 percent), Novartis (inc.) And Nestlé (+0.06 percent) do not support the SMI. Swiss Re (+0.4 percent) and Zurich (+0.1 percent) are among the few winners after start of trading.
In the broad market, the shares of Emmi, the milk processor, are the focus of the half-year figures. This has missed the market expectations with both sales and profit, and somewhat reduced the forecasts for sales. Also figures presented the pharmacist Siegfried, whereby the sales were also deeper than expected. On the other hand, the margins were clearly above the forecasts.
In addition, the shipping pharmacy Zur Rose has presented half-year figures for the first time since the listing on the SIX Swiss Exchange.
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08:40
The euro did not find a clear direction in early trading on Wednesday. After some fluctuations to a small extent, the Community currency was last at 1.1754 dollars, which is roughly the same as the previous day. The euro is also virtually unchanged compared to the Swiss franc at 1.1378 Swiss francs. Correspondingly, the dollar-franc exchange rate has hardly changed with 0.9680 francs.
Meanwhile, the British pound remains under pressure. On Wednesday, a euro cost up to 0.9177 pounds. This has reached a peak since 2009 – apart from a brief "flash crash" at the pound last October.
According to traders, last but not least the restrained reactions on the part of the EU to the proposals from London: last Monday, the British Brexit Ministry presented a position paper on the future trade with the EU, on Wednesday a paper on the future role of the European Court of Justice For Great Britain and proposals for data protection will be available on Thursday.
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08:20
The SMI shows an increase of 0.13 percent, rising to 8975 points. The recovery trend could continue somewhat, said a trader. The guidelines from the USA were friendly and the franc had weakened against the euro and the dollar.
However, investors may be reluctant to keep up with the purchasing managers' indices to be published during the day from the euro zone and the US. Also due to the start of the symposium on the Thursday of the Notenbanker in the US Jackson Hole should not be expected with increased readiness of the market participants, it continued.
The Credit Suisse share is the most buoyant (+0.2 percent). The remaining shares are also slightly higher (at pre-market prices). In minus, the Geberit share (-0.89 percent) is the only one. The Royal Bank of Canada has now downgraded the Santi group to "selling". According to Canadians, the slowdown in growth is not in line with the high valuation of the share.
#Switzerland today: Emmi, Zur Rose report earnings pic.twitter.com/Ew0ZsJwFEZ
– Bloomberg Zurich (@switbloom) August 23, 2017
In the absence of any other impetus, investors are focusing on shares from companies from the second row. The milk processor Emmi, the drug producer Siegfried and the shipping pharmacy Zur Rose have published the interim balance sheets and thus can not fully meet the expectations of the analysts. Emmi corrected the sales forecast for the year as a whole. Siegfried delivered a mixed picture. "The reingewinn is higher than expected, the rest is underneath," said a trader. To the rose again had made more loss than assumed.
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8:15
The good Wall Street sentiment on Wednesday jumped only marginally to the Asian stock markets. New statements from US President Donald Trump held back many investors from exposure. Japan's prices rose moderately, but fell in Australia and South Korea. In mainland China, investors differed. The Hong Kong stock exchange closed due to Taifun Hato.
Hong Kong hoists its highest storm warning in five years as Typhoon Hato hitshttps: //t.co/yqJtzOj6aZ
– Wall Street Journal (@WSJ) August 23, 2017
On the eve, Trump had raised uncertainty on several fronts during a performance before supporters in the city of Phoenix, Arizona. On the one hand, he questioned the North American free trade area Nafta, which raised the general concern for free trade. On the other hand, he threatened with the stoppage of the federal authorities if he did not receive the funding from the Congress for his required wall on the border with Mexico.
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07:40
The typhoon "Hato", furious in southern China, lures Hong Kong stock exchange trading. The stock market remains closed all day. In Hong Kong, hundreds of flights are canceled, schools and many offices are expected to remain closed.
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07:35
Oil prices fell in early trading on Wednesday. A barrel (159 liters) of the North Sea Brent for delivery in October cost 51.69 dollars in the morning. That was 18 cents less than on Tuesday. The price of a barrel of the American variety West Texas Intermediate (WTI) fell by 13 cents to 47.70 dollars.
"Oil price spike"
– Jim Watkins (@jimatworldoil) August 23, 2017
The correction of a pipeline blockade in Libya had something on the prices pressed, it was from the trade. A few days ago the aid had been stopped on the biggest oil field of the country because of the blockade.
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6:45
The Nikkei index rose by 0.3 percent to 19'444 points, while the wider topix also increased by 0.3 percent to 1600 meters. Many investors hope that the US Republicans can still agree on a tax reform. There is also the hope that the debt ceiling will be raised in time so that the US government will not suffer from payment difficulties.
Toshiba's focus was on individual values. According to one report, the electronics company is concentrating on the sale of its chip division on Western Digital. Investors are hoping for a faster conclusion of the business. The shares rose by 4.6 percent. On the foreign exchange market, the dollar was trading at 109.47 yen. The euro was 1.1763 dollars.
(Reuters / AWP / cash)

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