Home » Economy » +++ Exchanges Ticker +++ – Swiss Exchange conquered zone by 8800 points back | News

+++ Exchanges Ticker +++ – Swiss Exchange conquered zone by 8800 points back | News

Tuesday, August 29th, 2017 | Economy

Recovery on the Swiss stock exchange: In the late business, however, the losses after the release of the higher than expected US consumer confidence were again something. The leading index SMI was still 0.6% lower, with 8815 points. Shortly, the leading index had fallen to 8750 points – the lowest level in four months.
Market participants hope that the distortions are of a short-term nature. "Usually, political stock exchanges have short legs," said a trader. It would be a good thing if the SMI could recover again in the trading range valid for several months from 8800 to 9200 points.
In addition to the North Korean crisis, the traders were "Harvey". JP Morgan estimates the damage caused by the tropical storm to $ 20 billion, making Harvey one of the ten most expensive hurricanes in US history. The shares of Swiss Re and Zurich each lost 1.7 percent. But also the shares of Baloise, Helvetia and Swiss Life lost. "But the industry is also increasingly creating the deeper bond yields," said a trader.
A certain support for the market constituted the crises-resistant and heavy-weight Nestle shares with a Kursplus of 0.3 percent.
Please see the detailed closing stock exchange report.
The renewed North Korea rocket test has only weakened the share prices on Wall Street on Tuesday. Compared to the European stock exchanges, the losses on health are clearly limited. The US leading index Dow Jones Industrial makes up for the major opening losses after a short time and stands only 0.06 percent lower to 21 795.33 points. The 500-value S & P 500 is down by 0.17 percent to 2440.09 points.
There was positive news from the economy: Consumer spending in the USA turned out to be better than expected in August.
Consumer confidence strengthens in August https://t.co/kTGlwFO32u
– MarketWatch (@MarketWatch) August 29, 2017
"The moderate price losses on the US stock markets suggest that investors in Europe are mainly concerned with the increasingly strong euro," said a trader. In addition, US President Donald Trump had sharply condemned the North Korean rocket test but had not announced any immediate measures.
Uncertainty sets the course on the Wallstreet. The trigger was the launching of a North Korean rocket, which crossed Japan's territory and crashed into the sea. US President Donald Trump said the leadership in Pyongyang was an increasing threat to the world and did not rule out a military response again.
The Dow Jones Index of Standard Values ​​recorded 0.5% lower at 21708 points in the first few minutes. The broader S & P 500 also lost 0.5 percent to 2432 counts. The Nasdaq technology index fell 0.7 percent to 6,241. "Investors are either on the side line until the dust settles, or take profits," said market analyst Naeem Aslam from the online trading house Think Markets UK.
In the face of political tensions in the Far East, investors were looking for safe harbors. The gold price went up – as did the stock prices of companies that are promoting the precious metal. Kinross Gold climbed 2.7 percent, Harmony Gold by 5.3 percent.
U.S. Stocks open lower https://t.co/wHOHrGqw1J pic.twitter.com/3FjJZfaXYL
– Bloomberg Markets (@markets) August 29, 2017
On the oil market the tropical cyclone "Harvey" and the effects of flooding on the oil industry on the southern coast of the USA remain the dominant theme. Several refineries were closed in the US state of Texas. There is currently a sharp drop in demand for crude oil in the US, said expert John Kilduff of "Again Capital", a commodity trading house specialized in commodities.
Oil prices fell slightly on Tuesday. After a slight recovery in early trading, the quotations since the morning have been linked again to the losses from the week's onset. A barrel (159 liters) of the North Sea Brent for delivery in October cost around 51.48 US dollars. That was 41 cents less than on Monday. The price of a barrel of the American variety West Texas Intermediate (WTI) fell by six cents to 46.54 dollars.
Oil lake bumpy trade at Harvey's aftermath https://t.co/VgLuVyZDfD
– MarketWatch (@MarketWatch) August 29, 2017
Further declining prices on the Swiss stock exchange: Afraid of the resurgence of the North Korean crisis, investors remain covered and are supposed to turn to secure forms of investment such as government bonds or the Swiss franc. The volatility index VSMI as an "anxiety barometer" has grown significantly.
The Swiss Market Index (SMI) fell to minus 1.15% at midday and recorded at 8'762.06 points. The leading index thus fell to its lowest level since April. The escalation in the Far East also made the franc stronger, which also weighs on the mood on the local exchange. The EUR / CHF exchange rate fell significantly below the 1.14 mark, while the USD / CHF exchange rate (currently 0.9441) was temporarily down as low as two years ago.
The bank shares of UBS (-2.1%), Credit Suisse (-1.9%), Partners Group (-1.8%) and Julius Baer (-1.7%) are clearly in the downside. Geopolitical tensions typically also include cyclical papers such as LafargeHolcim (-2.0%), ABB (-1.7%), or those of the rice-retailer Dufry (-2.6%).
Read the full stock market report for lunch here.
In fear of a supply slack pass, investors were covered with industrial metals on Tuesday. The price of copper climbed by 2.2 percent to a three-year high of 6814 dollars per ton. In Shanghai, the raw material for power cables and water pipes reached a total of 53,050 yuan (8041 dollars), a four-and-a-half-year high. The nickel needed for the production of steel was as expensive as last November, at 11,840 dollars.

The courses at the SMI on Tuesday morning only one direction: south …

Kim Jong Our rocket test keeps investors in their breath. The SMI loses 1% to 8'7775 points by 10:20 h. The 30-share Swiss Leader Index (SLI), which does not contain the largest weightings, loses 1.2% to 1'401 and the broad Swiss Performance Index (SPI) 1% to 10'009 meters.
The escalation in the Far East also made the Swiss franc somewhat stronger again, which also weighs on the mood on the local exchange. The EUR / CHF exchange rate fell below the 1.14 mark, while the USD / CHF exchange rate fell below the 0.95 limit.
The financials of Credit Suisse (-1.8%), UBS (-2%) and Julius Baer (-1.7%) are clearly negative. Financials are often sensitive to geopolitical tensions.
The insurers Zurich (-1.9%) and Swiss Re (-2%) also suffer on Tuesday under the storm "Harvey" in the USA. The big question is how much exactly the insured losses will actually be.
Read more about the stock market opening here.
The Swiss Market Index (SMI) is trading at a drop of 0.7 percent at 8803 points and is thus heading for the fifth loss day in a row. The North Korean conflict is causing concern among investors. Dictator Kim Jong Un launched another ballistic missile that flew over Japan this time. A new escalation stage was reached, as a rocket flew over Japan for the first time without notice.
All SMI titles start in the loss zone. The insurers are particularly under pressure. The further price development of Zurich (-1.6 percent) and Swiss Re (-1.7 percent) will probably depend heavily on the extent to which the insured losses from the storm actually fail. Experts expect insured real estate losses in billions.
SGS (-0.9 per cent) also surpassed above-average on week-end. The Geneva Group is also active in the oil and gas sector and "Harvey" has met with Texas an important area for this sector. UBS and CS (-1.3 percent), the Nestlé heavyweights (-0.3 percent), Novartis (-0.8 percent) and Roche (-0.7 percent) are also under pressure.
Clariant (-0.5 per cent) had yielded significantly the day before, because in the trade after the storm "Harvey" was speculated about possible damage to the fusion partner Huntsman. Huntsman is headquartered in the city of Houston, hit hard by the hurricane. Schindler's participation certificates (-0.2 percent) are unlikely to benefit from an analyst vote by Goldman Sachs, whose analysts have marginally increased the price target for the lift and escalator manufacturer and confirmed their neutral rating.
In the broad market, various companies have presented half-year figures. For example, the real estate companies Allreal (-0.4 percent) and SFPI (+0.5 percent), the Tamedia publishing house (+0.4 percent), the Valartis financial group (+1.2 percent), the bottle manufacturer Vetropack (+0 , 6 percent), Zurich Airport (-1.3 percent), Feintool (-1.7 percent) and KTM (+0.4 percent), respectively.
The euro climbed on the psychologically important 1.20 mark for the first time since January 2015 and traded at 1.2012 dollars. The dollar index, which measures the value of the US currency against other currencies, dropped 0.3 percent to a one-and-a-half-year low of 91.95 points.
For the Swiss franc, the Community currency is above the 1.14 mark. The euro-franc exchange rate currently stands at 1.1417 (+0.1 percent).
According to the pre-market data of Bank Julius Baer, ​​the Swiss Market Index (SMI) is trading at 0.4 percent lower at 8825 points. On Monday, the lead index closed 0.5 percent lower. All SMI stocks are in the red, with the largest losses being recorded by ABB, Adecco, Credit Suisse, Givaudan and UBS (all -0.6 percent). Clariant (+ 0.1 per cent) is able to outperform the trend in the broad equity market.
North Korea fired a rocket on Tuesday morning, which flew over Japan and crashed into the Pacific. Japan's Prime Minister Shinzo Abe spoke of a serious threat. On the Asian exchanges, investors reacted with share sales. At the same time, the gold price climbed to its highest level since November 2016. Swiss francs, which were considered safe, were also in demand.
For example, the euro is about half a cent below the level of Monday evening with 1,1408 Swiss francs; In the low, the currency pair fell back to 1.1374. The US dollar traded at 0.9527 Swiss francs and at a low of 0.9490 at night on Tuesday.
Börsians in Europe are likely to keep an eye on the GfK consumer climate index for Germany in addition to the Asian situation. This week's talks on Britain's exit from Great Britain could also bring Brexit back into the forefront.
Asia stocks tumble and yen. Gold extends rally> $ 1,300, oil rebounded on damage from Harvey. pic.twitter.com/UwFDJvyxIq
– Holger Zschaepitz (@Schuldensuehner) August 29, 2017

The prices of crude oil have become more expensive. The Brent variety is traded at $ 52.05 (+0.3 percent). WTI costs $ 46.80 (+0.5 percent). The oil prices have thus recovered a little from the losses of the previous days. On the oil market the tropical cyclone "Harvey" and the effects of flooding on the oil industry on the southern coast of the USA remain the dominant theme.
UPDATE: #Harvey brings death, destruction to Houston
– Reuters Top News (@Reuters) August 29, 2017

The price of gold continues to grow. An ounce costs 1316.41 dollars on Tuesday morning. This is the highest level since November last year. The geopolitical uncertainties associated with North Korea are causing increasing demand. The fact that the Federal Reserve was hardly able to comment on monetary policy at the symposium of central bankers in Jackson Hole also pushed the dollar and stimulated the demand for the yellow precious metal. This year, gold has already increased by 14 percent.
North Korea fired a rocket on Tuesday, which flew over Japan and later fell into the Pacific. The Nikkei index with the default values ​​in Tokyo dropped by 0.6 percent to 19,330 points. At times he was at the lowest level in almost four months. The broader topix fell 0.3 percent to 1595 counts. In Seoul, the Kospi Index lost more than one percent to 2343 points. The South Korean Ministry of Finance announced that it would stabilize markets if necessary. The euro was slightly down at 1.1967 dollars. The dollar dropped 0.4 percent to 108.80 yen.
Here's what analysts are saying about Japan and U.S. Options after North Korea fires latest rocket https://t.co/dMvpoxcR1N pic.twitter.com/ywvay19meM
– Bloomberg (@business) August 29, 2017

(Cash / Reuters / AWP)


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