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+++ Stock Market Ticker +++ – Wall Street on Recovery – North Korea in Focus News

Wednesday, September 6th, 2017 | Economy

The mood of the US service providers in August slightly less than expected brightened. The Institute's Supply Management Index (ISM) rose by 1.4 points to 55.3 points, as reported by the Institute on Wednesday. Economists had reckoned with a clear increase to 55.6 points.
The share price losses on Tuesday encourage some investors to return to the US stock market. At the opening on Wednesday, the indices Dow Jones, Nasdaq and S & P 500 added up to 0.3 percent.
However, the smoldering North Korean crisis is causing disquiet, said Scott Brown, chief economist of the asset manager Raymond James. "There is another hurricane on Florida." While the US Gulf Coast is still struggling with the consequences of "Harvey", the "Irma" cyclone is forming in the Caribbean with wind speeds of about 300 km / h.
At the same time, the growing tensions between the US and North Korea were a source of concern for stock market players. "There is a fear that North Korea will test another nuclear launch on 9 September, the North Korean Independence Day," said analyst Edward Meir of the financial services provider INTL FCStone. The country had threatened the USA with "other gift packages" after the largest nuclear test so far.
Among the losers on Wall Street, the shares of Newell Brands included a minus of 3.6 percent. Because the "Harvey" storm interfered with the supply of artificial resin, the prices for the material rose, the supplier of "Spontex" sponges, "Nuk" -blockers and "Parker" ball-point pens. Therefore, he reverted his full-year targets.
ABB's management expects further growth in the coming years, confirming the medium-term targets for 2020. According to this, an average annual growth of 3 to 5 percent is expected for the period 2015 to 2020, with an EBITA margin in a range of 11 up to 16 percent, as can be seen in a presentation on the Group's innovation and technology day.
After the cyclone "Harvey" now "Irma" threatens the oil markets. The prices for North Sea oil of the Brent variety increased by 1.5 percent on Wednesday to 54.16 dollars per barrel (159 liters). US light oil WTI rose by one percent to 49.15 dollars. This was due to the fact that many of the refineries in Texas, which had ceased production during Harvey, were again raised. On the other hand, the markets also watched "Irma". "After 'Harvey' is before 'Irma'," the analysts of Commerzbank wrote in their daily commentary.
The hurricane is on the road to the Caribbean and is already one of the strongest of the past decades. He could also reach the Gulf of Mexico. "If it were to jeopardize the production facilities there for crude oil and natural gas, which have not yet fully recovered from Harvey, there will be further distortions in the oil trade," said Commerzbank. In addition, the impact of "Harvey", which swept across the Houston metropolitan area last week, also played a role.
The stock exchange in Germany is now more friendly than in Switzerland: the Dax lead index is boosted by the recovery of the cars under the leadership of Daimler and climbed by 0.1 percent to 12,136 points. The EuroStoxx50 creeps cautiously behind, but remains at first slightly in the minus.
#DAX currently stands at 0.4 percent, up 12.135 points. #Daimler's share is clearly above 4 percent at EUR 64.60. pic.twitter.com/aZBzCNkfln
– GKFX (@GKFXGermany) 6 September 2017
The Swiss Market Index (SMI) lost 0.62 per cent to 8'814.73 points by midday, shortly before falling to 8'797.
In the case of the blue chips, the largest losses are now on the account of the reinsurer Swiss Re (-1.5 percent), followed by the Zurich Insurance Group (-1.3 percent). Shortly after the departure of Hurricane "Harvey", "Irma" may already be heading for the next tropical storm on the US coast. In Florida, for the sake of precaution, the state of emergency has already been imposed and the next storm is brewing with "José" far above the Atlantic. In the uncertain market environment, the shares of the Baloise (-0.9 per cent) active in Europe and the Helvetia wide market (-1.8 per cent) also decline significantly.
The heavyweights Novartis (-0.8 percent), Roche (-0.5 percent) and Nestlé (-0.7 percent) are in the midfield. The Roche benefit certificates therefore hardly benefit from positive study data on the lung cancer treatment Alecensa. The biggest gains are Vifor (+1.5 percent). On the previous cover sales follow now plant purchases, it said.
Read the full lunch report here.

The euro has grown on Wednesday in a largely quiet trade. Around noon, the Community currency was 1.1941 US dollars, slightly more than in the morning. Overall, movements on the foreign exchange market were limited.

The euro also rose slightly against the Swiss franc. The communal currency costs 1.1390 ​​CHF on Wednesday noon. The US dollar weakened against the Swiss franc. He goes around 0.9536 CHF at noon.

Fiat Chrysler climb 5.5 per cent to a record high of 13.84 euros after a positive analyst comment. Barclays graded the titles high on "overweight" of "equal weight". The automaker is able to increase its profitability despite a difficult US market, it was said. The higher margins were attributable to a well-engineered production plan, which made optimal use of available capacities. The title is listed on the Milan Stock Exchange.
At around 10.20, Zurich will lose 1.2 percent to 279.1 Swiss francs and Swiss Re 1.6 percent to 83.2 Swiss francs. They were even more marked in the downturn: Swiss Re (-2.4 percent) and Zurich (-2.1 percent). A decline is also observed in the overall market (SMI). It slides by 0.54 percent. International reinsurance companies also report: Munich Re (-0.6 percent) and Hannover Re (-0.8 percent). The fact that insurers across Europe are under pressure is also reflected in the industry index STOXX 600 Insurance (-0.7 percent).
Read the full report here.
The British homeowner Barratt Development has disappointed investors on Wednesday with a cautious outlook. The papers fell by up to 4.6 percent to a four-week low of 595 pence. And this despite the fact that the company also announced a special dividend and a high dividend yield of 6.9 percent. They held the red lantern in the London index.
#Barratt Developments increases the number of #Dividende after record year: https://t.co/pU2hqVn8Bb pic.twitter.com/mcCOkROdmF
– MyDividends (@mydividends) September 6, 2017
The Swiss Market Index (SMI) fell by 0.7 percent to 8810 points shortly after the opening of trading. In particular, the investors around North Korea continue to invest. Moreover, with a view to the ECB's decision to raise interest rates on the next day, restraint should be announced.
The situation on the Korean peninsula remains tense. Panic-like sales have so far however remained, a dealer notes. However, the tone has intensified overnight. North Korea is threatening the USA and the world in the event of new sanctions with counter-measures.
Larger release printing goes as on Tuesday of the banks. UBS shares are 0.8 percent, while Credit Suisse shares 1.3 percent. CS President Urs Rohner has commented on the regulatory environment for financial institutions in Europe. He hopes to reduce the hurdles for large, cross-border banking fusions. At UBS, there appears to be an interest in HSBC's Latin American customers, according to agency reports from an internal memo of the British bank hervorging.
Further contributions are also observed with the insurers Zurich (-1.4 percent) and Swiss Re (-1.7 percent). In the US, "Harvey" threatens the next storm. The hurricane "Irma" has built itself over the Atlantic to a hurricane of the highest category and is heading towards the coast of Florida.
The major weightings Novartis (-0.4 percent), Roche (-0.5 percent) and Nestlé (-0.7 percent) can not escape the general downtrend.
Strong taxes were recorded in Straumann's broader business (-2.4 percent). The Group has placed 430'000 shares from its own portfolio with institutional investors at a price of CHF 600 per share. The dental implant specialist will then be able to finance CHF 260 million, which will finance the recently announced strategic acquisitions and investment in orthodontics (ClearCorrect) and digital dental medicine (DentalWings, RapidShape). In the middle of August Straumann had sold off his own shares because of too low prices.
In addition, Von Roll (-1.4 percent) announced that Stephan Kellmann, the long-term financial director, will leave the company. And the investment company EEII, which is targeting Russia and Ukraine, suffered another loss in the first half of the year.
The euro hardly moved on Wednesday. In the morning, the common currency costs 1.1920 US dollars, which is a little more than the previous evening. The euro also remained stable in the Swiss franc, trading at 1.1383 Swiss francs. Meanwhile, the US dollar is still trading at 0.9549 Swiss francs.
Meanwhile, the stock exchange is closed in Japan and other parts of Asia. The ongoing smoldering Korean crisis also left the investors in the Far East on Wednesday's stomach. However, according to traders, the lower courses attracted bargain hunters, especially in Tokyo.
The Nikkei index closed at 19.357 points, down 0.1%. Previously, it had fallen by 0.7 percent to four-month low of 19,254 points. The broader topix index even turned slightly up 0.1 percent. With purchases, investors reacted to the rise of Japan Post Holdings and Recruit Holdings to the Nikkei Index: Japan Post closed nearly two percent and Recruit nearly eight percent higher.
The government in Pyongyang had threatened the US with "other gift packages" after the nuclear test on the weekend. "The risks emanating from the Korean peninsula have left a deep impression, especially in East Asia," said Kota Hirayama, an analyst at SMBC Nikko Securities.
Nuclear conflict: North Korea wants to answer sanctions with counteroffensive https://t.co/Zcnn4f3o6n
– Frank Walle (@Frank_Walle) 6 September 2017
The stock market in Seoul tipped slightly, the leading index lost 0.3 percent. Autowerte was under pressure. Hyundai and Kia lost three and four percent respectively. Investors fear problems in the Chinese market. The exchange in Shanghai was hardly changed.
The Swiss Market Index declines by 0.3 percent in the pre-market, which Julius Baer calculates. In yesterday's trading, the lead index rose marginally from 0.1 percent to 8870 points.
In addition to the continuing smoldering North Korean crisis, investor sentiments revolve around the ECB Council meeting on Thursday. ECB boss Mario Draghi is looking forward to a balancing act during the press conference, said Didier Saint-Georges, managing director of Carmignac. He had to prepare investors for a tightening of monetary policy without frightening them and triggering turbulences.
The only positive SMI title is pre-market Roche with plus 0.2 percent. The drug Alecensa reduces the risk of the disease spreading to the brain in patients with a certain form of lung cancer, much stronger than the Pfizer drug Xalkori. This is demonstrated by new clinical data.
All other values ​​in the lead index range between minus 0.24 and 0.54 percent.
On Wednesday, the oil prices were able to keep their gains on the previous day to a large extent. In the morning a barrel (159 liters) of the North Sea Brent cost for delivery in October 53,16 US dollar. That was 22 cents less than on Tuesday. The price of a barrel of the American variety West Texas Intermediate (WTI) fell by nine cents to 48.57 dollars.
On Tuesday the oil prices had grown by more than a dollar. This is due to the fact that numerous refineries in the Gulf of Mexico have resumed their operations after they had to be closed mainly because of the Harvey hurricane. The higher refining demand for crude oil is fueling oil prices.
New harsh hurricane Irma could threaten the region. Weather forecasts do not indicate at present that the Gulf region could be affected. On the oil market, however, the market participants are watching closely the course of the storm.
Tropical Storm in Approach – Extremely Dangerous Hurricane "Irma" approaches first Caribbean islands https://t.co/GGKt6lJiPm
– FOCUS Panorama (@focuspanorama) September 6, 2017
The Nikkei index temporarily fell to the lowest level in four months. The government in Pyongyang had threatened the US with "other gift packages" after the nuclear test on the weekend. This also affected Wall Street on Tuesday.
The Nikkei index, comprising 225 stocks, was 0.3 percent lower at 19,326 points. The broader topix index fell 0.2 percent and was 1588 points.
#Nikkei 225 Index: 19266 ⬇︎ -0.9 percent – 7-day low # NI225 #OANDA pic.twitter.com/0TeFD2UNmv
– OANDA Alarm (@OALAlarm) 6. September 2017
The stock market in Shanghai was down 0.3 percent. The index of the main companies in Shanghai and Shenzen lost 0.4 percent. The MSCI index for Asian equities outside Japan fell by 0.5 percent.
One euro was valued at 1.1911 dollars, barely changed to late New York trade. The dollar traded at 108.70 yen after 108.80 yen in the US.
(Cash / AWP / Reuters)


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