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+++ Stock ticker +++ – SMI continues recovery with the support of the heavyweights News

Thursday, August 31st, 2017 | Economy

Further recovery, albeit in small steps: The Swiss Market Index (SMI) gains 0.75% to 8'917.51 ​​points by 12.00 hrs. The 30 Swiss-based Swiss Leader Index (SLI), which does not include the full weighting, is 0.57% to 1'421.64 and the broad Swiss Performance Index (SPI) is 0.72% to 10 '168.34 counters too.
In a generally quiet business, the focus is already on the US labor market report, which is due to start on Friday. As far as the labor market data are as good as indicated in the private ADP preliminary assessments of Wednesday, a further upward movement on the stock exchanges is to be expected, according to a trader.
The heavyweight Nestlé (+ 0.9%) and Novartis (+ 1.2%) continue to beat the blue chips.
In the broad market, Edmond de Rothschild (+ 3.4%) and Investis (+ 1.9%) both clearly post half-year figures.
Landis + Gyr (+ 0.4% to 73.55 CHF) have lost momentum. Equally four banks have taken up their ranking for the stocks that came on the stock market a few weeks ago. UBS and CS start with 'buy', while JP Morgan and Morgan Stanley start with the 'neutral', 'equal weight' and 'target' ratings respectively.
Read the full lunch report here.
A buy recommendation from Baader Helvea has thrust the shares of U-Blox on Thursday thrust. The title of the GPS chip maker climbed in a stronger market by 5.5 percent to 174 francs.
Baader Helvea ranked U-Blox on "Buy" of "Hold". The target price is 198 francs.
Strong China data is driving the price of steel and copper: In the hope of a sustained high demand from China, investors were exposed on Thursday with industrial metals. At the Shanghai Stock Exchange, steel rose 1.8 percent to 3927 yuan (595 dollars) per ton. The price of iron ore increased by as much as 3.9 percent to 573 yuan ($ 87). The copper price at the LME metal exchange rose by 1.5 per cent to a fresh three-year high of 6872 dollars per tonne. The positive development of the Chinese economy offers the raw materials backwind, which should no longer be underestimated, said analyst Helen Lau from the broker's house Argonaut.
The Swiss stock exchange is starting on Thursday on its price gains from the previous day. Particularly in demand are the shares of banks and Novartis. The relaxation continues: The Swiss Market Index (SMI) wins 0.445% to 8892 points against 10:20. The 30 Swiss-based Swiss Leader Index (SLI), which does not include the largest weightings, is 0.4% to 1'419 and the broad Swiss Performance Index (SPI) is 0.47% to 10'143 Counter.

The Swiss Market Index (SMI) is entering the trade with an increase of 0.5 percent at 8896 points and is thus tied to the recovery of the previous day. Support comes in the morning, according to traders, especially from the Japanese stock exchange, where the further weakening yen helped the leading index Nikkei 225 (+ 0.7%) up.
The geopolitical risks are too great and the euro too strong, even if the latter has lost something since the recent high. Both investors could continue to deal with a number of stress factors and provide for a turbulent fall, the analyst believes.
Is it again a horror September on the stock exchanges? #Actien # stock market #Geopolitikhttps: //t.co/Y66k7U9e54 pic.twitter.com/wzGnZpdhXa
– cash (@cashch) August 31, 2017

Above all, above all, the three banking stocks are Julius Baer (+ 1.5%), UBS (+ 0.9%) and CS (+ 0.6%). There should be an upwind here. a sector study by Exane BNP Paribas, the former two Swiss banks with 'Outperform' and the latter with 'Neutral'. Bâloise (+ 1.3%) are also driven by analysts' comments the day after the publication of the figures. For example, Bergenberg, Kepler and Baader have increased their respective price targets for the share of the primary insurer.
An indication of Novartis (+ 1.1%) is also of interest. The US health authority, FDA, had granted permission to use Kymriah for the treatment of a certain form of leukemia (ALL) in children and adolescents the previous evening. It is the first gene therapy approved in the USA. The other heavyweights, Nestlé and Roche (+ 0.1% each) are growing less significantly.
In the broad market, Vontobel (+ 1.1%) could be the focus. On the occasion of an investor day, the private bank published new "ambitious growth targets for 2020". At the time of the sale, the major shareholder Capvis is now fully developed. The private equity firm, which had sold VAT together with PartnersGroup last year, sold its remaining share of just under 5% overnight at CHF 120 per share, closing at the closing price of CHF 122.90.
In the meantime, Kudelski (-0.4%) are under pressure from a price target reduction of UBS to CHF 10.50 from CHF 14.00, with the most recently paid 12.10 CHF. In addition, three banks have launched their rating for Landis + Gyr, which has come on the market a few weeks ago, and UBS and CS each start with a 'buy' and price target of 90 CHF while JP Morgan is rated neutral and the target price of 74, 50 CHF closer to the current price (73.25).
Meanwhile, the markets in Asia are closed. In Japan, the lead index Nikkei 225 closed 0.7 percent higher at 19 646.24 points. In Hong Kong, the Hang-Seng Index lost 0.7 percent. The South Korean Kospi and the Chinese CSI 300, which contains the largest values ​​from the mainland, were also in the negative.
Waiting for the big US labor market report on Friday was shortened with optimistic data from China, where an indicator points to a better development of the industry. On the other hand, industrial production in Japan cooled down more than expected and the tension around North Korea continues.
According to the pre-market indicators of Bank Julius Baer, ​​the Swiss Market Index (SMI) is 0.2 percent higher in 8871 points. After several loss-making trading days, the leading index had increased by 0.4 percent on Wednesday. Credit Suisse (+0.4 per cent), Julius Baer (+0.9 per cent) and UBS (+0.8 per cent) are the most impacted by the SMI individual indices. On the broad market, on the other hand, Kudelski (-0.9 percent) declined sharply.
SWITZERLAND SWITZERLAND: $ SMI + 0.22%. $ CSGN + 0.4%, $ BAER + 0.9% and $ UBSG + 0.8% lead to the recovery. $ KUD -0.8%. Other shares higher.
– cashInsider (@cashInsider) August 31, 2017

Argus eyes continue to pursue saber rattles around North Korea. Japan is pushing for a tightening of sanctions against North Korea after the recent rocket test. On the economic side, the focus is on a number of US statistics, in addition to European inflation data. Among other things, the weekly report from the labor market provides another taste for the official monthly data on Friday. In addition, figures on the income and expenditure of US consumers and the purchasing managers index for the Chicago region are on the schedule.
On the Wall Street, the stock market closed on Wednesday after a trade close in Europe due to good economic data. In the Far East, the stock markets tipped disparately on Thursday: the Nikkei index in Tokyo was up 0.8 percent, while the stock markets in the Chinese mainland were 0.5 and 0.7 percent lower.
The oil prices fell only slightly on Thursday after some significant losses in the past trading days. A barrel (159 liters) of the North Sea Brent for delivery in October cost 50.82 USD in the morning. That was four cents less than the previous day. The price for a barrel of the American variety West Texas Intermediate (WTI) fell by six cents to 45.90 dollars.
Since last weekend, flooding through the tropical storm "Harvey" has led to the failure of refineries in the US, which has reduced the demand for crude oil. A surprisingly sharp drop in US oil reserves in the previous week, which the US government reported the previous day, could only support oil prices on a temporary basis.
The gold price is a breather. On Thursday morning an ounce costs 1304 dollars (-0.4 percent). Over the past few weeks Gold had benefited mainly from increasing geopolitical risks.
#Gold inches lower than $ 1
– Financial Express (@FinancialXPress) August 31, 2017

A number of good economic data from the USA caused optimism. As a result, the dollar rose to the yen, which helps Japanese companies on the world market.
The Nikkei with the standard values ​​rose by 0.8 per cent to 19'660 points. The broader topix increased by 0.6 percent to 1616 counts.
In July, industrial production in Japan fell surprisingly by 0.8 per cent on the previous month, as the Ministry of Economy of the country announced on Thursday. In June, there was an increase of 2.2 percent.
In August, however, the processing industry expects even better data. The world's third-largest economy after the US and China had risen again in the second quarter at a yearly rate of four per cent, mainly thanks to consumers and more companies.
(Cash / AWP / Reuters)


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