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+++ Stock ticker +++ – SMI investors shake risks | News

Monday, September 11th, 2017 | Economy

09:05
The Swiss Market Index (SMI) starts with an increase of 0.2 percent at 8933 points. The slight upward trend, which had been seen in the second half of last week, could thus continue. Support is provided by the Asian markets. Dealers are talking about a reassure on the Korean peninsula after North Korea has not tested further rockets.
The Roche profit-sharing certificates were up 0.9 percent. In its Phase III study BRIM8, the Pharmac group did not reach the set targets (primary endpoint) with the drug Zelobraf for the treatment of mutation-positive melanoma. Roche also missed the primary endpoint with the lampalizumab test for the treatment of atrophy (GA).
Novartis (+0.2 per cent) are better off. The company had presented new data on the efficacy of Lucentis (Ranibizumab). In addition, the combination therapy of Tafinlar and Mekinist showed a reduced risk of relapse in the treatment of a specific type of skin cancer compared to placebo. The third heavyweight Nestlé wins 0.2 percent. According to media reports, the food company is apparently investigating the acquisition of Merck's non-prescription health care products.
Are #Nestle and #Merck coming into the business? https://t.co/HTJcTUvZMM
– Börse ARD (@boerseARD) September 11, 2017

In terms of insurance, Swiss Re is pushing forward by 3.7 percent. At the current ongoing meeting in Monte Carlo, the reinsurer is confident that the prices that have been steadily declining in recent years have been stabilizing. Zurich are hoping for lower than expected "Irma" losses, 1.6 percent.
Cyclists also make a good start to the week. For example, ABB (+0.4 per cent), Adecco (+0.6 per cent) or LafargeHolcim (+0.5 per cent) are without positive news. Credit Suisse and UBS are also well positioned in the race (+1.2 percent each). SGS is climbing 1.6 per cent with a rating increase by CS.
On the wide market it is relatively quiet. Edisun (+0.3 per cent) completed the planned capital increase and thereby took 5.12 million CHF in fresh funds. Evolva (+4.8 percent) reported a contract with the US government on insect protection.
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08:48
Meanwhile, the stock markets in Asia are closed. The investors there were relieved that North Korea did not perform a new rocket test on National Day. This was considered a relaxation in the smoldering conflict.
The courses on Monday were particularly strong in Japan. This was also due to the weaker yen, which encouraged exports. The Nikkei 225 lead index rose by 1.4 per cent to 19 545.77 points. In the previous week, a stronger yen and the North Korean conflict had slipped the index by more than 2 percent.
Also the courses in South Korea rose. The Kospi climbed in the late trade by 0.7 percent. In Hong Kong, the slope-seng index rose by just under a percent. The Chinese CSI-300 index, which represents the 300 largest stocks on the Shanghai and Shenzhen stock exchanges, hardly moved. However, Chinese stocks had also outperformed many other markets in the region during the previous week.
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08:22
The gold price drops in value on Monday morning. One ounce currently costs 1337.51 dollars (-0.7 percent). The background should be the relief of remaining missile tests in North Korea.
Gold, Silver: Bulls could get airttps: //t.co/An2zL0yKJ5#Gold #Silver #Traden #Formationstrader
– Formationstrader (@Formationstrade) September 11, 2017

+++
08:05
The Swiss Market Index (SMI) is expected to start 0.1 percent higher at 8923 points according to pre-market indicators of Bank Julius Baer. To ease the risk of remaining missile tests in North Korea, investors are likely to buy stocks again on Monday, according to market opinion.
Roche's profitability (-1.7 percent) is particularly striking. The pharmaceutical company has suffered a setback in a study with its skin cancer drug Zelboraf. Competitor Novartis (+0.9 per cent) posted a success in a similar area.
Because of "Irma" the reinsurers are the focus. Munich Re believes that the storm will cause high costs for Florida and the insurance sector. In Monte Carlo, reinsurers, brokers and customers meet to discuss the conditions for the renewal of a large part of reinsurance contracts in the traditional property and casualty business at the turn of the year. Swiss Re (+0.3 percent), Swiss Life (+0.2 percent) and Zurich (+0.4 percent) all increase.
Also the bank shares CS and UBS (each +0.6 per cent) are higher in the pre-market.
Investors are also likely to look closely at the shares of the pharmaceutical group Merck. According to insiders, the Swiss food giant Nestlé (+0.4 per cent) has kept an eye on Merck's dispensing business with non-prescription health products.
On Wall Street, the US indices had narrowed their gains slightly after the stock market closed in Europe. The Dow Jones ended the session 0.1 percent higher at 21,797 points, while the Nasdaq lost 0.6 percent. The S & P500 fell by 0.1 percent. In Tokyo, the Nikkei index rose by 1.4 percent on Monday to 19,541 counts. The Shanghai Composite remained nearly unchanged at 3366 points.
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07:24
The course of digital currency Bitcoin has lost value over the weekend. Currently, the course is $ 4145.70. On Friday afternoon the Bitcoin course stood at over 4600 dollars. Speculations about closures of Bitcoin exchanges in China are weighing on the crypt diet.
China said to ban
– Bloomberg Markets (@markets) September 11, 2017

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07:11
Oil prices recover on Monday morning. The North Sea Brent currently costs 54.05 dollars (+0.5 percent). For the last four weeks, this represents an increase of 6.5 percent. The WTI variety is trading at 47.87 dollars (0.82 percent).
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06:45
Last week, the yen's price had climbed to a ten-month high, making Japanese goods abroad more expensive. "There were worries about the profits of Japanese companies," Yoshinori Shigemi, JPMorgan Asset Management's market strategy, explained the reactions of the Börsians to the yen. For Kauflaune also ensured that the new nuclear test Nordkoreas, which was feared for the weekend, did not happen.
The Nikkei index, which is 225, was trading 1.4 percent higher at 19,541 points just before closing. The broader topix index rose 1.4 percent and was 1615 points.
The stock market in Shanghai was up 0.1 percent. The index of the main companies in Shanghai and Shenzen stepped on the spot. The MSCI index for Asian equities outside Japan rose by 0.4 percent.
One euro was valued at 1.2014 dollars after 1.2033 dollars in late New York trade. The dollar traded 108.39 yen after 107.83 yen in the US.
Asia stocks start the week higher in risk-on-mood w / Yen Weaker, Treasury ylds rising as Irma weakens & UN to vote on oil embargo of N Korea pic.twitter.com/tZAHHjmUAB
– Holger Zschaepitz (@Schuldensuehner) September 11, 2017

(Cash / Reuters / AWP)

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