Home » Economy » +++ Stock ticker +++ – Swiss stock market: Minor decline after strong tensions | News

+++ Stock ticker +++ – Swiss stock market: Minor decline after strong tensions | News

Wednesday, September 13th, 2017 | Economy

In anticipation of a shrinking oversupply, investors were exposed to crude oil on Wednesday. The Brent variety from the North Sea rose by 0.7 per cent to $ 54.66 per barrel.
The speculation of statements by the International Energy Agency (IEA) on the development of the market was nurtured. Above all, demand in the US and Europe is developing better than expected.
IEA reports drop in the global supply https://t.co/ovh7noSxCZ
– MarketWatch (@MarketWatch) September 13, 2017
The SMI lost around 0.14% to 9'040.98 points. In the course of the day so far, it moved in a relatively narrow range of about 30 points.
The swatch's value-to-GDP ratio was 3.1%. The trigger for the price slide is not quite clear in the trade. It is partly referred to profit-taking. A retailer sees here a connection with the Applewatch presented the evening before, which with many innovations auftrumpfe.
As I am told, a multi-day sales order has been concluded with the bearer shares of the @Swatch Group. $ WATCH WATCH
– cashInsider (@cashInsider) September 11, 2017
Richemont's shares (-1.6%) are also subject to tax. The heavyweight Nestlé share is a major contributor with -0.3%, while the shares of the two Pharmamultis Roche (+ 0.2%) and Novartis (inc.) Prevent a deeper slump in the overall market.
Read the full midday report of the Swiss Stock Exchange here.
The shares of the Apple supplier AMS went down on Wednesday after the presentation of the new iPhones. The shares of the Austrian chip and sensor manufacturer fell above average by 3.9 per cent to CHF 74.75. Investors also fell off the shares of other suppliers of the US technology group: In Frankfurt, dialogue dropped by one percent, STMicroelectronics fell by 1.1 percent in Paris and IQE and Laird slipped 6.1 and 1.7 percent in London.
The @CreditSuisse celebrates #AMS, #STMicro and #DialogSemi as the winners of the new #iPhone models from #Apple. $ AMS $ AAPL
– cashInsider (@cashInsider) September 13, 2017
Börsians introduced the late sales launch of the new Apple flagship as a negative factor: The iPhone X is to be available from 3 November and at least 999 dollars. Analysts had assumed that the device is at the latest mid-October in the stores. Archrival Samsung brings its top model Galaxy Note 8 already this week in the sale. It is also feared that the high entry price, especially in the largest smartphone market, China could prove a high hurdle.
The Swiss stock market started on Wednesday with slight losses. The watchmakers Richemont and Swatch come under sales pressure. After the relatively strong rise of the SMI in the two previous days, the air is now out. The Swiss Market Index (SMI) fell 0.2% to 9'037 points at 10:15 am. On the previous day, the index had made the leap over the mark of 9,000 points for the first time in about a month.
The focus is on Richemont (-1.6%). The share of the branch neighbor Swatch (-2.6%) also fell. Credit Suisse (+ 0.8%) and SGS (+ 0.1%) are the front-runners.
The Swiss Market Index (SMI) drops by 0.1 percent to 9043 points immediately after the opening of the stock exchange. Fresh wind could bring macro data from the EU to industrial production as well as producer prices in the US in the second half of the day. The latter provide a first indication of the consumer price data on Thursday. Inflation figures are currently pioneering Fed Fed's monetary policy because it has reached its full employment target, but not its inflation target.
Under greater scrutiny are Richemont, yielding with 2.1 per cent. Analysts are once again characterized as the turnover contribution from the jewelery business. However, the title is characterized by profit-taking. The shares of the branch neighbor Swatch are clearly negative in the negative range of 1.9%.
The two heavyweight pharmaceuticals Novartis (+0.2 percent) and Roche (+0.1 percent) have some product innovations. Novartis has underlined the long-term efficacy and safety of its compound Cosentyx for the treatment of psoriasis by long-term data. Roche, in turn, has presented promising data on its median esbriet (pirfenidone) for the treatment of idiopathic pulmonary pulmonary fibrosis (IPF).
Vaudoise shares are on the broad market (-0.6 percent). For the first half-year of 2017, the insurance company reported a lower profit compared to the previous year. The company recorded only moderate growth in premiums.
Based on price gains on Wall Street, the Asian stock exchanges were predominantly on Wednesday. The Nikkei index rose by 0.5 percent to 19,865 points, while the broader topix gained 0.6 percent. "The rally on the US exchanges has brought back the risk tolerance," said analyst Hikaru Sato of Daiwa Securities. Financials in particular increased. Traders also explained the price increases with the weakening of the national currency Yen, which has reduced exports.
Nikkei rises for 3rd day, supported by cyclical stocks https://t.co/YnYqdnuDFS
– TOI Business (@TOIBusiness) September 13, 2017
The MSCI index for equities outside Japan has temporarily risen to its highest level in ten years. Profits were subsequently reduced by 0.1 percent. Asian suppliers to the US corporation Apple suffered price losses after analysts expressed themselves after the highly anticipated presentation of the new iPhone model disillusioned. Taiwan Semiconductor Manufacturing shares fell 0.5 percent, while Hon Hai Precision Industry fell by one and a half percent.
The oil prices have hardly moved on the spot on Wednesday. The market was talking about missing impulses. In the morning, a barrel (159 liters) of the North Sea Brent for delivery in November cost 54.16 US dollars. That was 11 cents less than on Monday. The price for a barrel of the American variety West Texas Intermediate (WTI) for delivery in October rose slightly by three cents to 48.26 dollars.
On Tuesday the oil prices in the afternoon trade had increased after the news agency Bloomberg had reported on an aimed extension of the Opec funding limit. Accordingly, the oil cartel and other major producers such as Russia are considering extending the restrictions on imports which have been in force since the beginning of the year and are due to expire in March 2018. At least a stretching period of three months was the minimum, but six months were also conceivable, according to the agency, with reference to informed circles.
The Swiss Market Index (SMI) increases by 0.1 percent in the pre-market, which is calculated by Julius Baer. In yesterday's trading, the leading index closed 0.8 percent higher at 9054 points.
Richemont's recaptured wealth of rich customers helped Richemont to a strong sales plus. Sales revenues increased by 12 percent in the first five business months, excluding exchange rate effects. The share shows itself pre-market but unimpressed, with the market increases by 0.1 percent.
The Geneva-based luxury goods group, #Richemont, is particularly proud of its strong jewelry business on the occasion of the interim report. $ CFR
– cashInsider (@cashInsider) September 13, 2017
All other SMI titles are also in line with the overall market, as corporate news is rare.
The euro has moderately increased at Wednesday morning and has risen to 1.20 US dollars. The Community currency costs 1.1977 dollars in the early trading session, slightly more than on the previous evening. The euro is currently trading at 1.1491 CHF in the morning, just below the 1.15 mark, which it had briefly exceeded the previous evening.
The dollar was trading not only to the euro but also to other major currencies. At CHF 0.9594, however, he moved roughly to the level of the previous day.
The Nikkei of the 225 leading figures rose by 0.5 percent to 19,884 points by the late morning. The broader topix gained 0.6 percent to 1637 counts. Traders also explained the price increases with the weakening of the national currency Yen, which has reduced exports.
#Nikkei 225 Index: 19889 ⬆ + 1.8% – 34-day high # NI225 #OANDA pic.twitter.com/9qgu0S5eDm
– OANDA Alarm (@OALAlarm) 12 September 2017
Hitachi's shares climbed 2.7 percent for the individual stocks. Previously, a broker had raised the paper from the electrical engineering and engineering group to "buy" from previously "neutral" and significantly increased the price target.
The euro rose slightly in the Far Eastern trade to the dollar. The European single currency was last $ 1.1973. The US currency remained stable at 110.06 yen to the yen. The Swiss franc was trading at around 0.9591 francs per dollar and around 1.1491 francs per euro.
(Cash / AWP / Reuters)


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