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8:10
The Swiss Market Index is down 0.26% from Friday at 8969 points. All 20 shares traded from 0.15 to 0.3%. The exception is Richemont, the stock drops 0.75%. In the wider market, U-blox and Dufry are each 3.75% lower. The latter published Monday the quarterly figures:
Dufry's organic growth weakens. #Aktien #Boerse #Reise #Schweiz https://t.co/XX0gw0tqLU pic.twitter.com/GgF1jNSeXU
– money (@cashch) November 5, 2018
"The short wave of euphoria is over again," said Portfolio Manager Thomas Altmann, Asset Manager, QC Partners. Investors are primarily interested in the trade dispute between China and the United States. After last week, when it seemed that the two were approaching, the US economic adviser Larry Kudlow has amortized expectations. Stock markets will only recover when the presidents of the two largest economies in the world have signed an agreement, Altmann said.
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6:30
The Nikkei's 225 leading stocks fell 1.4% to 21,934 points. The larger Topix decreases by 1% to 1641 points. US President Donald Trump's economic adviser, Larry Kudlow, had already lowered expectations about the US president's meeting with Chinese leader Xi Jinping.
In the case of individual stocks, Fast Retailing shares have collapsed by five percent. The clothing retailer disappointed the markets with a decline in sales in October of 10%.
Nikkei if hopes of resolution of the Sino-US trade collapse; Fast retail collapse https://t.co/1uEE639PuS pic.twitter.com/wUZajkogig
– VIPortal INC (@VIPortalINC) November 5, 2018
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6:25
The euro rose slightly in Far East trade against the dollar. The single European currency cost $ 1,1396. The Swiss franc weakens slightly. It stands around 1.0040 francs against the dollar and around 1.1439 francs for one euro.
(Cash / AWP / Reuters)
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