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9:45 p.m.
Investment strategist Peter Jankovskis of investment firm Oakbrook spoke of a recovery day after recent market lows. According to him, positive news about the US-China trade dispute has appeased sentiment. For example, US President Donald Trump threatened the Beijing administration with new tariffs, while emphasizing that it was possible to "do a lot" with the People's Republic. This statement fueled Wall Street's hopes of a de-escalation of the conflict.
The Dow Jones default index is up 1.8% at around 24,875 trading points. The broad S & P 500 rises 1.6% to nearly 2,683 meters. The Nasdaq technology exchange index also gained 1.6% to nearly 7,162 jobs.
The Philadelphia index for the chip industry grew 4.2%. Earlier, the US Commerce Department had ordered that the Chinese semiconductor manufacturer Fujian Jinhua Integrated Circuit no longer be powered by US companies. Fujian allegedly stole the intellectual property of the American company Micron. It is also feared that Fujian is flooding the market with cheap chips. Micron's share increases by 3.9%.
Among the individual stocks are Coca-Cola, which attracts 2.5%. The beverage maker convinced investors with a surge of profits, which included sugar-free lemonades. The interim report of the sportswear manufacturer Under Armor has also got off to a good start on the stock market. His course jumps 27.7% in height. Facebook shares closed at 2.9% stronger than the quarterly results expected after closing.
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5:45 p.m.
The Swiss stock market resumed its recovery started yesterday. The leader of the SMI index closed more than 1.1% to 8854 points, having already attracted 1.1% earlier this week. The default values for financial stocks and the Roche pharmaceutical giant are mentioned.
In default values, Geberit dropped with a drop of more than 9%. In the sanitary engineering business, economic concerns and interest become noticeable. The leader of the European market has exceeded the forecasts for the year.
The shares of the big bank UBS were in demand with a more than 1.9%. The day before, the institute had confirmed that its managing director, Sergio Ermotti, had bought UBS shares for 13 million Swiss francs after Investor Day last week.
Heavy pharmaceutical products Novartis and Roche supported the market with price increases of 0.7% and 2.5%, respectively.
In the large market, corporate reports have caused a sensation. Burckhardt Compression shares increased by 7.3%, while those of Feintool dropped by 2.9%. (Read the stock market commentary Tuesday).
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3:20 p.m.
In an unchanged nervous market environment, Wall Street began a new rally on Tuesday. One of them had failed the day before, after traders' worries had taken over again.
In early business, the leading US Dow Jones Industrial Index rose 1.0% to 24,678 points. The S & P 500 at the market scale is up 0.9% to 2665 points. The selection index based on Nasdaq 100 technology is up 0.5% to 6749 points.
According to the Bloomberg news agency, the US government plans to add tariffs on all products imported from China. That depends on President Donald Trump after a meeting scheduled on the sidelines of the G20 summit with Chinese head of state Xi Jinping. If that fails, new measures could be taken in early December, according to three unnamed sources who are familiar with the processes.
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24:15
After an exciting start to the week, the Swiss stock market returned stronger on Tuesday, but moved with the tight handbrake. The SMI gains by noon 0.4% at 8798 points. The 30-share SLI increases by 0.2% to 1380 and the IPS from 0.3% to 10.368. Of the 30 Blue Chips, there are 10 losers out of 17 winners and 3 titles remain unchanged.
The reporting season found another victim in Geberit. The plumbing company reported a profit for the third quarter of 2018 that was lower than badysts' expectations and lowered its forecast for 2018. Geberit's items fell 9.1% in the episode.
So, the latest trend is a continuation: a company that does not meet the expectations of the financial community is punished.
Defensive heavyweights contribute significantly to the firmer SMI. Above all, the last neglected Rock attracts 1.4%. Novartis earns 0.7% and Nestlé 0.3%.
On the other hand, the levies are destined for cyclical countries such as Clariant (-2.5%) and Logitech (-1.4%) as well as Vifor (-0.8%), which went well on Monday.
In the wider market, OC Oerlikon (+ 0.1%) can maintain its pre-market profits of 3.9%. Order intake and sales were slightly higher than expected in the third quarter.
Phoenix Mecano (-4.9%) also clearly lost ground. However, the industrial groups SIG Combibloc (+ 1.1%) and Burckhardt Compression (+ 3.2%) are rewarded for their profits or their turnover. (Read the detailed report on the stock market at noon.)
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10:45
The Swiss stock market is in slightly positive territory Tuesday morning. The SMI, leading index, rose 0.3% to 8787 points, after posting a solid increase of 1.1% the day before. Among other things, the results of the company give impetus. Above all, however, the increase is due to Nestlé, Novartis and Roche, the three relatively heavy heavyweights. "The defense is good," says a dealer.
In the blue chips, Geberit falls with a price drop of 8.6%. The health technology group has lowered its guidance for 2018 and now expects sales growth adjusted for the effects of the currency by about 3%. Until now, the company had targeted about 4%.
The sanitary company #Geberit falls from the path of success – this puts the stock before the stock market @GeberitGroup https://t.co/cTWJgj5hIc pic.twitter.com/w3IqBAdmXe
– money (@cashch) October 30, 2018
Novartis and Roche Pharmaceuticals increased by 0.6 and 1.0%, respectively. Shares of the Nestlé food company are up 0.3%.
Financial issues are also in demand. The major banks Credit Suisse and UBS earn 0.2% and 0.8% in value and the badet manager Julius Baer 0.5%. An investment dealer attributes this situation to a slight easing of the budget dispute between Italy and the EU.
In the wider market, corporate reports give impetus. Thus, the shares of Burckhardt Compression and Feintool behave differently after the announcement of strong sales and loss of profits. While Burckhardt Compression gains 2.0%, Feintool drops 4.9%. Oerlikon shares lose 0.2%. The plant's manufacturer expects a weakening of the last very strong growth over the next year.
The shares of new entrant GIS with a more than 0.8% are in demand. The cartonboard manufacturer increased adjusted earnings in the first nine months and confirmed its guidance for the full year.
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9:30
The SMI increases by 0.6% to 8812 points. In Asia, however, the winners were dominated by good corporate results. Wall Street, in contrast, is already facing headwinds: a report that the US is expected to prepare for all China's import tariffs has caused a sharp drop in their stock markets.
Subsequently, many economic data are on the agenda, which could allow movement. At the same time, the reporting season continues unabated.
the #RoboAdvisor #TrueWealth was launched for five years. Felix Niederer, co-founder, talks about business development, investment strategies and explains why the company and its customers #AND F as #Digitalisierung #Anlegen #Funds https://t.co/Uol0QIFAPe pic.twitter.com/sIMZsheTLf
– money (@cashch) October 30, 2018
The Swiss market is largely supported by Roche-Bon (+ 1.6%), which is experiencing strong growth. Zurich (+ 1%) is also strong. Geberit, however, dropped significantly with a decline of 8.5%. The plumbing firm reported a profit for the third quarter of 2018 that was lower than badysts' forecasts and lowered its guidance for 2018.
Geberit is clearly feeling a slowdown in the construction industry in Europe. The UBS share (+ 0.6%) remains unobtrusive after we learn that the CEO Sergio Ermotti had bought millions of shares in the big bank.
Even on the big market, the latest trend is emerging: a company that does not meet the expectations of the financial community is punished. This is also seen in the Burckhardt compression (-2.3%). However, dental implant manufacturer Straumann (+ 0.3%) and the industrial group Oerlikon (+ 1% before trading, up here without price in the trade) are rewarded for profits or sales higher than expectations.
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8:55
The US president's optimistic remarks about an expected agreement in the tariff dispute with China on Tuesday gave rise to Asian stock markets. To this was added the hope that China, with the help of a weaker yuan, could remain competitive even in the event of new trade disputes with the United States. In Japan, positive corporate news contributed to the recovery.
After heavy losses over the past week, which had weakened and continued Monday, investors are now more courageous, according to statements by US President Donald Trump, said a securities broker. He said he was confident that the trade dispute with China could result in "a lot".
The Nikkei 225 in Japan closed the month up 1.45% to 21,457.29 points, but also lost just under 6% last week, leaving the fourth consecutive week. Important reports, such as those from Komatsu and Fanuc, have been promising.
The CSI 300 index, which includes the 300 largest stocks on the Chinese mainland, rose 1.08% to 3110.26 points. In Hong Kong, however, the red sign dominated this time. The Hang Seng Index, which had a relatively better performance lately, edged down 0.67% to 24,645.65 points.
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8:10
Before the stock market, the SMI courses are under pressure again. According to forecasts by Julius Baer, the main index loses 0.1% at 8750 points (at pre-trading prices on cash.ch). Geberit loses the most (-3.5%) after the nine-month figures showed a slowdown in growth and targets were reduced. As part of the market, UBS securities (-0.04%) react after it was learned that CEO Sergio Ermotti had bought millions of shares at the big bank.
at #Oerlikon should be less #VekselbergPeople sit on the board – the industry group grew in the third quarter #Industry @OerlikonGroup https://t.co/vvdudqvJFJ pic.twitter.com/bkpNYPAN4w
– money (@cashch) October 30, 2018
Straumann (+ 2.5%) and Oerlikon (+ 1%) are in figures. In total, the various medium and small capitalizations listed in the pre-market table tend to decrease somewhat.
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6:40
The Tokyo Stock Exchange is clearly in the most. Although the Japanese stock market followed the weak US requirements early in the negotiations. However, long-term investors, such as pension funds, would have been stunned by recent price losses, said chief investment strategist Norihiro Fujito of Mitsubishi UFJ Morgan Stanley Securities.
Singapore office owners have the upper hand https://t.co/VG6GI2q6iZ
– Bloomberg Asia (@BloombergAsia) October 30, 2018
The Nikkei index, worth 225, is up 1.6% to 21,480 points. The Shanghai Stock Exchange rose 0.5%. The index of key companies in Shanghai and Shenzhen gained 0.7%. The MSCI index of Asian shares excluding Japan fell 0.1%.
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6:35
The euro stands at 1.398 francs and is somewhat weakened during the night. The dollar continues to trade slightly above parity of 1.0019 against the franc.
One euro is valued at 1.1378 USD, against 1.371 USD at the end of the session in New York. The dollar traded at 112.67 yen after 112.36 yen in the United States.
(Reuters)
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