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9:45 p.m.
US Treasury Secretary Donald Trump's economic adviser Larry Kudlow eased expectations of the US president's meeting with Chinese leader Xi Jinping. The Republican had not commissioned a draft conflict resolution agreement, Kudlow told the CNBC television channel. He contradicted a report from the Bloomberg news agency, which had nurtured the hope of ending the conflict and backing US stock markets.
The Dow Jones index closes with a less than 0.4% to 25,270 points. The S & P 500, wider, yields 0.6% to 2722 meters. The index of Nasdaq technology exchange fell 1.8% to 7343 digits. This was followed by a three-day break from trading with successive price increases after October, a black-market month. On a weekly basis, however, the Dow and S & P recently posted a more than 2.4% and Nasdaq 2.7%.
Apple shares lose about 7%. The iPhone maker has mentioned imminent bottlenecks in production in the important Christmas market. As a result, quarterly sales may be below expectations.
In contrast, Starbucks papers were in demand after the latest quarterly figures. The coffee chain reported good deals in the United States and China. The share price increases by almost 10%. Chevron has also been favored by investors. The oil company was able to double its quarterly profits thanks to record oil and gas production. Newspapers increase by 3.2%.
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5:40 p.m.
The Swiss stock market has been out of breath shortly before the end of the week with sharp price increases. The SMI, leading index, fell 0.3% to 8992 meters. During the week, the standard index rose by about 3.8%. Traders say that at the end of the week, investors took some of the profits.
The shares of companies that should benefit from a softening of the trade dispute, such as luxury goods, for which China is a major selling market, were particularly sought after in the Swiss benchmark. Swatch gained 4.1%, Richemont 2.7%.
The SMI was slowed down by heavyweight price declines in the defensive index. Roche's shares report 1.3%. The Novartis share loses 0.5%. The food giant Nestlé yields 1.4%.
Comet was not in favor of investors. The technology company's shares fell 7.7% after closing its forecast due to lower orders in the semiconductor market.
Ascom shares slipped 8.0% after UBS downgraded the telecommunications provider's recommendation to "sell" to "buy". (Read the detailed commentary of the stock market on Friday.)
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3:10 p.m.
Speculation about a possible exit from the US trade dispute with China brings further gains to Wall Street. The Dow Jones Industrial Index rose 0.5% to 25,513 points early in the week, but a drop in Apple's heavyweight costs it a few points. However, the disappointing prospects of the iPhone maker darken the mood of technology stocks. Unlike the Dow, their Nasdaq 100 selection index drops 0.3% to 7053 points.
United States open higher https://t.co/5aTM3STxRY pic.twitter.com/SJjgP3fq57
– Bloomberg Markets (@ markets) November 2, 2018
According to a report by the Bloomberg news agency, US President Donald Trump wants to conclude a trade deal with Chinese President Xi Jinping at last November's G20 summit. Trump has already instructed government employees to work out details. However, investors did not want to give him full credit at the beginning, depending on the market. Too often, Trump has recently been shown fickle.
A robust labor market report in the United States initially provides little economic stimulus. Job growth was a positive surprise, but wage developments, which caught the attention of US monetary policy, remained limited. At the same time, the reporting season has been accompanied by generally mixed quarterly results.
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11:40
Shares of the Swiss stock market began trading on Friday in a favorable stock market environment. The SMI almost lost its initial gains until just before noon. At the end of the week, the prospect of a solution to the trade dispute between the United States and China will be a crosswind. It had already pushed Wall Street the night before. In Germany, however, taxes on defensive heavyweights slow down the lead index, while cyclicals, led by luxury stocks, skyrocket.
The SMI has lost some of its previous gains and remains 0.1% higher at 9027 points. The highest daily is at 9076 points, while the SMI since last week with a good 4% and more. On the other hand, the 30-share index rose sharply by 0.9% to 1434 points and the ISP by 0.3% to 10,669 points.
First and foremost, cyclists benefit from the thaw on the commercial front. Significant progress was made by watch and jewelery manufacturers Swatch (+ 4.4%) and Richemont (+ 4.2%). China (including Hong Kong) is known to be the leading market for watches from Switzerland.
Cyclicals such as Sika (+ 3.5%), Clariant (+ 3.4%) or Logitech (+ 2.7%) are also on the rise.
The stock market is held back by the three heavyweights of the SMI: Roche (-1.4%), Novartis and Nestlé (-0.9% in both cases).
There is a lot of movement on the market at large. The X-ray specialist Friborg, Comet (-9.5%), issued Friday a warning on its results for the second time this year. He will be punished on the stock market.
Cosmo (-3.3%) and Ascom (-9.9%) are also under pressure. Although Cosmo has received a negative decision from the Food and Drug Administration (FDA), UBS has placed Ascom titles on the sales list. (Read the detailed report on the stock market at noon.)
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9:15
The Swiss Market Index (SMI) increased by 0.6% to 9067 points immediately after the opening of the market. The prospect of a solution to the trade dispute between the United States and China is in a good mood. That had already boosted the stock on Wall Street the night before and the major markets were also picking up sharply in the Asian market. In the early afternoon, as a result of the October Labor Market Report, US economic data should be the focus of attention.
Cyclists such as Richemont (+ 3.0%), Swatch (+ 4.0%), LafargeHolcim (+ 2.5%) or ABB (+ 1.6%) are friends with the Blue Chips. In particular, the titles of jewelry and watch manufacturers Richemont and Swatch benefit from the rapprochement between the United States and China. China (including Hong Kong) is the main market for Swiss watches.
But the names of the big banks UBS (+ 2.2%) and Credit Suisse (+ 0.9%) also benefit from the improvement in confidence, while the Nestlé defensive heavyweights (-0.4%), Roche (-0.6%) and Novartis (-0.3%) as the only SMI scores.
In the wide market, Comet (share: -13.2%) with a profit warning for the conversation. In view of the persistently weak demand, Friborg's X-ray specialists have had to lower their profit margin and operating margin targets for the second time this year. The HME (+ 0.4%) is also struggling with problems. The salon operator must continue to press the cost brake.
Cosmo (-6.3%) and Ascom (-5.3%) stocks were also under pressure on Friday. Although pharmaceutical company Cosmo has received a negative opinion from the Food and Drug Administration (FDA) on MMX colorectal methylene blue, Ascom shares have been placed on the UBS sales list.
Leonteq (+ 2.1%) starts better in the trade. The investor Rainer-Marc Frey has increased his stake in the financial company to more than 10%.
What is Rainer-Marc Frey? #Leonteq before? https://t.co/U1DOibU9Ry pic.twitter.com/cjpYd1pCdM
– money (@cashch) November 2, 2018
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twenty five past eight
Asian investors have accumulated stocks in hopes of finding a quick solution to the long-standing trade dispute between China and the United States. The Japanese index n ° 1 Nikkei closed Friday at 2.6%, settling at 22,243 points. It was the biggest daily gain since March.
China's stock exchanges in Shanghai, Shenzhen and Hong Kong each accounted for about three percent. The Chinese currency Yuan, which had been under pressure in recent weeks, was again sought. Already on Wall Street, the President of the United States, Donald Trump, had taken measures of relief when he announced, via the service of SMS messaging, that the negotiations with China on the customs conflict were "well engaged ". As reported by the Bloomberg news agency, Trump has prepared a draft commercial agreement.
The G20 summit in Argentina later this month should be a solution. "It makes sense that Trump now supports de-escalation," said chief badyst Chisato Haganuma of Mitsubishi broker UFJ Morgan Stanley. The consequences of the customs conflict are incalculable for the American economy. In Japan, it is mainly the shares of companies heavily involved in China that have exploded. For example, the electronics group Yaskawa and the robot manufacturer Fanuc increased by 7.1 and 5.9%. Construction machinery maker Komatsu's shares were up 6.7% and those of the Pigeon baby bottle maker 8.9%.
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8:10
The Swiss Market Index (SMI) is up 0.6% on the Vorsteiger Stock Exchange calculated by Julius Baer. In trading yesterday, the lead index fell 0.1% and closed at 9017 points. Positive guidelines are available in the United States. Because on Wall Street, the President of the United States, Donald Trump, added a conciliatory tone to the customs dispute.
On Friday, the focus should be on US labor market data. They hope to draw conclusions about the timing and pace of expected rate increases in the United States. In addition, the sentiment barometers of German and European purchasing managers are on the agenda. After the close, the latest results of the European banks' stress test are also expected.
All SMI shares are positive in advance, with the largest gains coming from ABB, Adecco, Richemont, Swatch and UBS (+ 0.8%).
In the mid-cap zone, Comet is down after a profit warning equal to 11.9%. Aryzta, whose capital increase was approved yesterday, reports 4.2%.
Bank calculations @Vontobel Depending on the capital increase, the manufacturer of highly indebted bakery products #Aryzta dilution greater than 80% (!!!) for existing shareholders. $ ARYN $ ARZTY
– cashInsider (@cashInsider) November 1, 2018
With a 2.6+ note Leonteq. Rainer-Marc Frey (RMF) increases its stake in the derivatives specialist to more than 10%.
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8:00
For the moment, oil prices have stopped their slide on the last trading days on Friday and have risen slightly. In the morning, a barrel (159 liters) of Brent from the North Sea cost 73.30 dollars. It was 41 cents more than the day before. The price of US West Texas Intermediate (WTI) crude increased five cents to $ 64.73.
Oil prices have been supported by a press report that the United States wants to end the trade dispute with China. The Bloomberg news agency reported Friday morning that US President Donald Trump wanted to conclude a trade deal with Chinese President Xi Jinping, citing four people close to the case. The sharp price rises on the Asian stock markets would also have pushed up oil prices, market observers said.
However, US sanctions against Iran, a country of OPEC, remain a dominant theme in the oil market. According to market observers, oil prices have been reduced by a press article that indicates that there are many exceptions to the sanctions. As reported by the Bloomberg news agency, citing also anonymous circles, eight countries are expected to continue to import oil from Iran. Previously, only India and South Korea had been mentioned as possible exceptions.
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6:40
The 225 main shares of the Nikkei rose 2.5% to 22,225 points this afternoon. The wider Topix gained 0.6% to 1642 points. The companies' encouraging balance sheets and hopes of defusing the trade dispute between the two countries helped Wall Street on Thursday. The tariff dispute was provoked by the conciliatory tone of US President Donald Trump.
Trump reportedly has a trade deal with China https://t.co/r7lgdZIdIH
– CNBC (@CNBC) November 2, 2018
Contrary to the general market trend, Suzuki Motor has left about 5% of springs. The automaker had previously disappointed with its quarterly figures, the markets.
The shares of the Apple suppliers, Murata Manufacturing and Alps Electric, also appeared on the agents' sales lists, with discounts of around 2%. Apple fears the bottlenecks of production in the important Christmas activity. The company is not sure if it can meet the expected demand for the production of new iPhone, iPad, computer clocks and Mac computers, "said Reuters CEO Tim Cook.
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6:35
The euro has given way to the dollar in Far Eastern trade. The last single European currency cost $ 1.1344. Against the yen, the US currency reached 112.69 yen. The Swiss franc was quoted at around 1.0015 francs to the dollar and around 1.1420 francs to the euro.
(Cash / AWP / Reuters)
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