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(AWP / Reuters / SPU) The Swiss Stock Exchange continues to catch up on the last trading day of the week. Many investors were expecting good corporate profits and therefore more and more resort to equities, says a trader. In the United States, the tax season resumes Friday with the results of the big banks JP Morgan, Citigroup ( C 68.51 0.88% ) and Wells Fargo Ride.
In Switzerland, the index of the Swiss market (SMI ( SMI 8838.39 0.23% ) ) at the opening 0 , 1%. Already on Thursday, the Swiss stock market began a recovery and closed at just under 1.6% of the most. The fear of escalating the trade dispute between the United States and China, which could also hurt the global economy, has once again taken the plunge.
The Swiss default values Lonza ( LONN 288.1 0.98% ) in early trade up. In addition, the shares of luxury goods manufacturer Richemont ( CFR 83.96 0.74% ) and Swatch Group ( WATCH 461.4 0.85 ) .
Financial stocks are rather weaker. The two bank titles around UBS ( UBSG 14.97 -0.2% ) Credit Suisse ( CSGN 14.83 0.03% ) and Julius Baer ( BAER 57.44 -0.14% ) as well as insurance shares around Zurich Assurances ( ZURN 298 -0.07% ) Switzerland ( SREN [19659002] 88.42 0.29% ) and Switzerland SLHN 345.5 -0.06% ) occur on the spot respectively act more low.
The shares of Barry Callebaut ( BARN 1839 2.28% ) increase. The cocoa and chocolate maker increased sales volume in the first nine months of fiscal 2017/18.
Ems-Chemie ( EMSN 628 2.87% ) increase. The chemical specialty company is again strongly growing in the first half and increasing the dividend.
Assets of asset manager GAM ( GAM 12.13 -9.34% ) The company expects the profits to decrease during the first half due to several special effects related to the acquisition of the British competitor Cantab.
Obseva Biotech shares start at $ 15.50 at their start SIX, Fr. 75. and thus almost 12% in the most. The reference price is 15 Fr. For the Geneva-based company, the listing on the Swiss Stock Exchange is a secondary note. The shares are already traded on the Nasdaq American Stock Exchange.
Asia quoted in addition
The Asian stock exchanges exchange mainly from farm to friendly. The leading Japanese indices Nikkei 225 and Topix rose respectively by 2 and 1.3%. Hang Seng in Hong Kong is up 0.6%, while the Chinese CSI 300 index is down 0.4%. The Korean Kospi is closing close to 1% from yesterday's close, with the Australian S & P / ASX 200 showing that the MSCI Asia Pacific rose 0.2% [19659004] Parity of the dollar to the franc
slightly against the dollar and the franc. The common currency is listed at $ 1,165. For the franc, the euro is currently at 1.1685 Fr. still well below the 1.17 mark, which it crossed Thursday night. The dollar, however, hardly changed at CHF 1.0026
Oil changed little
The price of oil is stable. A barrel of (159 liters) North Sea Brent ( Brent 73,602 -0.77% ) costs about $ 74. The gold exchange at $ 1246 troy ounce.
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