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(AWP / Reuters / SPU) The Swiss stock market begins to recover despite the resumption of commercial litigation. The day before, the Swiss Market Index (SMI ( SMI 8682.93 -0.98% ) ) was sent to an offspring. Responsible for nervousness in world markets is again US President Trump. He used the start of the NATO summit for new tariff threats against China.
The SMI opens 0.3% more. There are mostly moderate gains among blue chips. Rock ( ROG 224.8 0.67% ) Through a Berenberg promotion, they are on the buying side and are in the most. In addition, Novartis ( NOVN 76.22 0.47% ) is rising and thus supports the advanced index
Some companies are focus on their half-yearly figures. Asset Manager Partners Group has submitted an interim report. While customer demand has missed market expectations, assets under management have been impressive. The title loses
DKSH ( DKSH 69.4 -1.35% ) unscrews its profit forecasts for the entire year. In addition, the company exceeded consensus estimates for organic growth, but the EBIT was higher than expected. Titles act weaker.
By cons, Bossard ( BOSN 191.3 -0.05% ) is convinced with a new record of turnover and profits. In particular, European affairs were around, but also America and Asia showed positive development.
LLB surprised with key data for the first half. The bank expects a profit 24% lower than the previous year. Meanwhile, Valiant ( VATN 111.6 -1.59% ) from a discreet study by Credit Suisse ( ] CSGN 14,865 0.3% ) Curbed and fed. Vontobel ( VONN 74.05 -1.86% ) were purchased by the Citigroup ( C 67.91 -0,47% ) filed and lost.
TVA Group ( VACN 122.4 -3.09% ) Attracting. HSBC ( HSBA 704 0.37% ) updates the rating of the parts of the vacuum valve manufacturer in an industrial study to "buy" from " to hold "the target price is 163 out of 157 Fr.
The reporting season is slowly picking up speed. On Fridays, the chocolatier Barry Callebaut ( BARN 1785 0.06% ) and Ems-Chemie ( NEMO 612.5 0.45% ) Report on the course of business
Asia frees itself for the moment from concerns over trade disputes
Despite the trade dispute, prices in Asian markets are increasing. Japanese indices Nikkei 225 ( Nikkei 225 22187.96 1.17% ) (+ 1.2%) and Topix (+ 0.5%) are in increase. In China too, prices are becoming clearer. Hang Seng (+ 1%) in Hong Kong and Shanghai Composite (+ 2.3%) are higher. Relatively small are the gains on the Korean stock market, the Kospi ( Kospi 2290.2 0.43% ) rises to 0.4%.
Euro stabilized
The euro is recovering a bit from the losses of the previous day. The common currency is trading more closely at $ 1.1685 to the US currency. The US dollar is also stable at CHF 1.1631 and the dollar barely at CHF 0.9955
Gold and oil counter-movement
The price of oil is consolidating towards the middle of the week after heavy losses, A barrel of (159 liters) North Sea Brent ( Brent 74,523 -0.01% ) costs just under $ 75. On Wednesday, fears of a trade war between the United States and China weighed heavily on the price of oil by about 5%. Gold ( Gold 1245.28 0.25% ) is trading at $ 1243 troy ounce after yesterday's dues.
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