SMI thanks to Roche | Financial Markets Analysis, Economic Cycle and Monetary Policy | Market stocks

(AWP / Reuters / SPU) The Swiss stock exchange continues its advance. Dealers explain the good intermediate results of the heavyweights of the Roche index ( ROG 246.2 3.22% ) and Nestle ( NESN 80.68 [19659003] 0.98% ) attract investors. In addition, deflation in the trade dispute between the EU and the United States should provide a good mood.

The Swiss Market Index SMI ( SMI 9119.86 1.11% ) open 1% firmer. On Wednesday, the leading index gained 0.2%.

In Switzerland, among others, Roche presents figures. The increase in sales of new drugs has brought the pharmaceutical company surprisingly good first half of 2018 brought. The certificate of participation is very clearly in the plus. Novartis NOVN 82.1 0.22% ) barely reacts

With new records in the first half, the Sika chemical construction company is waiting ( SIKA [19659002] 140.5 0.5% ) . Investors are happy to see the stock market gain.

Nestlé's semi-annual report is also doing well. The stock picks up speed after the food manufacturer has announced that it will accelerate growth in the second half of the year

In addition, the two major UBS banks ( UBSG 16.12 1.48% ) and Credit Suisse ( CSGN 15.66 1.06% ) more clearly than the entire market.

The stock of Swiss Life ( SLHN 345 -0.75% ) gives way. JPMorgan downgraded the title to Neutral's Underweight.

In the Broad Market, Autoneum ( AUTN 228.4 -1.3% ) is featured. The supplier of the automotive industry has made more sales, but the company must accept a slight decline in earnings figures.

Mixed picture in Asia

Asian stock markets are unequal. The Nikkei 225 (-0.1%) in Tokyo, Hang Seng (-0.7%) in Hong Kong and Shanghai Composite (-0.7%) are trading lower. In contrast, the Korean Kospi wins (+0.7).

Euro stable

The course of the Euro is not clear. The European common currency is trading at $ 1,170
The euro hardly moves against the Swiss franc. It costs 1,1634 Fr. a little more than in the afternoon with 1,1609 Fr. It looks like the dollar. The greenback is traded for 0.9920 Fr.

The price of oil is firmer

The price of oil is rising somewhat. A barrel (159 liters) of the North Sea Brent costs just under $ 74. The price of gold is $ 1229 troy ounce.