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(AWP / Reuters / SPU) The Swiss stock market is losing easily. Investors are likely to shrink due to lack of clear US guidelines, dealers say. US Federal Reserve Chairman Jerome Powell may be able to take a new direction at his US congressional hearing. The Fed should be optimistic about the economic outlook in its biannual performance before Parliament and continue to signal a gradual rise in interest rates.
The Swiss Market Index SMI ( SMI 8822.38 -0.29% ) begins 0.2% lower. Monday, the advanced index fell 0.15%.
Stocks of luxury goods are unequal. While Swatch Group ( WATCH winning 465.7 0.45% ) Richemont sinks ( CFR 83.2 -0.72% [AutotallestitresofinsurancebySwissRe ( SREN 89 0.25% ) Zurich Insurance (19459006) ZURN 298.9 0.5% ) and Swiss life ( SLHN 347.7 0.43% ) ] The weak increases include the shares of the large banks around Credit Suisse ( CSGN 15.175 0.4% ) and UBS ( UBSG 15.14 [19659007] 0.07% ) .
On the other hand, heavy pharmaceutical weights weigh on the SMI. Rock ( ROG 231.4 -0.37% ) and Novartis ( NOVN 78.24 – 0.53% ) give way. On Wednesday, Novartis and the SGS inspection company ( SGSN 2630 -0.27% ) will see the first major Swiss companies in the books.
Am breit Technological equity market trends around the ASM, Logitech ( LOGN 44.88 -1.54% ) and Temenos ( TEMN 156.2 [19659004] -1.26% ) deeper.
Schlatter ( STRN 48.8 7.02% ) strongly agree after compelling semi-annual figures [19659002] Panalpina's actions ( PWTN 135.4 -2.38% ) Pink. The logistics group increased its sales and profits in the first half of the year
Bell Food Papers ( BELN 279.5 -11.41% ) are affected by the decline in profits overwhelmed in the first half of the year.
Asia in Minus
The Asian stock markets lose the majority. Although the Japanese equity trading is optimistic, where the stock market Monday for a holiday has taken a break. The Nikkei 225 index is 0.4% higher than last Friday. But other markets suffer losses. The major Chinese stock markets are particularly weak. The Shanghai Composite Index as well as the Hong Kong Hang Seng show a minus a little more than 1%. In South Korea, investors are waiting. The Kospi index is unchanged. The MSCI Asia Pacific index is down 0.2% in the early afternoon, local time
The euro sits away from 1.17 Fr
The Euro is trading above $ 1.17. The common currency currently costs $ 1,171. The franc has apparently bid farewell to its intermediate weakness at the end of last week. The dollar is trading at 0.9964 Fr. and therefore remains below parity. The euro costs at 1.1673 Fr. almost the same as the previous night, and the mark of 1.17 Fr disappears somewhat out of sight
The price of oil remains stable
The price of oil does not not rely on its significant losses the day before. A barrel (159 liters) of the North Sea Brent costs a good $ 72. The price of gold remains unchanged at $ 1240 troy ounce.
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