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17:40
The SMI increases by 0.1% to 9174 points. The activity went well despite the wealth of corporate balance sheets.
The focus was on Credit Suisse. In the big bank, the years of converting from an investment bank into an asset manager for wealthy private clients are increasingly paying off. The second largest Swiss institute doubled its profit in the second quarter, mainly due to earnings growth. Shares increase by 1.1%. The shares of its competitor UBS rose by 0.8%
On the other hand, investors put the shares of GAM Holding on the market. The asset manager loses 12.6% in value. The half-yearly profit of the company fell by 62% to CHF 24.5 million.
In contrast, investors took Swissquote shares. After a sharp increase in profits, online banking has raised its forecasts. Shares jumped more than 10%.
Profit-taking, according to dealers, drove Logitech's shares down by 4.7%. The computer accessories manufacturer increased its profits in the first quarter faster than expected, outperforming analysts' expectations. (Read the detailed stock market comment for Tuesday.)
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15:50
After the losses at the beginning of the week, the prices of Wall Street stabilize somewhat Tuesday at beginning of the exchanges. The Dow Jones and the S & P 500 open 0.4%, while the Nasdaq composite is up 0.7%. The purchases are supported by a report on a new attempt at détente between the United States and China. The Bloomberg news agency reports that both parties wanted to talk about how a large-scale commercial war could be avoided. This also boosted European stock prices just before the US opening.
Many investors are also betting that Apple will not disappoint investors, according to a trader. More recently, price declines on Facebook and Twitter had disrupted investors after disappointing interim reports. Apple is 0.5% higher. The smartphone maker will post its results after the closure of the United States.
Here's what to look for in Apple's earnings today https://t.co/GE9uUXJppm pic.twitter.com/Ukock6Oy2F
– Bloomberg (@business) July 31, 2018
Other Dow Jones companies also commented on their balance sheet: Pfizer increased its earnings guidance in the second quarter after strong earnings growth, but also lowered its sales forecast due to the strength of the dollar. Shares are starting to change little. Procter & Gamble's papers yield slightly after the numbers
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12:35
The Swiss Stock Exchange is moving a bit more friendly Tuesday afternoon. The slight advance is supported mainly by the bank shares. Overall, the company is doing well despite the wealth of corporate balance sheets. Market players are acting cautiously on the eve of the US Federal Reserve's decision on interest rates and the Swiss National Day, at the closing of the stock market.
The SMI raises 0.1% to 9174 points at noon. On Monday, the benchmark was down 0.1%.
Investor interest is limited to companies that have issued interim reports. The focus is on Credit Suisse. Thanks to a solid asset management business, the big bank recorded a rise in its profits in the second quarter of 2018. The shares rose by 1.6 per cent and lead the list of winners in blue chips. Shares of its competitor UBS rose by 0.9%.
In contrast, investors launch GAM Holding shares in the market. The asset manager loses one-fifth of the value. The half-yearly profit of the company fell by 62% to CHF 24.5 million.
In contrast, investors take advantage of Swissquote's shares. After a sharp increase in profits, online banking has raised its forecasts. Titles jump 9%.
In the general market, Klingelnberg shares are up 2.6%. Credit Suisse and Vontobel included the analysis of the analyst with the recommendation "Outperform" or "Buy." (Read the detailed stock market report at noon.)
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10:55
The Swiss Stock Exchange Tuesday after the start of negotiations on the spot. Meanwhile, the SMI is positive. He recorded with 9187 points 0.3 percent more. The day before, the index advanced had fallen by 0.1%.
Investors are limited to shares of companies that have published their interim report. The focus is on Credit Suisse. The large bank reported higher earnings in the second quarter of 2018 thanks to strong asset management activity. Title increases 1.3%, placing winners below SMI
A positive unexpected result and a higher forecast allowed Logitech's action to gain momentum. After more than 2%, profit taking started and equities remained short-term.
The shares of GAM Holding are under massive pressure of minus 17.4%. The net profit of the asset manager fell 62% to 24.5 million Swiss francs in the first half of the year.
On the other hand, investors are turning to Swissquote shares. After a sharp increase in profits, the online bank raised the forecasts. The title wins 9%.
Klingelnberg increases by 2.5% to 48.50 francs. Vontobel accepted the mechanical engineer's cover with the recommendation "Buy" and the target price of 55 francs
The shares of MCH Group still lose 5.3%. The fair trader's papers are under pressure as Swatch's largest watch manufacturer 2019 no longer participates in the Baselworld watch and jewelery fair
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09:45 [19659002] The deduction of the recommendation to buy Baader Helvea sends shares of the bank Vontobel. The stock of the asset manager fell 3.1% to CHF 70.15 in a tense market. Baader Helvea lowered the rating to "withhold" from "buy" and set the price target at 76 francs. After the strong development, it's time for a respite, the bank said.
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09:10
The SMI starts at 9159 points (-0.04 percent). Beyond the reporting period, this morning, it is about processing the latest economic data and decisions of the central bank in Asia. The mood of Chinese industry has deteriorated, according to the manufacturing PMI. With more excitement but the decision of the Japanese central bank was expected. He remains committed to his ultra-loose monetary policy, but intends to make his bond purchase program more flexible.
Credit Suisse (+ 2.2%) continues to recover, gaining a lot more in the second quarter of 2018 and more than doubling the net result. The competitor UBS (+ 0.4%) also starts more. In addition, Nestlé (+ 0.2%) will be slightly higher. Swatch (-0.8%) suffers the most from SMI titles.
"We are done with the restructuring," says Credit Suisse CEO Tidjane Thiam, who salutes the latest results https://t.co/KRebAUZxcU pic.twitter.com/dKokdeyvev
– Bloomberg (@business) 31 July 2018
Swisscom (-0.2%) strengthens its activity in Italy. The subsidiary Fastweb takes over from Tiscali provider of a certain frequency band, which is expected to play an important role in the next generation of mobile 5G. Profits up 0.8% on Logitech shares. The computer accessories manufacturer has experienced surprisingly strong growth early in its 2018/2019 fiscal year.
In the general market, the asset manager GAM (-5.2%) is not doing well either with the figures submitted. Lem (-0.5 percent), electronic components manufacturer, as well as Swissquote online banking have introduced company numbers.
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08:48
After the interest rate decision of the Japanese Central Bank investors withheld in Tokyo. The Nikkei stock index closed Tuesday's session at 22,553 points, with a Topix index down 0.8% to 1753 points. In the bond markets, the announcement by the Bank of Japan that interest rates would remain "very low" for a long time and that the bond purchase program would become more flexible has also been feeling. The yield on 10-year Japanese bonds trending down has dropped three basis points, and 40-year government bonds have dropped by just under nine basis points.
In the Chinese stock market, the CSI 300 index, with the 300 largest stocks on the Chinese mainland, fell by 0.16% to 3509.50 points. Hang Seng in Hong Kong lost 0.49% to 28,591.03. In China, sentiment in large industrial and public companies continued to decline in July, slightly more than expected.
The South Korean stock market is bogged down on companies exposed to North Korea, according to the Washington Post US intelligence agencies had indications of building intercontinental ballistic missiles near the North Korean capital Korean from Pyongyang. For example, the names of cement companies Hyundai Cement and Korea Cement have dropped from four to six percent.
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08:27
Oil prices eased slightly Tuesday early in the session. In the morning, a barrel (159 liters) of the North Sea Brent for delivery in September costs $ 74.70. It was 27 cents less than Monday. West Texas Intermediate (WTI) crude oil price fell 22 cents to $ 69.90
Crude oil markets are still under risk from supply and demand. On the supply side, a strike on three oil rigs in the North Sea has raised concerns. To this are added the tensions between the United States and the great Iranian producing country. On the demand side, there is still some uncertainty as to how the trade dispute between the US and many other major economies, such as China, will continue to grow and impact the economy. 39, world economy.
06
The Swiss Market Index (SMI) is calculated by Julius Baer Bank at 9166 points (+ 0.03%). The greatest attention is given to the CS action. After a jump in profits, the stock rose 1.9% before the stock market. Logitech (+ 4.4%) is also higher in number. In addition, GAM (+ 1.9%) and Lem (no pre-market price) submitted figures. In addition, Swisscom (+ 0.5%) reports a strengthening of Italian activity. The three heavyweights Nestlé, Novartis and Roche are in the global market.
SWISS EXCHANGE SCHOLARSHIP: $ SMI -0.01%. $ CSGN + 1.9% (figures) and $ SCMN + 0.5% (follow-up purchases) requested. $ ABBN $ ADEN and $ UBSG on the other hand. Small caps with the exception of $ LOGN + 4.4% (figures) without significant price movements
– cashInsider (@cashInsider) July 31, 2018
On the economic plan, investors devote themselves According to the decision of the Bank of Japan on interest rates, the deliberations of the Fed on two days, the results of which will be published Wednesday night (CEST). In the United States, the index of Chicago-based purchasing managers and consumer confidence – both in July – are also published
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07 : 48
The euro defends itself against Tuesday morning US dollars above 1.17 dollar. In the morning, the common currency costs $ 1,1713, about the same as the previous night. At 1.1568, the euro remains well below the 1.16 level and the US dollar is still trading at 0.9876 against the franc
The Japanese yen is reacting with visible price fluctuations to new decisions Bank of Japan, On the one hand, the central bank confirmed its accommodative monetary policy, but on the other hand made it more flexible.
The fall of Asia after the soft session in the United States was weaker than the minor adjustments of the BoJ. The BoJ presented forward-looking guidelines, making it more flexible but refrained from radical moves, and maintained its JY 10y return target. US yields and JGBs fall sharply, the yen fluctuates. pic.twitter.com/A0IKK5JDzQ
– Holger Zschaepitz (@Shuldensuehner) July 31, 2018
On Tuesday, many economic data will be available for publication in the euro area and the United States. United. On the other side of the Atlantic, data on inflation and growth are expected for the euro area. In the United States, the preferred inflation measure by the US Federal Reserve is pending publication. In addition, the central bank will begin its two-day meeting, with results expected Wednesday night.
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06:45
In Japan, the Nikkei index at 225 stocks traded at 0, 01 percent lower at 22,541 points. The broader Topix index edged down 0.9% to 1752 points. In the United States, losses on high-tech stocks weighed on the stock markets. Traders questioned the ability of the high-technology and high-tech sector to continue its rapid growth.
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06:36
The yen rose slightly, costing a dollar 111.00 yen. NAB analysts said the pre-rise price gains were now slow. Looking ahead, a bank in Japan that continues to be very stimulating for a long time will challenge our expectation of additional gains from the yen in the light of its historically low valuation and the assumption that it will continue to grow. a weaker dollar. "
changed at the end of New York to $ 1,1703. The Swiss franc traded at 0.9878 francs per dollar and 1.1564 francs per euro.
(cash / Reuters / AWP)
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