+++ stock ticker +++ – US stock markets are on the ground – oil prices are falling | new

Business



[ad_1]

22:30

The Dow Jones closed up 0.2% to 25,064 points. In contrast, the broader S & P 500 yielded 0.1 percent to 2798 points. The Nasdaq index of technology index fell 0.3 percent to 7805 points.

In addition to the meeting of Trump and Putin in Helsinki, the focus has been on the current season on both sides of the Atlantic. Expectations for corporate earnings growth in the US and Europe are expected to be exceeded, predicts JPMorgan's strategist Mislav Matejka.

Bank of America, like its domestic rivals, benefited from US tax reform and higher interest rates, Earnings also jumped by one-third to $ 6.8 billion, thanks savings in the second quarter. Shares rose more than four percent. The shares of rivals JPMorgan, Citigroup and Wells Fargo were also in demand and ranged between 2.9 and 3.9%.

Even the world's largest asset manager, Blackrock, has done more than the same. second quarter, but could not attract investors. Shares down 0.6%

Chevron and Exxon oil prices fell by almost 1% each. Low oil prices could spoil companies, speculated investors.

After the close of negotiations, quarterly Netfix figures were expected. Shares rose 1.2% after falling more than 4% on Friday.

+++

17:30

Investors have retained the Swiss stock exchange, The slowdown in economic growth in China and the trade dispute between the United States, China and Europe have dampened the mood of investors. The SMI was down 0.2 percent at 8848 points. "We took a consolidation break after the strong previous week," said a broker. With a gain of 1.9%, the leading index experienced one of the strongest weeks of the current year.

Default defaults outweighed the winners. Large bank stocks were in demand, with Credit Suisse up 1.7% and UBS up 0.4%. As reasons, traders have called the results of US competitors. In addition, Deutsche Bank surprised with pleasant numbers. The German industrial leader made a quarterly profit higher than expected.

Cyclical values ​​such as the LafargeHolcim cement group, the Geberit plumbing company and the ABB electronics group were also included in the sales notes. On the other hand, the actions of the Sika bodybuilding company, the Adecco human resources service provider and the SGS inspection company weaken

The heavyweights of the company. Nestlé defensive index, Novartis and Roche consolidate their strong gains the week before. , 8 percent off. However, shares in the biotech company gained a third on their debut on the Swiss stock market on Friday.

Rieter's shares were 4.2% higher. The activist investor Veraison invested 3% in the textile machinery manufacturer

Read the detailed final report of the SMI here

+++

15:45 [19659002] In Europe, Wall Street investors began to relax early in the week. The Dow Jones climbed 0.1% to 25,045 points. The S & P 500 and the Nasdaq composite were also on site. Many wanted to wait for the possible outcome of the summit of US President Donald Trump with his Russian counterpart Vladimir Putin. "If the relations between Trump and Putin continue to improve, it could still cool relations between the United States and the EU," said market analyst Naeem Aslam of the house of Think Markets trade. Retail sales in the United States were about as expected and barely affected prices

The sharp decline in oil prices has notably spoiled the mood of some investors. Because in New York, many oil companies are listed on the stock market. In the Dow Jones, the shares of the two big companies Exxon and Chevron each dropped by about one percent. Speculation about a rapprochement between Trump and Putin over Iran weighed on prices.

In addition, the focus has been on the balance sheet season. After the closing of the negotiations, quarterly figures were expected from Netfix. The shares started a little higher after falling more than four percent on Friday.

Bank of America shares gained one per cent. Along with its domestic rivals, the bank benefited from US tax reform and rising interest rates. The world 's largest asset manager, Blackrock, also made more money in the second quarter, but did not encourage investors to buy. Shares fell by 1%

+++

14:35

China's declining demand pushes investors further away from the US soybean market. The futures contract traded in Chicago fell 1% Monday and, at $ 8.2625 a bushel, was as cheap as it was nearly a decade ago. Favorable weather conditions in the main growing areas and consequent speculation for a bumper crop also weighed on prices, brokerage experts Allendale said in a comment

China is a major buyer of American soybeans. US President Donald Trump reportedly imposed $ 34 billion in protective tariffs on imports from the Asian country and threatened $ 200 billion in additional charges for allegedly unfair business practices. Chinese consumers are therefore increasingly using Brazilian soybeans, boosting imports by a good 13 percent in June. In this context, the United States Department of Agriculture (USDA) has reduced its forecast of 250 million bushels for soybean exports during the 2018/2019 crop year and predicted record high levels of soybeans. ;inventory.

05

Bitcoin currently trades close to 5% to $ 6631 (at the current price of Bitcoin). This may be due to the fact that some of the biggest names in financial investing involve more in digital currencies.

Blackrock has formed a team to study how the world's largest asset manager uses the cryptocurrency and blockchain markets. may, reported the London Financial News. The company said later in a statement that it focused mainly on the underlying technology of Bitcoin, Blockchain.

Last week, billionaire investor Steven Cohen turned a hedge fund into cryptocurrency and blockchain-type companies. invests. In Switzerland, the SIX Stock Exchange announced ten days ago the creation of a platform for digital asset trading (cash report).

Evolution of bitcoin / dollar in trading today, source: cash.ch

+++

12:30

The Swiss Market Index (SMI) is at 12:30, down 0.1% from 8852 points. [19659003] The global market is slowed notably by the development of heavy goods vehicles. Roche and Nestlé are respectively down 0.4% and 0.2% and Novartis down 0.3%. Following the strong performance of the past two weeks, Novartis is making a slight profit-taking. The approval in Switzerland for the migraine medication Aimovig is considered barely price sensitive in market circles. However, Novartis is also in the hot seat as the half-yearly figures are expected to be released on Wednesday.

Certain financial stocks such as Baloise, Julius Baer, ​​Swiss Life or Zurich weigh heavily on the overall market

Credit Suisse (+ 1.4%) the top of the list of SMI / SLI values. And UBS completes the positive trend of large banks with a gain of 0.9%

The first group is completed by Aryzta (+ 1.25%), LafargeHolcim (+ 0.5%) and Logitech (+ 0.6% %)). In Aryzta, a major shareholder recently increased slightly its participation

+++

11:09

The euro has increased slightly against the US dollar on Monday . In the morning, the common currency is trading at $ 1,170. At night, she had recorded a little lower. For the franc, the euro has changed little with 1.1698 at the 1.17 mark. As a result, the US dollar is just below parity at 0.9997 francs

+++

10:34

Immediately before the summit between the US President Donald Trump and his Russian colleague Vladimir Putin cover investors with rubles. The dollar and the euro temporarily lost 0.7% each Monday to 62.12 and 72.61 rubles

Investors were hoping for improved relations between the two countries through the meeting of heads of state. State, wrote the brokerage analysts of BCS in a comment. Trump had pointed out in the morning on Twitter's short message service that the relationship with Russia was "as bad as ever before."

+++

09:14

The Swiss market index has changed not yet decided on a clear direction early in the week. The Swiss Market Index (SMI) starts immediately after market opening virtually unchanged at 8855 points. Traders talked about the slight economic slowdown in China. The country's economic growth weakened slightly to 6.7% in the second quarter. In addition, the second largest economy in the world increased its output less than expected in June.

Lonza (+ 0.5%) and Adecco (+ 0.7%) are the most dynamic companies in the SMI. On the other hand, Julius Baer and Novartis (-0.4% each) start with the largest reductions

Rieter shares are 2.4% higher. The activist investor Veraison owns just over three percent of the textile machinery manufacturer

Cassiopea has published results of Phase 2 positive studies on the drug Clascoterone for the treatment of hair loss. According to an interim analysis of clinical phase 2, the active ingredient leads to increased hair. In addition, Credit Suisse has raised its target price to CHF 66 on CHF 42. However, the stock is trading at a significant discount of 7.8% on the stock market.

+++

08:50

Investors leave China because of a disappointing economic growth in China there. The Shanghai Stock Exchange lost 0.8% Monday. Japanese markets remained closed during holidays

Growth in China's industrial output slowed to six in June from 6.8% in the previous month. Analysts polled by Reuters were expecting a more than 6.5%. However, the economy's second-largest economy in the world is still robust, said Jim McCafferty, chief analyst for Asia at Nomura Financial Group. After all, a slowdown following the huge growth rates of recent years is predictable. Apparently, the US trade dispute is making many Chinese investors nervous.

Against the trend, ZTE shares listed in Hong Kong jumped 15%. The United States had lifted the embargo on the Chinese smartphone maker. In April, the United States imposed sanctions on ZTE for violating sanctions against Iran and North Korea.

+++

08:10

The Swiss Market Index (SMI) is up 0.1% in Vorbörse, calculated by Julius Baer. On Friday, the benchmark closed up 0.5% to 8861.

All SMI readings are slightly positive. The highest increase is in Lonza (plus 0.3%), with no price sensitive information available.

The movement is below mid-caps: Ems-Chemie and Leonteq advance 1.3%, Rieter even 2.6%. As announced this morning, the activist investor Veraison holds 3.03% of Rieter

+++

08:05

Oil prices eased early Monday of sitting. A barrel (159 liters) of the North Sea Brent for delivery last September cost $ 74.89, 44 cents less than Friday. The price of a barrel West Texas Intermediate (WTI) for delivery in August dropped 44 cents to $ 70.57.

According to recent data, the number of oil wells in the United States has remained unchanged. Since Friday night, press the media reports about the possible increase in price bid. The Bloomberg news agency reported that the US government was considering using national emergency reserves to avoid rising gasoline prices before the November parliamentary elections.

According to another Bloomberg report referring to knowledgeable people, the Saudi Arabia has also offered certain trading partners additional crude deliveries in excess of contractually agreed quantities.

+++

07: 30

The euro rose slightly on Monday early in the session. In the morning, the common currency was trading at $ 1,1693. Before the weekend he had recorded a little lower. The European Central Bank (ECB) set the reference rate at 1.1643 on Friday (Thursday: 1.1658 $).

The franc did not move much over the weekend. Friday night, the euro is currently trading at 1.1770 Swiss franc. The US dollar, at 1.0010 francs, is just above the face value of the franc

+++

06:40

In Shanghai, the index Fellow was down 0.7%. The MSCI barometer of Asian markets excluding Japan fell by 0.5%. Tokyo Stock Exchange closed for holidays

China's economic growth slowed slightly to 6.7% in the second quarter. In addition, the second largest economy in the world increased its output less than expected in June.

In Hong Kong, the share price of Chinese technology group ZTE increased by 13.4%. Investors were pleased to hear the US government's decision to lift restrictions on ZTE and allow the company to continue operating

(cash / AWP / Reuters)

[ad_2]
Source link

Tags

Powered by https://naaju.com/switzerland | Designed by Naaju
© Copyright 2024, All Rights Reserved