Trucks support SMI | Financial Markets Analysis, Economic Cycle and Monetary Policy | Market stocks

(AWP / Reuters / SPU) The Swiss stock market is higher in the middle of the week. The Swiss stock market index SMI ( SMI 8660.46 0.41% ) opens 0.2% lower, but becomes positive at the beginning of meeting. On Tuesday, the leading index advanced by just over 1%, led by market heavyweights considered less cyclical.

As stock exchanges in the United States are closed due to the national holiday, trading should continue in calm lanes. The Swiss reference wins the heavyweights of Novartis ( NOVN 76,36 2,03% ) and Roche ( ROG 224.15 0.92% ) as well as Nestle ( NESN 79.24 0.33% ) The light . On the losing side are ABB ( ABBN 21.2 -1.12% ) and Geberit ( GEBN 420, 2 -1.01% ) . Bank Vontobel ( VONN 71.35 -0.83% ) lowered the price target for Geberit to 490 from 500 Fr. [19659004] Also bank shares around UBS UBSG 15.005 -0.37% ) Credit Suisse ( CSGN 14.805 – 0.5% ) and Julius Baer ( BAER 57.34 -0.62% ) Trade more easily.

In the big market are comets ( COTN 84.2 -19.81% ) in the home. Shares open 10% lower and continue to slide. The technology company plans to separate from Ebeam's investment business in Davenport, United States, and therefore proposes a provision that will reduce its net profit by some CHF 10 million

] VAT Group ( VACN 122.1 [19659013] -6.22% ) are affected. Losses at Tornos are also striking TOHN 11.75 -6.37% )

Vifor Pharma ( VIFN 168 5, 49% ) stand up clearly. Credit Suisse raises the rating of its shares to "outperform" neutral and raises its target price to 190 francs

AMS shares ( AMS 66.46 [19659013] -2.38% ) yield, although the news that CEO Alexander Everke will remain with the chipmaker until 2021, a factor of uncertainty has disappeared from the radar of investors.

Sunrise ( SRCG 85.3 3.08% ) Clear.

Asia lower

Asian stocks are down. Concerns about the Chinese renminbi currency continue to weigh on us. The MSCI Asia-Pacific has fallen to its lowest level since October. The Japanese Nikkei lost 0.2%, the Hang Seng in Hong Kong 1% and the Shanghai Composite 0.7%

Euro above $ 1.16

L & # 39; euro is well above $ 1.16. However, profits made overnight can not fully support the common currency. Currently, one euro costs $ 1,1635. Against the franc, the euro is virtually unchanged at CHF 1,155. The dollar rises slightly to CHF 0.9932

Oil recovers

The price of oil recovers from its sharp fall prices. A barrel (159 liters) of the North Sea Brent ( Brent 77,772 0.45% ) costs just under $ 78. The price of gold is $ 1259 troy ounce.