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Analysts have updated their recommendations and price targets for several companies, reflecting varied market sentiments. Notable changes include Bakkafrost upgraded to Buy by DNB Markets, while Eni was downgraded to neutral by Redburn Atlantic. Other adjustments include price target reductions for TotalEnergies, UBS Group, and Bolloré, alongside upgrades for Inditex and Mowi.
The Swiss stock market fell by 2.09% amid escalating trade tensions following U.S. tariffs, with the SMI index dropping to 12,324.76 points. The technology sector was particularly hard hit, with Logitech down 12%, while UBS in the financial sector also faced a 5% decline. Defensive stocks like Nestlé and Novartis provided some support, but overall losses were significant.
US markets are under pressure as fears of a trade war escalate with President Trump's impending tariffs affecting all countries. The Dow Jones and Nasdaq 100 indices have seen significant declines, while gold prices soar amid geopolitical tensions. Vaccine stocks also suffered, with Moderna and Biontech experiencing sharp losses.
Swiss pharmaceutical giants Roche and Novartis have abandoned their diversity, equity, and inclusion (DEI) targets in the USA, following new political guidelines from the Trump administration that label such measures as "illegal and wasteful." Roche has informed its global workforce that DEI targets will no longer be publicly communicated, while UBS has removed DEI references from its reports. Other Swiss firms like ABB and Nestlé are currently maintaining a low profile but may adjust their policies based on local conditions.
Stefan Walter, director of FINMA, indicated that the capital strengthening of UBS may be implemented in stages over several years, emphasizing the importance of proper solutions over rushed decisions. He affirmed that UBS should not expect leniency regarding the full capital support for its foreign subsidiaries, a point of contention for bank executives. Walter also noted that Switzerland's adherence to Basel III regulations is beneficial for its economy, asserting that UBS is not over-regulated compared to global standards.
The former head of risk and compliance at Credit Suisse has been fined CHF100,000 ($114,000) for failing to report suspicions of money laundering related to the Mozambique financing scandal. Despite being aware of suspicious activities, he did not notify the Money Laundering Reporting Office in Switzerland. The scandal involved $2 billion in loans to Mozambican state-owned companies, with significant funds being misappropriated.
The Swiss stock market closed slightly higher, with the SMI rising 0.15% to 12,893.98 points, buoyed by gains in cyclical and financial stocks. Notable performers included OC Oerlikon (+8.7%) and Basilea (+8.3%), while Lonza (-2.7%) and Siegfried (-6.3%) faced declines due to conservative outlooks. Encouraging economic signals from Germany and the USA contributed to a positive market sentiment.
The Swiss stock market experienced a slight decline, with the SMI closing 0.24% lower at 12,593.34 points, marking its first loss after six weeks of gains. Swisscom and Holcim saw gains amid merger rumors, while financial stocks like Julius Baer and Partners Group faced significant losses. The US labor market data influenced investor sentiment, with employment growth slightly below expectations but a drop in the unemployment rate to 4%.
US tech stocks faced pressure as Alphabet's shares dropped over 8% following disappointing cloud earnings, while AMD fell nearly 10% amid concerns over its AI processor competitiveness against Nvidia. In contrast, Broadcom rose 4% due to its ties with Alphabet. The dollar weakened amid geopolitical uncertainties and mixed economic data, while gold prices reached a record high.
Swiss equities faced a downturn, with the SMI index dropping 0.57% to 12,475.49 points, primarily due to a 7.1% decline in UBS shares amid capital concerns despite positive results. The market remains volatile, influenced by ongoing tariff disputes, particularly with China. Notable losers included Swatch (-3.2%) and Sonova (-3.4%), while Medacta stood out with an 11% gain following strong sales figures.
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Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
analysts update recommendations and price targets for major european companies
Swiss Franc
Euro
United States Dollar
Norwegian Krone
Danish Krone
Bakkafrost PF
Eni S.p.A.
Lectra
Enersense International Oyj
Euronext N.V.
Mowi ASA
Interparfums, Inc.
INDITEX
Michelin
Adecco Group AG
ABB Ltd
Tomra Systems ASA
BNP Paribas SA
Sartorius Stedim Biotech S.A.
Orsted A/S
Holmen AB
Bolloré SE
Pluxee N.V.
Eiffage SA
UBS Group AG
TotalEnergies SE
Gestamp Automocion SA
Vivendi SE
Hellenic Telecommunications Organization S.A.
Robertet SA
OVH Groupe
Sanofi
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08:31 23.04.2025
Swiss stock market drops 2 percent amid US tariff concerns
United States Dollar
Holcim AG
Novartis AG
Logitech International S.A.
ABB Ltd
Swisscom AG
Sika AG
RICHEMONT, Intellectual Property Services
Hoffmann-La Roche AG
Nestlé S.A.
CHE
Thomas Gitzel
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12:01 03.04.2025
us markets decline amid tariff fears and geopolitical tensions as gold surges
Russian Ruble
Swiss Franc
United States Dollar
Euro
Iranian Rial
Amazon.com, Inc.
Novartis AG
Wolfspeed, Inc.
ABB Ltd
Axon Partners Group, S.A.
Nestle SA
Tesla, Inc.
Apple Inc.
Moderna, Inc.
Implenia AG
BioNTech SE
lululemon athletica inc.
NVIDIA Corporation
Logitech International S.A.
Alphabet Inc.
RICHEMONT, Intellectual Property Services
London Stock Exchange Group plc
Akademiska Hus AB
Microsoft Corporation
Robert F. Kennedy Jr.
Edward Yardeni
Donald Trump
Kevin Hassett
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07:17 31.03.2025
Swiss companies abandon diversity targets in the United States
United States Dollar
Novartis AG
Hoffmann-La Roche AG
ABB Ltd
Nestlé S.A.
USA
CHE
Nicole Niedermann
Rebekka Schnell
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11:00 24.03.2025
finma director suggests phased capital strengthening for swiss bank ubs
08:44 20.03.2025
former credit suisse manager fined for failing to report money laundering
12:00 19.03.2025
Swiss stock market edges up as Oerlikon and Basilea report strong results
United States Dollar
Euro
Swiss Franc
Straumann Holding AG
Roche Holding AG
Lonza Group AG
ABB Ltd
Sandoz Group AG
Julius Bär Gruppe AG
Alstom SA
Novartis AG
Swiss Re AG
Nestlé S.A.
Zurich, Agence générale Christian Meier SA
OC Oerlikon Corp AG, Pfaffikon
DEU
USA
CHE
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08:06 18.02.2025
Swiss stock market dips as labor data and tech sector woes weigh down indices
United States Dollar
Euro
Swiss Franc
CVC Capital Partners plc
Lemonade, Inc.
ABB Ltd
Axon Partners Group, S.A.
Iliad SA
Hoffmann-La Roche AG
Swiss Re AG
BioVersys AG
SGS SA
Vodafone Italia S.p.A.
Holcim AG
Adecco Group AG
Julius Bär Gruppe AG
Swisscom AG
Novartis AG
Telecom Italia S.p.A.
DocMorris AG
Nestlé S.A.
Zurich, Agence générale Christian Meier SA
EMS-CHEMIE HOLDING AG
Geberit AG
Vivendi SE
Swiss Life Holding AG
CHE
Thomas Gitzel
Xavier Niel
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07:52 07.02.2025
us tech stocks face pressure as earnings reports and economic data emerge
British Pound Sterling
Swiss Franc
Japanese Yen
Euro
United States Dollar
Valiant Holding AG
AMD/BRX
ABB Ltd
Kudelski SA
Apple Inc.
RICHEMONT, Intellectual Property Services
NATURENERGIE N
SGS SA
Sika AG
Amgen Inc.
FMC Corp
dormakaba Holding AG
NVIDIA Corporation
The Walt Disney Co
Alphabet Inc.
Broadcom Inc.
Amazon.com, Inc.
Nestlé S.A.
Partners Group Holding AG
Swiss Life Holding AG
JPN
IND
KOR
AUS
HKG
CHN
CHE
USA
Donald Trump
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05:52 06.02.2025
swiss equities decline as UBS shares slump amid financial market uncertainty
Swiss Franc
Sonova R
Logitech International S.A.
PolyPeptide Group AG
ABB Ltd
Galderma Group N
Julius Bär Gruppe AG
Zurich, Agence générale Christian Meier SA
DSV AS
Lonza Group AG
Medacta Group SA
Novartis AG
Nestlé S.A.
Hoffmann-La Roche AG
CHE
Francesco Siccardi
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18:16 04.02.2025
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