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global markets react to trade tensions and rising oil prices
US President Trump has imposed a 25% tariff on steel and aluminum imports, prompting countermeasures from the EU. While the currency market showed little reaction, gold prices surged amid rising fears of financial turmoil. Asian markets remained cautious, with expectations of a trade agreement between the US and China still high.
analysts update recommendations and price targets for major european companies
Analysts have made several notable changes to their recommendations and price targets for various companies. Adecco Group was downgraded by Deutsche Bank, while Ahold Delhaize saw its target raised by KBC Securities. Anheuser-Busch Inbev received an upgrade from ING Bank, and Ferrari's target was increased by Jefferies. Other significant adjustments include downgrades for Porsche and Fevertree Drinks, alongside upgrades for companies like Victrex and Soitec.
Swiss stock market dips as labor data and tech sector woes weigh down indices
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%.
Swiss stock market gains momentum led by UBS and Holcim shares
Swiss equities showed slight gains, with the SMI rising 0.4% to 12,624 points, supported by strong performances from Holcim (+3.7%) and UBS (+3.6%). Optimism among Swiss entrepreneurs and a positive impulse from the Bank of England contributed to the market's mood, despite losses in major pharmaceutical stocks Roche (-1.2%) and Novartis (-0.9%).
Swiss stock market maintains upward trend amid trade war concerns
The Swiss stock market maintained its upward momentum at midday, with the SMI up 0.44% as concerns over the US-China trade conflict lingered. UBS led gains at +1.9%, while Temenos rose 1.4% after selling its fund management unit. However, Leonteq faced an 8.4% drop following regulatory sanctions.
Swiss stock market opens higher amid improving US and European sentiment
The Swiss stock market opened higher on Thursday, continuing its positive trend from the previous day, buoyed by favorable US data and easing trade tensions. The SMI rose 0.19% to 12,604.86 points, with UBS leading gains at +1.6%, while Nestlé and Roche weighed on the indices. The unemployment rate in Switzerland surpassed 3% in January, reflecting a 20% increase compared to the previous year.
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.
swiss stock market declines amid escalating trade war tensions
The Swiss stock market is under pressure due to escalating trade tensions following the US tariffs on imports from China, Canada, and Mexico. The Swiss Market Index (SMI) fell 0.61%, with only six of the thirty leading stocks gaining, while UBS saw a significant drop of 5.8% amid profit-taking. Analysts warn of potential broader customs barriers as China retaliates with its own tariffs and a complaint to the WTO.
swiss stock market declines amid rising global trade tensions and tariffs
The Swiss stock market opened lower amid rising global protectionism, influenced by new US tariffs on imports from China, Canada, and Mexico. The Swiss Market Index fell 0.85%, with only four of the thirty leading stocks gaining, including Lonza and Novartis. Analysts note that the escalating trade war is affecting Europe as well, highlighting the complexities of international trade relations.
us tariffs delay boosts markets while oil prices decline amid trade tensions
US President Donald Trump postponed tariffs on imports from Canada and Mexico, leading to a slight recovery in US stock markets, particularly among car manufacturers. Meanwhile, the euro fluctuated against the dollar, and oil prices fell amid concerns over trade wars and OPEC+ production discussions. The Japanese stock market also rose, benefiting from the tariff suspension.
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