The weak development of the other European stock exchanges on the previous day, and a sales warning from Apple resulted in reluctance on the Swiss stock exchange, traders said on Thursday. The SMI rose 0.3 percent to 8452 counter. Reason for the price gains in Index heavyweight Nestle.
pressure on equities, however, with a cyclical business model. On Friday – the last day of trading last year – had to submit to the leading index in the Wake of a roller-coaster ride to the end of the year 2.9 percent to 8429 points.
No worry-free look
win The Zurich cantonal Bank, expected for 2019, a difficult year with only a modest price on the stock exchanges. “In addition, the volatility is likely to remain, so as to be seen last.” In the case of reinforced signs of a “hard landing” of the world economy, the mood in the financial markets could flip quickly. “Looking to the year 2019 is anything other than worry-free,” said the experts.
For uncertainty in the stock markets, the iPhone manufacturer Apple. The company had reported in the night to miss in the past quarter, mainly due to a weak business in China, its sales target by several billion dollars. This statement stirred up again, Fears of an economic slowdown in China weighed on the shares of many technology companies: In Switzerland, the shares of the Apple supplier’s AMS fell 19 percent.
Under selling pressure, the share of the recruitment Agency Adecco, which fell five per cent on 43,56 francs. In addition to economic concerns dealer led to a recommendation of Credit Suisse, which put the title to Underperform from Neutral and the new target price is fixed at 40 Swiss francs.
positive mood
On the sales slips, the luxury goods values the Swatch and Richemont, which have slipped back down three and two percent. Also the sanitary equipment manufacturer Geberit and the cement group Lafarge, Holcim were weaker.
Where has stabilized in December, the mood in the Swiss industry for the second month in a row, as the data for the purchasing managers ‘ index (PMI). “The current economic situation is still clearly positive,” said Credit Suisse’s Economists, which publishes the Index, together with the buyers Association.
titles are comparatively little of the business cycle were Asked in turn: With a Plus of 1.8 percent, Nestle led the winners. The shares of the food manufacturer, also benefited from a buy recommendation from UBS. Was also asked the Pharma heavyweight Roche. The title of the competitor to Novartis, less than one percent gave way.
Bank stocks were firm: Credit Suisse rose 1.2 percent, Julius Bär 0.6%, and UBS 0.4 percent. UBS Chairman Axel Weber said in a newspaper interview that a merger with another Bank, it would be for the Swiss Bank too early. (sep/Reuters)
Created: 03.01.2019, 14:31 PM
