Stock Markets In the last week of the year, the Swiss Market Index deepened its loss for the year as banks continued lower on low trading volumes. The SMI is set to end 2016 with an annual loss of 6.8% as banking and pharmaceutical giants pulled the index down in a year of turbulent trading. A volatile 2016 started with a brutal equity sell off as investors dumped global stocks on fears of an accelerating economic slowdown in China and the slumping price of oil. The...
Read More »Sentiment appears positive as investors close their books for the year
SMI Ahead of the Christmas break, trading volumes were thin this week amid a lack of new market catalysts. Swiss and European equities were generally unchanged through the week, tracking global stock markets. Overall, sentiment appears to be positive as investors close their books for the year. SMI Index, December 23 - Click to enlarge Economic Data The European banking sector was this week’s main story with...
Read More »December rally continues this week for SMI
SMI 2016’s December rally continued this week as Swiss and European equities outperformed global stocks. The US dollar continued to surge after the Federal Reserve increased interest rates for only the second time in a decade on Wednesday. SMI Index, December 16 - Click to enlarge Economic Data Fed Head Janet Yellen told reporters that inflation expectations have risen ‘considerably’ on the back of Donald Trump’s...
Read More »Uncertainty prevails everywhere, says Draghi, but apparently investors don’t mind
According to European Central Bank President Mario Draghi “uncertainty prevails everywhere” but apparently investors don’t mind. Market participants shrugged off last weekends “no” to constitutional reform in Italy and the subsequent resignation of Prime Minister Matteo Renzi to push European indices to 12 month highs this week. The Swiss Market Index followed European markets higher. The German DAX and France’s CAC...
Read More »Uncertainty prevails everywhere, says Draghi, but apparently investors don’t mind
According to European Central Bank President Mario Draghi “uncertainty prevails everywhere” but apparently investors don’t mind. Market participants shrugged off last weekends “no” to constitutional reform in Italy and the subsequent resignation of Prime Minister Matteo Renzi to push European indices to 12 month highs this week. The Swiss Market Index followed European markets higher. The German DAX and France’s CAC...
Read More »Swiss stock market awaits result of Italian referendum
SMI Investors appear to be staying on the sidelines this week ahead of the weekend’s Italian referendum. Swiss stocks are set to finish the week lower, underperforming global equities as food giant Nestle and pharmaceutical heavyweights Roche and Novartis drag the index down. SMI Index, December 02 - Click to enlarge Economic Data It’s been a volatile trading week across financial markets. Oil prices jumped almost...
Read More »Swiss stock market awaits result of Italian referendum
SMI Investors appear to be staying on the sidelines this week ahead of the weekend’s Italian referendum. Swiss stocks are set to finish the week lower, underperforming global equities as food giant Nestle and pharmaceutical heavyweights Roche and Novartis drag the index down. SMI Index, December 02 - Click to enlarge Economic Data It’s been a volatile trading week across financial markets. Oil prices jumped almost...
Read More »Pharma giants drag SMI stocks down
SMI A weak performance from Swiss pharma giants pulled the Swiss Market Index down again this week after investors dropped stocks in the sector on lackluster earnings reports. The peripheral European stocks and Japan managed to buck the trend this week, global stock markets remain under pressure in the run up to US election. SMI Index, October 29(see more posts on SMI Swiss Market Index, ) - Click to enlarge...
Read More »Swiss Markets Review: SMI underperforms global stocks
SMI The Swiss Market Index is set to finish the week largely unchanged while global stocks gain on positive US third quarter earnings results, favourable central bank statements and a rallying oil price. SMI Index, October 22. - Click to enlarge Economic Data The S&P 500 saw its biggest advance since September on Wednesday after US banking giants Citigroup, JP Morgan, Morgan Stanley and Wells Fargo all posted...
Read More »Swiss stocks drop on volatility spike
SMI The Swiss Market Index is set to finish the week notably weaker along with global equity markets as fears around global monetary policy hit sentiment ahead of key meetings by the Bank of Japan and US Federal Reserve next week. The SMI did manage to outperform its European peers thanks to its heavy weighting towards more defensive pharmaceuticals and consumer staples sectors. Economic Data Global equity markets...
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