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Tag Archives: SMI

Swiss market lower this week as US stocks reach new record highs

SMI The Swiss Market Index is set to close lower this week underperforming global equities as US stocks reached new record highs and emerging markets outperformed on a weaker dollar. Click to enlarge. Oil also made further gains this week as investors bet that talks between OPEC members and other producers may result in action to stabilise the market in the coming weeks. Click to enlarge. Japan The week began with...

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Swiss market lower this week as US stocks reach new record highs

Investec Switzerland. The Swiss Market Index is set to close lower this week underperforming global equities as US stocks reached new record highs and emerging markets outperformed on a weaker dollar. © Aleksandar Milosevic | Dreamstime.com The week began with some gloomy economic data after reports showed on Monday that Japan’s second quarter GDP growth slowed more than forecast to 0.2%, reflecting a drag on exports from a stronger JPY and a drop in business investment....

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Credit Suisse dropped from index as european markets feel pressure after bank stress tests

Investec Switzerland. SMI The Swiss Market Index is set to close slightly higher this week, outperforming global equities thanks to defensive heavyweights such as Nestlé and Novartis. Click to enlarge. Pessimism hit European shares at the beginning of the week as sliding oil prices and bank stress test results helped revive concerns over the strength of the recovery and stability of the financial...

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Swiss stock market rally loses momentum

SMI The Swiss Market Index and global stock markets failed to extend last week’s rally after the Federal Reserve and Bank of Japan left rates unchanged and gave mixed messages about the global economic outlook. Japanese Economic Stimulus Japanese shares received a short-term boost after Prime Minister Shinzo Abe’s announced plans of a 28 trillion yen ($265 billion) economic stimulus drive, including a 13 trillion...

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Swiss stock market rally loses momentum

Investec Switzerland. The Swiss Market Index and global stock markets failed to extend last week’s rally after the Federal Reserve and Bank of Japan left rates unchanged and gave mixed messages about the global economic outlook. © Josefkubes | Dreamstime.com Japanese shares received a short-term boost after Prime Minister Shinzo Abe’s announced plans of a 28 trillion yen ($265 billion) economic stimulus drive, including a 13 trillion yen fiscal spending package for...

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Swiss stocks higher on stimulus bet

Investec Switzerland. The Swiss Market Index (SMI) is set to finish this week higher tracking equity market gains around the world as investors begin to anticipate a new wave of economic stimulus from central banks. © Michael Flippo | Dreamstime.com Global equity markets rebounded from their post-Brexit losses as expectations of further stimulus gathered pace. Investors now expect the Federal Reserve to be slower in hiking rates and are also anticipating economic boosts...

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Swiss stocks higher on stimulus bet

SMI last Week The Swiss Market Index (SMI) is set to finish this week higher tracking equity market gains around the world as investors begin to anticipate a new wave of economic stimulus from central banks. Bonds Swiss Bond yields remained under zero, even until the duration of 30 years. Swiss Company News In Switzerland, economic news was light. Data showed that producer and import prices continued to decline...

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Post-Brexit relief rally fading – Swiss quality stocks as safe haven

Investec Switzerland. The SMI is set to post moderate losses this week as the post-Brexit relief rally faded and commodities slipped. Swiss stocks outperformed key European markets as investor’s fled to quality stocks such as Nestlé, Novartis and Roche. © Maciek905 | Dreamstime.com After Swiss companies trailed their peers from Germany, France and Italy for most of the past year, the Swiss Market Index is finally moving upwards. The rally began on June 28 and saw the SMI...

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SMI up on Brexit bargain hunting

Brexit Volatility remained high with markets rebounding from last week’s heavy losses as tensions began to ease following the UK referendum. Bargain hunters took advantage of badly beaten up sectors on bets that central banks would ride to the rescue of investors by providing additional stimulus to avert disaster. Mark Carney, governor of the Bank of England, reassured markets that a rate cut could come as early as...

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