2024-01-05 07:46:03
Zurich (awp) – The Swiss stock market should begin Friday’s session with a decline, giving up a good part of the previous day’s gains. During this third session of the year, investors will focus on the unemployment figures in the United States for December, one of the key indicators for taking the pulse of the American economy. The corporate news front, however, still remains sparse.
The main American indices closed mixed on Thursday due in particular to the fall in the Nasdaq, the index mainly composed of technology stocks.
“European indices should open lower this morning awaiting the publication of American employment figures which should give the Fed a crucial indication regarding its next rate cut,” indicates analyst John Plassard of Mirabaud Banque .
“Let us remember that investors are increasingly confused at the start of the year following the publication of several economic statistics that are better than expected,” continues the financial markets specialist.
At the macroeconomic level, the publication of December inflation for the euro zone will also attract the attention of capital holders. The American activity index in ISM services for December may also liven up the session somewhat.
At 8:11 a.m., the SMI lost 0.47% to 11,171.95 points according to pre-market indications from Julius Bär. All 20 star stocks were in the red.
Without any particular indication, the ABB engineering group (-0.7%) posted the largest loss.
The heavyweights of the rating Roche, Novartis and Nestlé (-0.4% each) were unable to stand out.
Partners Group (-0.5%) did not benefit from the increase in its price target by Barclays.
At the broader market level, Barry Callebaut (-2.0%) fell following Kepler Cheuvreux lowered his recommendation to “hold” once morest “buy” previously.
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