Swiss markets fluctuate on earnings data

Published on July 22, 2016

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SMI last Week The Swiss Market Index is set to finish the week slightly higher as investors digest second quarter earnings reports and central bank policy announcements.	The Swiss Market Index is set to finish the week slightly higher as investors digest second quarter earnings reports and central bank policy announcements. - Click to enlarge
Bonds Global financial markets showed resilience this week following the failed coup attempt in Turkey over the weekend. Second quarter earnings proved to be the main drive of sentiment with shares from Europe to the US fluctuating as investors watched earnings releases closely for evidence of stronger economic growth.	The Swiss Market Index is set to finish the week slightly higher as investors digest second quarter earnings reports and central bank policy announcements. - Click to enlarge
Government bond yields rose this week after the European Central Bank kept policy changes on hold despite signaling that fresh stimulus was likely in the coming months if the economic environment continues to deteriorate. The Bank of Japan and US Federal Reserve are due to release policy statements next week.	The Swiss Market Index is set to finish the week slightly higher as investors digest second quarter earnings reports and central bank policy announcements. - Click to enlarge
Switzerland Credit Suisse In Switzerland the Credit Suisse ZEW indicator, which gauges financial analysts’ expectations for the domestic economy for the next six months, fell 13.5 points in July suggesting that financial experts no longer expect a speedy improvement for the Swiss economy. Analyst’s blamed the pro-Brexit vote in the UK for the negative outlook for the entire European region.	The Swiss Market Index is set to finish the week slightly higher as investors digest second quarter earnings reports and central bank policy announcements. - Click to enlarge
Swiss Company News In company news, several Swiss companies published their second quarter earnings this week. Roche and ABB surprised on the positive side, Novartis reported a mixed bag and Swatch, struggling with falling global sales, announced that operating profit declined 54% to 353 million francs.	The Swiss Market Index is set to finish the week slightly higher as investors digest second quarter earnings reports and central bank policy announcements. - Click to enlarge

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Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.

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