Equities

Gurit posts 82% profit jump in H1 2026 as restructuring pays off
Swiss composites maker Gurit Holding AG more than doubled its adjusted operating profit margin to 11% as strategic realignment and cost cuts delivered results. Shares rose nearly 20% on the news.

Siemens Energy to spin off Transformation of Industry unit amid focus shift
Energy group to separate industrial division valued at over €10 billion, with analysts citing improved investment focus and simplification of group strategy.

Rothschild & Co targets CHF 200 bln wealth AUM in Switzerland by 2027-29
Swiss unit posts record first-half net new money inflows as marquee brand and local acquisitions drive growth, despite headwinds from strong franc and weak rates.

Tesla halts sales of solar roofs after decade, shifts to panels
Premium solar roof tiles discontinued as Tesla redirects focus to traditional panels and scales up cell production in Texas. The move follows years of limited installations despite early ambitions.

Leonteq shares rise as Frey seeks $100M buyback plan
Swiss derivatives firm Leonteq’s largest shareholder proposes a CHF 100 million buyback program, while the board nominates Andreas Casutt as new chairman for a 2026 vote.

Swiss equities edge higher as franc weakens; new price targets set
SMI futures rise 0.16% ahead of session; analyst revisions span Allreal, DKSH, Emmi and Sika. Swiss franc extends losses against dollar and euro as oil holds above $93.

PDI Gold completes name change, share consolidation effective Sept 9
Predictive Discovery rebrands to PDI Gold after ASIC approval; five-to-one share consolidation set to take effect next month across ASX and TSX.

Lower oil prices, fiscal support seen extending European stock rally
European equities have gained 8% in three months as fiscal easing and resilient earnings offset macro headwinds. Citi projects 8% upside by mid-2027 despite a neutral regional stance.

Europe’s equity rally may persist on cheaper oil, fiscal boost
Euro Stoxx 50 gains of 8% in three months and Citi’s 8% upside target to mid-2027 support the case for further gains. Fiscal easing and lower oil prices are cited as key tailwinds.

FTSE 100 edges higher as oil falls, Iran tensions ease tech-led losses
UK benchmark reverses early declines after Brent crude drops over 1% and geopolitical jitters fade. Gainers led by energy and consumer staples as global equities drift lower.

US stocks mixed as oil dips, SMI extends losses; ABB falls, Richemont rises
U.S. benchmarks diverge with Dow up 0.1%, S&P 500 down 0.3% and Nasdaq 100 down 0.6% as Brent crude drops 1.1% to $93.10. Swiss SMI falls 0.47% with ABB leading decliners and Richemont among top gainers.

TX Group posts 5.7% revenue decline but 74.3% EBIT surge in H1 2026
Swiss media group TX Group reported a 5.7% drop in first-half revenue to CHF402.4 million while adjusted EBIT surged 74.3% to CHF67.1 million, driven by digital platforms and cost cuts. A CHF46.4 million goodwill impairment at Goldbach weighed on reported earnings.

German stocks slip as DAX falls 0.07% on sector losses
Technology, construction and industrials weighed on Frankfurt’s benchmark index, while gold futures climbed 0.74% to $4,715.14 per ounce.

US stocks slip at week’s open; Intel, AMD drag tech; SMI near lows
Dow, S&P 500 and Nasdaq 100 fall 0.1%, 0.3% and 0.6% respectively as chipmakers lag. Brent crude dips 1% to $93.22/bbl amid Iran sanctions outlook.

Swiss stocks end flat as ABB, pharma weigh; UBS, Vetropack rise
The SMI slipped 0.07% to 14,447 as investors took profits on ABB and sold off Roche and Novartis. UBS gained 1.7% and Vetropack surged 4.4% on company-specific news.

Swiss stocks rise as US futures gain; ABB, Logitech lead gains
Swiss Market Index climbs 0.21% as European peers advance; Amrize drops after CFO exit, Orior slumps on guidance cut. Oil, gold and crypto prices mixed.

Citi warns U.S. stock positioning is shifting toward neutral as bearish flows rise
U.S. investor sentiment has reversed from accumulation to long liquidation and new shorts, with the Nasdaq and S&P 500 drifting toward neutral levels. Europe remains moderately bullish but shows early signs of short activity.

EPIC Suisse posts 32% profit jump in H1 2026 on rental growth
Swiss real estate firm lifts full-year rental income guidance to 1.5% as net profit rises to CHF 39.8 million. Portfolio value declines 1.1% to CHF 1.67 billion.

EPIC Suisse posts 32% profit rise in H1 2026 on disposal gains, lifts guidance
Swiss real estate firm EPIC Suisse reported a 32.4% jump in net profit to CHF 39.8 million, driven by a CHF 9.4 million gain from the disposal of the Vennes III property. Full-year rental income growth guidance was raised to 1.5% from 1.0%.

Asian stocks drift ahead of Nvidia earnings amid AI rally uncertainty
Nvidia’s upcoming results loom large as markets weigh AI-driven gains against Alibaba’s $10.2 billion share sale and geopolitical risks. German and UK bond auctions, along with U.S. consumer confidence data, also in focus.

Swiss stocks rise ahead of Nvidia earnings; Swiss franc weakens
Swiss Market Index up 0.16% premarket as Dow Jones gains 0.26%. Nvidia and Tesla shares fall ahead of chip giant's quarterly results. Brent crude holds above $93 per barrel amid regional tensions.

Morgan Stanley flags five European software stocks for second-half gains
Bank upgrades IONOS, SAP, Informa, Sage and Amadeus to overweight, citing AI adoption, stable growth and valuation appeal amid sector rebound.

Malibu Life insiders buy shares in open offer and private placement
Insider purchases totaling $2.26 million completed on Aug. 21, with largest transaction by Gatemore Special Opportunities Master Fund. Disclosures comply with UK Market Abuse Regulation.

DAX holds above 26,000 as global events loom over markets
German blue-chip index slips 0.11% but remains above key support level ahead of U.S. tariff announcements, Nvidia earnings and Fed remarks. Chipmakers and energy shares diverge amid AI sector volatility.

