Equities
US stocks slip at week open as oil spikes, geopolitics weigh
Dow Jones falls 0.4% as Brent crude tops $91; Aon shares drop on $17bn KKR deal; GameStop warns on Q2 revenue amid store closures.
Swiss stocks fall as oil surge fuels inflation concerns; UBS upgrades Comet, VAT, Inficon
SMI drops 0.1% as Brent crude tops $95 a barrel after U.S.-Iran tensions escalate; UBS lifts targets on Swiss tech names. Nestlé to sell vitamins unit for $1 billion.
Swiss stocks slip as oil surges, geopolitical risks weigh on markets
The SMI fell 0.1% to 14,323 as Brent crude topped $95 a barrel amid U.S.-Iran tensions. Tech shares led gainers, while Amrize and Partners Group lagged.
Nvidia’s strong results lift Swiss chip suppliers modestly amid mixed market signals
Comet, Inficon and VAT Group gain 1.4%-2.1% after Nvidia’s Q2 revenue surge, but broader semiconductor volatility remains subdued. Analysts cite solid fundamentals for VAT as Citigroup sets a 850-franc target.
Nvidia lifts premarket U.S. stocks; Salesforce surges on outlook; SMI falls
U.S. futures rise as Nvidia’s results fuel AI optimism; Salesforce jumps 10% on raised revenue guidance. Swiss SMI declines 0.9% as heavyweights Nestlé, Novartis and Roche weigh.
US tech shares rise on Nvidia rally; Swiss SMI falls on heavyweights
Nasdaq 100 gains 1% as Nvidia soars 7.3% on AI demand; S&P 500 up 0.46%; HP drops 6% on weak outlook; Swiss SMI down 1.2% as heavyweights weigh.
Novartis shares hit record high on multiple sclerosis drug data
Swiss pharma giant rallies 6.3% after positive late-stage trial results for oral multiple sclerosis drug Remibrutinib, outpacing broader market slump. Analysts flag upside potential but warn of near-term consolidation risks.
Investis reports 6.8% rise in H1 rental income, LTV falls to 27.3%
Swiss real estate firm posts CHF 41.5 million in rental income for the half-year, while loan-to-value ratio declines to 27.3%. Portfolio value reaches CHF 2.3 billion.
European stocks fall despite Nvidia gains as Jackson Hole looms
Euro Stoxx 50, FTSE 100 and SMI decline after Nvidia's strong outlook fails to lift broader European equities. Tech sector buoys gains while defensive stocks weigh on Swiss index.
German DAX falls 1.1% as oil prices rise, inflation fears weigh
September opens with losses for Europe's benchmark index as geopolitical tensions lift oil prices and investors reassess rate expectations. Euro Stoxx 50 also declines.
Swiss pharma midcaps Basilea, Siegfried draw value investor interest
Basilea and Siegfried offer discounted valuations, earnings upgrades and growth prospects as Swiss pharma sector outperformers. Analysts set 38% and 55% upside targets respectively.
Euro Stoxx 50 falls 0.8% as oil prices rise amid Iran tensions
Eurozone benchmark index extends losses to August lows as geopolitical risks and energy prices drive inflation concerns ahead of ECB meeting. Swiss SMI rises 0.34%, FTSE 100 dips 0.32%.
Feintool swings to profit in H1 2026 on strong demand
Swiss automotive supplier posts 5.6% revenue growth to CHF 353.3m, EBITDA up 47% to CHF 34.1m as regional demand diverges.
European stocks rise on Fed hawkish signals ahead of U.S. rate decision
Euro Stoxx 50 gains 0.95% as investors price in potential September Fed hike; FTSE 100 and SMI also advance. Warsh signals readiness for tighter policy amid persistent inflation concerns.
VW’s Blume pushes cost cuts as Niedersachsen seeks compromise
Volkswagen’s CEO urges sweeping savings ahead of a pivotal supervisory board meeting on Sept. 4, while Germany’s Lower Saxony seeks consensus amid competing restructuring plans.
Investis reports 6.8% rental income rise in H1 2026 despite stock dip
Swiss real estate firm posts CHF 41.5 million rental income growth in first half, while shares slip 1.35% as market conditions tighten. Portfolio value nears CHF 2.3 billion.
Stadler Rail posts 40% revenue gain, EBIT more than doubles in H1 2026
Swiss train maker’s sales surge to 2.0 billion francs as production recovers from 2024 storms; EBIT reaches 79.5 million francs, beating expectations. Order backlog hits record 33.3 billion francs.
Swiss equities rise as all SMI stocks gain; gold dips ahead of U.S. inflation data
The Swiss Market Index advances in early trade, led by Amrize, Kühne+Nagel and Logitech. Gold slips 0.3% to $4,642.74 per ounce as investors await the July PCE data and a speech by Fed’s Warsh.
Lindt & Sprüngli shares extend losses as key support looms
Premium chocolate maker’s stock falls 1.6% to 92,600 CHF, nearing a 52-week low of 91,900 CHF and risking a slide below 90,000 CHF. Reputational risks from U.S. lawsuit add pressure amid weak volume and pricing strategy concerns.
Raiffeisen posts 18.9% rise in H1 2026 profit, plans job cuts
Swiss lender reports CHF659.3 million net income, up 18.9% year-on-year, as trading and wealth management drive growth. Efficiency measures to include up to 180 job reductions by 2027.
Swiss stocks rise ahead of U.S. inflation data; Nvidia, Stadler Rail in focus
Swiss Market Index gains 0.14% as gold dips ahead of July PCE data; Nvidia shares rise before earnings, while oil falls on Iran talks. European futures mixed.
Gurit doubles profit, raises 2026 outlook after strong H1 performance
Swiss specialty plastics maker Gurit posts 80% EBIT surge to CHF 16.9m in H1 2026, beats consensus and lifts annual targets. All three divisions grow, with Manufacturing Solutions up 57%.
Lindt & Sprüngli shares slip toward 90,000 CHF as pressure mounts
Premium chocolate maker’s stock falls 1.6% to 92,600 CHF, nearing a 52-week low of 91,900 CHF. Legal risks and volume declines weigh on sentiment.
Swiss equities rise on U.S. cues; Nvidia, oil and Iran tensions in focus
The SMI extended gains as Asian markets climbed on Iran de-escalation hopes and Brent crude fell 2.5% to $86.35. Nvidia’s pre-earnings drift and Swiss earnings updates from Stadler Rail, Gurit and SoftwareOne underpinned sentiment.