El SMI mantiene una ligera tendencia positiva ante un inicio mayor, Meta alcanza un máximo histórico

The Swiss Market Index (SMI) was slightly up by 0.4% ahead of the opening bell, driven by positive developments in the US markets. Stock traders continue to focus on interest rate developments and oil prices, while the economic forecast by KOF on Friday adds focus. In US after-hours trading, MGM Resorts’ stock fell by 8.6% after the acquisition offer from Barry Diller was withdrawn. In contrast, the Vaneck Space ETF rose by 4.5%, while the S&P 500 showed little movement and sector prices remained within narrow limits. Asian markets such as the Nikkei 225 rose by 1.2%, while trading volume remained low due to public holidays. Japanese government bond yields reached historic highs since 1996, suggesting rising borrowing costs and inflationary concerns. In Japan, the weakness of the yen was discussed in political talks between US President Trump and Prime Minister Sanae Takaichi, with the dollar losing ground against the yen and other currencies – however, it benefited from expectations of further Fed interest rate hikes on a weekly basis. Oil prices stabilised slightly following geopolitical developments, with Brent Crude declining by 0.7% and WTI by 1.6%. US stock markets remained directionless on Thursday and ended with minimal losses. Meta reached its highest level in over a year, rising by 4.5% to reach $777.59, approaching the record high of $2,025. The company’s value rose by 35% to nearly $2 trillion in September. Analysts praised the launch of the artificial intelligence assistant Muse and partnerships with companies such as Walmart and Shopify. In contrast, Oracle and Dropbox experienced losses of 3.5% and 4.6% respectively, with Oracle facing infrastructural challenges for a new computing centre and Dropbox being recommended for sale by Citigroup. MGM Resorts’ stock fell by 11% after media conglomerate People withdrew its acquisition bid.