SMI comenzó con actualizaciones de objetivos y una caída del franco

The Swiss Market Index (SMI) opened with a slight price increase of 0,5 percent, according to IG Bank. At the same time, Swiss stocks are receiving new price targets and valuations from various analysts. Roche is up 0,25 percent, while the Swiss currency is weakening slightly against the US dollar due to the US rate decision. The franc rate falls to 0,8256 francs per dollar, due to the increased attractiveness of the US dollar, supported by higher yields on US government bonds. The Federal Reserve increased its target interest rate by 0,25 percent, further lowering yields on long-term US Treasury bonds and calming the bond markets, while the dollar gained in value. The Fed also signaled another rate hike for the current year, putting pressure on the sentiment for riskier assets such as stocks. Brent and WTI oil prices fall again slightly, to 105.60 and 102.19 dollars per barrel, after reports of alternative supply routes from Saudi Arabia and a possible de-escalation of the Iran conflict should ease concerns about supply shortages. The gold price, on the other hand, rises by 1 percent to 20,500 dollars per ounce, due to the uncertainties in the commodity market and the US Federal Reserve's rate decision. The US rate hike has also affected Asian markets: the Nikkei 225 is almost unchanged, while the Shanghai Composite drops 0,3 percent. The Dow Jones Industrial lost 1.21 percent, the S&P 500 0.45 percent, while the Nasdaq 100 gained slightly. The stocks of Intel, AMD and Marvell Technology rise, while JB Hunt and Boeing come under pressure. The Swiss midcap stocks like Helvetia Baloise and Swissquote benefit from price gains of over 1.8 percent, while Rieter and Ypsomed suffer from valuation adjustments: Rieter loses 6.8 percent, Ypsomed 1.7 percent. Roche receives a target price of 410 francs from Vontobel, slightly above the current price of 405 francs, while the rating remains at Buy. Rieter is rated Sell by UBS with a target price of 2 francs, while Burkhalter lowers the target price for the ZKB from 151 to 137.70 francs. Schindler receives a target price of 320 francs for its preferred shares from Octavian, slightly above the current price of 310 francs, and the rating is raised from Hold to Buy. Ypsomed is rated Hold by Stifel with a target price of 380 francs, which represents a downward revision. The Swiss stock exchange is set for a friendly start, while the earnings season comes to an end slowly and important economic data such as foreign trade and export of watches for August are expected. In addition, the Council of States is consulting on the Bank Act on UBS, which could affect the stability of the financial system. The first interest rate hike by the Federal Reserve in over three years has influenced markets, with the central bank showing a clear determination to fight inflation. The US economy remains under observation, especially in the field of artificial intelligence, where demand for semiconductors and computing power continues to rise, while companies like Boeing and JB Hunt face new challenges.