Business · Markets · 10 hrs ago

Swiss stocks open higher as investors look to third-quarter results

Swiss stocks open higher as investors look to third-quarter results

Swiss stocks started the week higher on Monday, with the SMI up 0.54% at 9:15 a.m.

The broader Swiss market also rose, as positive signals from the United States and some easing in bond markets supported shares.

Investors are now looking ahead to the start of the third-quarter earnings season in the coming days.

Swiss companies including Givaudan, Lonza and VAT are among those expected to draw attention, while major US banks traditionally report early in the season.

The market’s mood remains fragile because of renewed tension in the Middle East, including intensified Houthi attacks on Saudi airports.

Brent crude was trading above $104 a barrel after briefly falling below $103 overnight.

The article gives no further market outlook beyond the approaching earnings announcements and continuing geopolitical uncertainty.

Sources

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