Business · Markets · 2 hrs ago

Swiss stocks set for a higher start as quarterly results come into focus

Swiss stocks set for a higher start as quarterly results come into focus

Swiss shares were expected to start higher on Monday, with the SMI forecast to rise 0.35% before trading began.

The move could extend the index’s gain of more than 1% on Friday.

Investors are also looking ahead to the start of third-quarter results this week, including figures from Swiss companies Givaudan, Lonza and VAT.

The market mood remains fragile because of escalating conflict in the Middle East.

Houthi forces backed by Iran have intensified attacks on airports in Saudi Arabia, and oil remained near $104 a barrel.

Roche shares were among the stronger stocks before the opening after the company presented new data on its drug vamikibart, while Idorsia rose after new data on its blood pressure medicine.

Investors will be watching company results and geopolitical developments as the week continues.

Sources

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