The Swiss stock market is clearly weakened by the developments on Wall Street. The reason for this is mainly the fear of the weakening of the global economy and also the restraint of the Fed (Federal Reserve). Currently, this is a general downward trend on the Swiss stock market..
The SMI was quoted at 6124 points and the broad SPI fell by about 1% to only 5674 points. With excitement, investors expect whether the Fed will make further bond purchases, which may well happen, however, many members only want to take this measure when there will be further economic low blows.
Also with high voltage, many investors are looking at the figures from China and the current economic growth. These will be announced Friday night and should give many investors helpful signals regarding the further strategy. Weak figures are expected, but much more interesting is whether the Bank of China will cut interest rates again in return.
Triggered by concerns about the economy, there were large losses for some companies. Adecco, for example, plunged 3%. Steelmaker Schmolz+Bickenbach suffered particularly rough declines, as its shares fell 7%. Roche and Nestle also went into the red.
The current situation in Spain is also likely to make many investors bitter at the moment. The markets will certainly breathe a sigh of relief when it is known how much the euro zone bailout will be.