Swiss Stocks Begin Week in Green; DocMorris Shares Jump
The Swiss Market Index concluded Monday's trading session 0.22% higher as investors assessed the implications of the US-Iran conflict, which further intensified over the weekend. "The deteriorating situation in the Gulf and the rise in energy prices are supporting the dollar against the low-yielders, including the euro. Worryingly for Europe, natural gas prices are creeping higher again at a time of low inventories," analysts at ING said. "In the absence of direction from the [US Federal Reserve], higher energy prices will keep tightening fears alive and the dollar in demand." Switzerland's economic news calendar was empty for the day, while Tuesday will see the release of the producer and import prices report for June. Market watchers are also awaiting the publication of the June US inflation figures and the UK's May gross domestic product, among other data releases across key economies. On the corporate front, ABB (ABBN.SW) signed a multimillion, multiyear deal with India-based technology company Tata Consultancy Services, or TCS, expanding their collaboration. TCS will help the Switzerland-listed electrification and automation company improve user experience and.
The Swiss Market Index concluded Monday's trading session 0.22% higher as investors assessed the implications of the US-Iran conflict, which further intensified over the weekend. "The deteriorating situation in the Gulf and the rise in energy prices are supporting the dollar against the low-yielders, including the euro.
Worryingly for Europe, natural gas prices are creeping higher again at a time of low inventories," analysts at ING said. "In the absence of direction from the [US Federal Reserve], higher energy prices will keep tightening fears alive and the dollar in demand." Switzerland's economic news calendar was empty for the day, while Tuesday will see the release of the producer and import prices report for June.
Market watchers are also awaiting the publication of the June US inflation figures and the UK's May gross domestic product, among other data releases across key economies.
On the corporate front, ABB (ABBN.SW) signed a multimillion, multiyear deal with India-based technology company Tata Consultancy Services, or TCS, expanding their collaboration.
TCS will help the Switzerland-listed electrification and automation company improve user experience and.