Swiss Market Ends On Firm Notefxcue.com

(fxcue news) - The Switzerland market drifted down into the red after a flat start on Thursday, but began edging higher past noon, and despite a mild setback around mid afternoon, closed higher thanks to a few frontline stocks finding good support in the final hour. The benchmark SMI closed up 51.95 points or 0.45% at 11,591.59 after scaling a low of 11,495.82 and a high of 11,605.49 intraday. Julius Baer rallied 4.71% after reporting a 12% jump in assets under management to 480 billion francs in the first 10 months of 2024. Total client assets reached 570 billion Swiss francs. The company said the increase in AuM was driven by strong stock markets as well as solid net inflows of 11 billion francs. The Group's CET1 capital ratio improved to 16.7%. In the first ten months of 2024, the gross margin decreased to 83 basis points. In the first ten months of 2024, the number of relationship managers grew by 46 full-time equivalents to 1,389. The Group currently expects that IFRS net profit for 2024 will significantly exceed the one achieved in fiscal 2023. Zurich Insurance Group and Logitech International gained 3.13% and 2.57%, respectively. Givaudan climbed nearly 1.5%. VAT Group and ABB gained 1.2% and 1.08%, respectively. Swiss Re, Lonza Group, Roche Holdings, Partners Group, Alcon, Novartis and Swiss Life Holding closed higher by 0.5 to 1%. SIG Group closed down 3.6%. Adecco, Lindt Spruengli, Swatch Group and Straumann Holding lost 1.3 to 1.7%. SGS, Richemont, Nestle, Sandoz Group and Swisscom also closed weak.

Swiss Market Ends On Firm Note

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12/27 Gold Day Short term Strategy Reference:1. First fall back, first see around 2623. Short buy again, lose 2615, target at 2643-2655-2673! 2. Rush high for the first time. Short sell at any time around 2655-58, with a loss of 2660. Target at 2643-2633-2623!

Buy long for spot gold at 2628 or 24, and sell short when it first rises close to 2644 or 2654. Last night, buy long around 2621 and sell short around 2639. Crude oil prices have increased from over 70 to 70.7, but short selling around 71 has not been achieved.

Buy near gold 2622, protect 2612, target 2634-2642;

Today's spot gold is in the short-term range of 2640-2620; Low absorption and high selling within the range; If it stabilizes at 2640-2645, it is necessary to buy long in the short term with a bullish trend; 2640-2645 is the position of the strong weak boundary point;

Today's spot gold operation is considering a pullback layout, with buying long orders as the main strategy and short selling high as a supplement. The upper focus is on the resistance of $2640-2657, and the lower focus is on the support of $2622-2613.

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

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Swiss Market Ends On Firm Note

Euro Declines Amid Ukraine-Russia Tensions

U.S. Leading Economic Index Falls Slightly More Than Expected In October

NVIDIA Fails To Lift Asian Markets

Eurozone Consumer Confidence Sinks To Lowest In 5 Months

European Markets Close Higher As Stocks Rise On Late Buying

Canadian Market Down In Negative Territory

Swiss Market Ends On Firm Note

Europe New Car Sales Recover In October

Please sign in

Trader

12/27 Gold Day Short term Strategy Reference:1. First fall back, first see around 2623. Short buy again, lose 2615, target at 2643-2655-2673! 2. Rush high for the first time. Short sell at any time around 2655-58, with a loss of 2660. Target at 2643-2633-2623!

Buy long for spot gold at 2628 or 24, and sell short when it first rises close to 2644 or 2654. Last night, buy long around 2621 and sell short around 2639. Crude oil prices have increased from over 70 to 70.7, but short selling around 71 has not been achieved.

Buy near gold 2622, protect 2612, target 2634-2642;

Today's spot gold is in the short-term range of 2640-2620; Low absorption and high selling within the range; If it stabilizes at 2640-2645, it is necessary to buy long in the short term with a bullish trend; 2640-2645 is the position of the strong weak boundary point;

Today's spot gold operation is considering a pullback layout, with buying long orders as the main strategy and short selling high as a supplement. The upper focus is on the resistance of $2640-2657, and the lower focus is on the support of $2622-2613.

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

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