SMI reacts clearly positive to US elections
Published: Wednesday, Nov 6th 2024, 11:10
العودة إلى البث المباشر
The feared deadlock in the US presidential election is not looming on Wednesday morning. On the contrary, there is every indication that Republican Donald Trump will return to the White House with a clear majority.
There are indications that the Republicans will also win a majority in both chambers, meaning that Trump could govern without major resistance. The resulting lack of uncertainty is causing visible relief on the markets. In recent days, concerns about an unclear outcome had weighed on sentiment.
"The presumably clear election victory of the Republicans means that the outcome of the election is unlikely to be in doubt," comments Karsten Junius, Chief Economist at Bank J. Safra Sarasin. At the same time, support for the Republicans and the associated hope of tax cuts is likely to lead to rising yields for US bonds and dwindling hopes of massive interest rate cuts, he adds. "Donald Trump's election victory as future and renewed president of the USA is already a foregone conclusion on the financial markets," says trader Andreas Lipkow. "The drop has been sucked and the year-end rally has officially begun."
The Swiss benchmark index SMI rises by 2.1% to 12,115 points by 10.00 am. Share prices on other stock exchanges in Europe, such as Frankfurt, the UK and France, also rose sharply.
In Switzerland, UBS (+4.3%), Julius Baer (+4.2%) and ABB (+4.1%) led the winners by a good margin. With regard to the banks, the market is saying that the prospect of rising interest rates should provide some support.
Meanwhile, Logitech is clearly in the red with a 3.3 percent loss. Kühne+Nagel (-2.2%) also recorded significant losses in early trading.
©كيستون/إسدا
Arabic 
English 
German 
French 
Spanish