Stocks from Tokyo to London are edging slightly higher today, alongside U.S. Futures. Market sentiment has improved on general optimism towards the upcoming U.S. – China meeting, during which the two superpowers are expected to calm things down by placing on hold any further tariffs hikes. Saturday’s sit-down between the two blocs is a key event for markets after talks broke down last month. Seeing Washington and Beijing get back to the negotiating table attempt to solve the commercial dispute and witnessing them adopt a nicer tone towards each other would already be a step forward. However, some warn that investors should not expect much from the meeting or risk getting disappointed.
Photo by Buyi Huang.
Stocks are on the rise everywhere in Europe today after the Stoxx-50 index registered a 12-points bullish gap at the opening. The market is now trading towards 3,435.0pts with a strong intraday support above 3,427.0pts while prices are being driven up by Health Care and Financials.
The situation is slightly less optimistic in Geneva where the SMI-20 has already filled its bullish opening gap as prices now trades around 9,840.0pts now. However, bulls seem to still be preventing the market from going below the 9,815.0pts / 9,800.0pts zone. Top Swiss equity movers this morning are Swatch Group AG and Geberit AG while the worst performances are being registered by SGS SA and Givaudan SA.