What you need to know about today’s trading day
Pre-IPO news on Inficon, Landis+Gyr and Partners Group, the pre-IPO prices and the development of the markets in the USA and Asia.
Published today at 07:43
The sixth monthly decline in US inflation gave stock markets a boost on Thursday. Expectations are growing that the Fed will not raise interest rates as much as in the past few months.
The leading index Dow Jones Industrial climbed to its highest level since mid-December, up 0.64% to 34,190 points. The market breadth S&P 500 increased somewhat more moderately by 0.34% to 3983 points. The tech-heavy one Nasdaq 100 closed 0.50% higher at 11,460 points.
The titles of the entertainment giant advanced in terms of individual values Walt Disney at the top of the Dow by 3.6%. Airline shares American Airlines even increased by almost 10%. The shares of Tesla closed slightly higher after initial losses. In the meantime, the report that the electric car pioneer’s plant in Shanghai is to be closed has weighed on the course.
With the tailwind from the USA, the Asian stock exchanges are mostly in positive territory at the end of the week. The stock market in Hong Kong in particular is stronger after the previous days’ slide.
In Tokyo he loses Nikkei 225 1.3%, the broader one Topix is 0.3% lower. In mainland China, the CSI 300 by 0.8%, the Shanghai Composite trades 0.6% higher. In Hong Kong the Hang Seng an increase of 0.5%. The South Korean Kospi advances 0.9%. In Australia the close ASX 200 and the ASX 300 trading 0.7% higher each.
the Terminkontrakt (Futures) on the S&P 500 is trading 0.2% down on Friday morning, the futures on the Euro Stoxx 50 are only marginally up.
News Pre-Exchange Switzerland
Inficon: According to preliminary, unaudited figures, the supplier to the semiconductor industry Inficon increased its sales by 12.6% to $581 million in the 2022 financial year. Operating profit increased 10.6% to $111 million, a margin of 19%. (Read more here.)
Landis+Gyr: The manufacturer of electricity meters Landis+Gyr has received a major order for 1.4 million electricity meters from the electricity company National Grid in the USA. The meters are used in the state of Massachusetts and are part of a comprehensive infrastructure project. The order is expected to be completed in 2027. Information on the sales volume was not given. (Read more here.)
Wisekey: Cybersecurity company Wisekey grew revenue 15% last year to $25.6 million. The backlog is $36 million. No more supply chain bottlenecks are expected in Europe this year.
Implementation: The Implenia construction group is selling its formwork division to a subsidiary of the German company Peri. The transaction will be completed retrospectively as of January 1 and is intended to strengthen the focus on the core portfolio. No financial details of the transaction are given.
ZKB: At Zürcher Kantonalbank ZKB, Roger Müller is resigning from his position as head of the Risk business unit on March 31, 2024 and is leaving the company. The announcement of his resignation is part of the regular, long-term succession planning, which is managed by the Bank Council. The successor will be informed in due course.
Partners Group: The asset manager Partners Group continued to increase the funds under management in the past year. So-called capital commitments from customers amounted to $22 billion in 2022, up from $25 billion in the previous year. This put new money at the lower end of its own forecast of $22 billion to $26 billion. Assets under management reached 135 billion at the end of the year, after 131 billion at the end of June. (Read more here.)
Julius Baer pre-market prices
Important events of January 13, 2023
Talenthouse: extraordinary AGM (capital increase etc.), Zug
07:00 DEU: Faurecia subsidiary Hella, Q2 figures
12:00 USA: Unitedhealth, Q4 figures
12:15 USA: Blackrock, Q4 numbers
12:45 US: JPMorgan Q4 numbers
12:45 USA: Wells Fargo, Q4 numbers
14:00 US: Citigroup, Q4-Zahlen
overnight CHN: trade balance 12/22
08:00 GBR: BIP 11/22
08:00 GBR: Trade Balance 11/22
08:00 GBR: Industrial Production 11/22
08:45 FRA: Consumer Prices 12/22 (final)
10:00 DEU: GDP 2022 (1st estimate)
10:00 ITA: Industrial production 11/22
11:00 EUR: Trade Balance 11/22
11:00 EUR: Industrial Production 11/22
14:30 USA: Export and import price index 12/22
16:00 USA: University of Michigan, Sentiment Index 12/22
DEU: Ministry of Economic Affairs, monthly report on the economic situation
Outlook – Company
Some companies publish sales figures in the third week of January.
For Monday invites Accelleron after a hundred days on the Swiss stock exchange for a press conference. The ABB spin-off has attracted some interest from investors since its IPO.
Lays on Tuesday Lindt & Sprüngli the sales figures for the 2022 financial year. Recently, among other things, concerns about a weak US market weighed on the securities.
In the middle of the week, the figures for the first quarter will be released Barry Callebaut continue. Also published Richemont Sales figures for the third quarter of the postponed financial year. Particular attention is paid to the Chinese business of the watch and jewelry group. The machine manufacturer Tornos is presenting sales figures for the entire 2022 financial year.
On Thursday we will continue with the 2022 turnover of the sanitary technician He will bearthe building engineer Belimothe online pharmacy To the Rose and the drug dealer Galenica. The higher costs have recently left their mark on the two industrial stocks, with Belimo on the other hand benefiting from the unprecedented boom in heat pumps. The two healthcare companies are doing things differently; Zur Rose is still highly speculative, Galenica is making solid progress and is forecasting sales growth of between 2 and 4%.
Half a dozen companies close the week with sales figures. The automotive supplier Autoneumthe component manufacturers SFS and Huber+Suhner and the building technician tender show figures for the 2022 financial year, BB Biotech for the 2022 portfolio HBM Healthcare third quarter earnings before that Hypi Lenzburg mortgage bank provides information on the results of the 2022 financial year. The last date on the agenda is the media interview of the new CEO of the energy group BKWRobert Itschner: He has now been in office for a hundred days and will be making detailed statements to journalists for the first time.
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