One reason for the better mood is the positive specifications from Asia, where the most important indices rose between 2 and 9 percent. And the pre-IPO signals for US trade also indicate similar advances.
Traders explain the emerging profits primarily with a countermovement to the previous day. In addition, analysts believe that the measures taken by the US Federal Reserve from the start of the week with some distance are now being positively appreciated. Support also comes from the rising oil price.
The latest reports from China are also gratifying – even if they are more symbolic in nature. In the central Chinese province of Hubei, where the outbreak of the coronavirus had started, the first restrictions such as travel bans are to be lifted shortly.
At around 9.40 a.m., the SMI is trading at 3.54 points higher at 8,445 points. The trend is comparable on the stock exchanges in Frankfurt and Paris.
The field of winners in the Swiss blue chips from Julius Baer is leading, which is more than 10 percent more expensive. And the papers of the big banks UBS and CS are also wanted, as the profits of around 7 percent show.
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