Equity

New economic recovery signals for the Swiss industry: in the second quarter, the UBS barometer of small and medium-sized enterprises (SMEs) rose to -0.16 points, compared with -0.18 points in the first three months of the year . For large companies, which compared to the smaller ones have suffered less than the ex-strengthening, it has gone from 0.24 to 0.52 points.

"The industry seems to have started to get back on top," the UBS economists commented in a statement today. In the second quarter barometers they have reached the highest level since October 2014. Regarding SMEs contributed to this improvement especially the increase in orders and backlog slightly higher than the previous month. The forecasts relating to orders for the third quarter were however not very rosy, a fact that probably prevented a more marked elevation of the barometer.

According to market expectations, the European Central Bank left interest rates unchanged at the end of the Monetary Policy Council. The main rate remains stuck at a record low of 0.00%, the rate on bank deposits to -0.40% and the marginal lending facility at 0.25%. The ECB announced after the meeting that was held in Vienna.

The plan of the corporate bond purchases ECB will start on June 8 and June 22 will be the turn of the maxi-Tltro loans to banks.

The Zhukovsky airport, the fourth Moscow International site, opened its doors despite the decline in air traffic caused by the economic downturn and the international sanctions imposed on Russia.

Inaugurated by Prime Minister Dmitry Medvedev, the airport is located in the small town of Ramenskoye, near Moscow; it is the only airport in the Russian capital belongs to foreign investors, and by 2017, it will be quoted on the Stock Exchange, the first airport in the country. The first airport operator is the Air Kyrgyzstan, Kyrgyz airline, whose flights are being transferred to the new airport in the airport Domodedovo. The airport management company, Ramport Aero, said that will have a capacity of 4 million passengers a year.

Nestlé today announced an agreement with the Franco-American company DBV Technologies for the development of a test to diagnose children with allergy to cow’s milk proteins.

DBV, with offices in Montrouge and New York, will receive from Nestlé up to 100 million euro on the arc of the different stages of research and new product registration, specifying the two companies said in a statement today. Allergy against the cow’s milk concerns 2-3% of infants and young children. The process of approval of the new test should be started in 2021.

The G7, which began this morning in Japan, saw emphasized by leaders committed fears about the emerging economies, while Japanese Prime Minister Shinzo Abe has made noise with the statement in which he likened the current situation to the financial crisis triggered by the Lehman bankruptcy in 2008.

"The G7 leaders share the idea that emerging economies are facing a difficult situation even though there are those who say that the current framework can not define ‘crisis’," said the deputy head of the Cabinet Secretariat, Hiroshige Seko , speaking to reporters at the beginning of the two-day G7 in Ise-Shima.

The emergency fuel continues to rise in France, while approaching the meeting with the European Football Championship, which will put the transalpine country in the spotlight for a month.

Thirty per cent of the country’s distributors have remained dry and the protest against the labor market reform continues unabated while for the first time Prime Minister Valls has indicated its openness to change the text.

The German chemical and pharmaceutical giant Bayer has made an offer of 62 billion dollars for the purchase of Monsanto, an American company leader in the production of GM seeds. "Bayer has made an offer to buy all outstanding shares of Monsanto at a price of $ 122 per share or a total value of 62 billion dollars," the German company writes in a statement, a few days after announcing a contact with Monsanto .

Bayer last year had a turnover of over 46 billion euro and employs 117 thousand people. Monsanto last year achieved a turnover of more than $ 15 billion with a net profit of 2.3 billion.

The company Lucerne Schindler elevators and escalators has got a very important job: equip the world’s largest airport, under construction in Turkey, in Istanbul, in operation since 2018.

"We are proud and excited to bring our innovative technology in this partnership with the new airport in Istanbul", he commented the director of the Schindler Group, Thomas Oetterli, in a statement today. They will install 306 elevators, 159 mobile and 183 moving walkways. The amount of the contract was not disclosed.