Swiss Market Ends Modestly Lower After Choppy Session

RTTNews | 77 dias atrás
Swiss Market Ends Modestly Lower After Choppy Session

(RTTNews) - The Switzerland market closed modestly lower on Friday after a choppy session, as investors largely chose to stay on the sidelines or refrained from significant moves amid rising fears of a global trade war.

A report showing an improvement in Switzerland's leading indicator helped limit market's downside.

The benchmark SMI ended down 26.80 points or 0.21% at 12,840.43. The index, which advanced to 12,910.27 after a sluggish start, dropped to a low of 12,794.20 in late afternoon trade before paring some losses.

Swisscom ended nearly 4% down. ABB closed lower by about 2.7%. SIG Group, VAT Group, Geberit, Logitech International, Swatch Group, Partners Group, Julius Baer and UBS Group ended down 1.3 to 2.1%.

Holcim, Sika and Richemont also ended notably lower.

Sandoz Group climbed nearly 1.5%. Givaudan, Roche, Nestle, Lindt & Spruengli, Sonova and SGS gained 0.4 to 0.9%.

A measure signaling future turning points in the Swiss economy strengthened in March to the highest level in seven months, indicating that the outlook for the economy remains robust, the results of a survey by the KOF Swiss Economic Institute showed.

The economic barometer rose to 103.9 in March from an upwardly revised 102.6 in February.

"It continues to remain above its medium-term average since the beginning of the year," the KOF said.

read more
Canadian Dollar Higher Amid Rising Oil Prices

Canadian Dollar Higher Amid Rising Oil Prices

The Canadian dollar advanced against its most major counterparts in the New York session on Friday amid a spike in oil prices after Israel launched fresh wave of attacks on Iran.
RTTNews | 7h 21min atrás
Swiss Stock Market Heads South On Friday

Swiss Stock Market Heads South On Friday

The Swiss stock market turned lower again on Friday, one day after snapping the two-day slide in which it had given up more than 50 points or 0.4 percent.
RTTNews | 9h 19min atrás
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | 12h 47min atrás
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | 13h 10min atrás
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | 15h 1min atrás
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 15h 16min atrás
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | 15h 57min atrás