Swiss Market Ends Moderately Higher

RTTNews | Před 231 dny
Swiss Market Ends Moderately Higher

(RTTNews) - The Switzerland market closed on a firm note on Wednesday with several stocks turning in a fine performance amid optimism about further monetary easing by central banks. Worries about tariffs lingered as U.S. President Donald Trump reiterated the threat to impose tariffs and taxes on other countries.

The benchmark SMI, which held firm right through the day's session, closed with a gain of 96.73 points or 0.8% at 12,207.89.

ABB climbed 3.72% and Sonova gained 3.11%. Partners Group closed higher by 2.3%, while VAT Group, Alcon and Lonza Group gained 1.8 to 2%.

Swiss Re, Richemont, Roche Holding and Straumann Holding closed higher by 1.3 to 1.5%, while Zurich Insurance Group, Holcim, Swiss Life Holding, Sandoz Group, Julius Baer and Sika gained 0.6 to 1%. Novartis ended modestly higher.

Shares chocolate and cocoa products maker Barry Callebaut tumbled 8% after the company lowered its sales volume guidance for fiscal 2025. The company reported a rise in sales revenue at 3.45 billion francs in the first quarter, up from 2.24 billion francs in the year-ago quarter.

Swisscom ended down 1.65%, Lindt & Spruengli closed lower by 1.26%, and Kuehne + Nagel lost 1.06%.

Geberit, SIG Group, Nestle and Swatch Group also closed notably lower.

At the Davos forum, Swiss National Bank Chairman Martin Schlegel reportedly told Reuters that the central bank still has some room to lower interest rates further, even below 0%, if Switzerland's inflation rate drops too far. Currently, the SNB's policy rate stands at 0.5%.

read more
Japan Bourse May Hand Back Wednesday's Gains

Japan Bourse May Hand Back Wednesday's Gains

The Japanese stock market rebounded on Wednesday, one day after snapping the three-day winning streak in which it had surged more than 1,700 points or 3.9 percent. The Nikkei 225 now sits just beneath the 43,840-point plateau although it may head south again on Thursday.
RTTNews | Před 12 minutami
South Korea Shares Due For Profit Taking

South Korea Shares Due For Profit Taking

The South Korea stock market has moved higher in seven straight sessions, surging more than 170 points or 5.4 percent along the way. Now at a record closing high, the KOSPI rests just above the 3,310-point plateau although investors may lock in gains on Thursday.
RTTNews | Před 27 minutami
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.
RTTNews | Před 5 h 27 min
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.
RTTNews | Před 5 h 57 min
U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.
RTTNews | Před 9 h 10 min
U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
RTTNews | Před 9 h 32 min
U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
RTTNews | Před 10 h 51 min