Advertisement
Swiss Market Ends Moderately Lower
(RTTNews) - The Switzerland stock market ended on a weak note on Thursday, in line with the largely negative trend across Europe, as worries about global economic slowdown and some none too encouraging earnings updates from U.S. companies rendered the mood a bit bearish.
The benchmark SMI, which edged up to 10,722.06 in early trades, ended the session at the day's low at 10,643.07, losing 65.12 points or 0.61%.
Richemont and Alcon lost 1.83% and 1.77%, respectively. Givaudan ended lower by 1.41%, while Kuehne & Nagel, Sonova, Sika, Nestle and Geberit lost 0.8 to 1.1%.
UBS Group, Zurich Insurance Group and Roche Holding ended lower by about 0.5%.
Swisscom climbed 0.83%. Partners Group and Lonza Group ended higher by 0.63% and 0.57%, respectively. Swiss Life Holding and ABB posted modest gains.
Among the stocks in the Mid Price Index, Meyer Burger Tech dropped 6%. Baloise Holding, Swatch Group, Helvetia and Clariant drifted down 2 to 2.4%. Adecco, Belimo Holding and Ems Chemie Holding also ended notably lower.
Lindt & Spruengli, VAT Group and Barry Callebaut gained 1.1 to 1.4%.
U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes
European Stocks Close Sharply Lower As Trump's Tariff Move Hurts Sentiment
Canadian Market Remains Firmly Down In Negative Territory On Tariff Worries
U.S. Construction Spending Unexpectedly Sees Further Downside In June
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July
Eurozone Inflation Steady At 2% ECB Target
