Swiss Market Ends On Weak Note

RTTNews | Před 592 dny
Swiss Market Ends On Weak Note

(RTTNews) - The Switzerland stock market ended on a weak note on Friday, tracking weakness in other markets in Europe, as worries about inflation and interest rates weighed on sentiment.

The benchmark SMI ended with a loss of 79.47 points or 0.72% at 10,900.30.

Lonza Group and UBS Group shed 2.48% and 2.4%, respectively. Richemont, Geberit, Novartis, Partners Group and ABB declined 1.4 to 1.7%.

Sonova ended 1.18% down. Logitech, Swiss Life Holding, Givaudan and Holcim also ended weak.

Roche Holding gained nearly 1%. Swiss Re ended higher by about 0.7%.

In the Mid Price Index, Tecan Group ended 5.67% down, and Belimo Holding declined nearly 5%.

Temenos Group, Meyer Burger Tech, AMS, Addeco, Swatch Group, SIG Combibloc, Georg Fischer, VAT Group and Straumann Holding lost 2 to 3.6%.

Data from Swiss Federal Statistical Office showed Switzerland's producer and import prices fell 0.1% from a month earlier in September 2023, following a 0.2% decrease in August. It also marked the third consecutive month of deflation, due mainly to lower costs of crude oil and natural gas.

Switzerland's producer and import prices shrank 1% year-on-year in September 2023, down from August's 0.8% drop.

read more
U.S. Dollar Strengthens On Trump's Tariff Delay

U.S. Dollar Strengthens On Trump's Tariff Delay

The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.
RTTNews | Před 35 minutami
European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
RTTNews | Před 2 h 3 min
U.S. Consumer Confidence Rebounds Much More Than Expected In May

U.S. Consumer Confidence Rebounds Much More Than Expected In May

A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.
RTTNews | Před 4 h 44 min
U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders tumbled by 6.3 percent in April after surging by a downwardly revised 7.6 percent in March.
RTTNews | Před 4 h 54 min
Bay Street Seen Opening Higher Again

Bay Street Seen Opening Higher Again

Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
RTTNews | Před 6 h 22 min
U.S. Durable Goods Orders Pull Back Sharply In April

U.S. Durable Goods Orders Pull Back Sharply In April

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April.
RTTNews | Před 6 h 22 min
Eurozone Economic Sentiment Rises More Than Forecast

Eurozone Economic Sentiment Rises More Than Forecast

Eurozone economic confidence strengthened more than expected in May as manufacturers, consumers and retailers showed signs of recovery, survey data from the European Commission revealed on Tuesday. The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0. The rise in the ESI was primarily driven by the improvements in the industry, retail trad
RTTNews | Před 6 h 40 min