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Swiss Market Ends 2023 On A Winning Note

RTTNews | vor 585 Tagen

Swiss Market Ends 2023 On A Winning Note

(RTTNews) - The Swiss stock market on Friday snapped the two-day slide in which it had fallen almost 100 points or 0.9 percent.

The SMI posted its best annual gain since 2021 on hopes that global central banks led by the Federal Reserve could cut interest rates next year.

Regional volumes remained light on the last trading day of the year, with investors securing a bit of window dressing ahead of the New Year holiday.

For the day, the index improved 80.24 points or 0.73 percent to finish at 11,137.79 after trading between 11,085.70 and 11,143.59.

Among the actives, Swiss Life climbed 1.14 percent, while Novartis advanced 0.99 percent, Zurich Insurance gained 0.87 percent, Swisscom added 0,68 percent, UBS Group collected 0.62 percent, Swatch Group rose 0.35 percent and Adecco Group dipped 0.05 percent.

In economic news, Switzerland's leading index rose to an eight-month high in December, the results of a survey by the KOF Swiss Economic Institute showed Friday.

The KOF economic barometer advanced to 97.8 in December from revised 97.2 in November. This was the highest reading since April and also stayed above economists' forecast of 97.0. The increase was primarily attributable to bundles of indicators in the manufacturing sector and indicators for private consumption.

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New Zealand Jobless Rate Climbs To 5.2% In Q2

New Zealand Jobless Rate Climbs To 5.2% In Q2

The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday.

RTTNews | vor 20 Minuten

Taiwan Shares May Head South Again On Wednesday

Taiwan Shares May Head South Again On Wednesday

The Taiwan stock market on Tuesday wrote a finish to the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just above the 23,660-point plateau although it may see renewed consolidation on Wednesday.

RTTNews | vor 23 Minuten

Singapore Stock Market May Spin Its Wheels On Wednesday

Singapore Stock Market May Spin Its Wheels On Wednesday

The Singapore stock market has climbed higher in two straight sessions, gathering more than 50 points or 1.2 percent along the way. The Straits Times Index now sits just beneath the 4,210-point plateau although it may be stuck in neutral on Wednesday.

RTTNews | vor 53 Minuten

Malaysia Bourse May Hand Back Tuesday's Gains

Malaysia Bourse May Hand Back Tuesday's Gains

The Malaysia stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,540-point plateau and it's likely to remain rangebound again on Wednesday.

RTTNews | vor 1Std 23 Minuten

Japan Shares May Turn Lower Again On Wednesday

Japan Shares May Turn Lower Again On Wednesday

The Japan stock market on Tuesday wrote a finish to the two-day slide in which it had tumbled almost 780 points or 1.8 percent. The Nikkei 225 now sits just shy of the 40,550-point plateau although it may head south again on Wednesday.

RTTNews | vor 1Std 38 Minuten

South Korea Shares May Be Stuck In Neutral

South Korea Shares May Be Stuck In Neutral

The South Korea stock market has moved higher in back-to-back sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau although the rally may stall on Wednesday.

RTTNews | vor 1Std 53 Minuten

New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.

RTTNews | vor 2Std 53 Minuten

U.S. Dollar Declines Amid Soft ISM PMI Data

U.S. Dollar Declines Amid Soft ISM PMI Data

The U.S. dollar dropped against its most major counterparts in the New York session on Tuesday amid soft ISM services PMI data for July.

RTTNews | vor 3Std 33 Minuten

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