Swiss Market Ends Lower On Weak Data

RTTNews | vor 940 Tagen
Swiss Market Ends Lower On Weak Data

(RTTNews) - The Switzerland stock market ended on a weak note on Tuesday, hurt by disappointing consumer confidence data.

Survey results from the State Secretariat for Economic Affairs, or SECO, showed Swiss consumer confidence weakened to the lowest level since the survey began in 1972.

The report said the consumer confidence index fell more-than-expected to -46.6 in the fourth quarter from -41.7 in the preceding period. Economists had expected the reading to come in at -43.0.

The benchmark SMI, which fell into negative territory around mid afternoon after staying positive till then, ended the session with a loss of 44.28 points or 0.41% at 10,783.65. The index, which climbed to 10,926.54 in early trades, dropped to a low of 10,755.33 later in the day.

Lonza Group shares dropped more than 5%. Givaudan ended 1.6% down, while Geberit, Swisscom, Sika and Roche Holding lost 0.9 to 1.1%.

Sonova, Nestle and Zurich Insurance Group also closed weak.

Credit Suisse climbed about 1.7% after the Swiss lender confirmed an extraordinary general meeting will take place on November 23 to approve a proposed capital increase.

Richemont rallied nearly 3.25%. UBS Group, Logitech, ABB and Swiss Re gained 0.4 to 0.6%.

In the Mid Price Index, Bachem Holding ended lower by nearly 4%. Tecan Group drifted down nearly 3%. Ems Chemie Holding, Barry Callebaut, Clariant and Temenos Group lost 1.6 to 2%.

Zur Rose surged 3.77%, Swatch Group advanced 3.15%, and AMS gained about 2.5%.

read more
Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Corp. is recalling around 256,185 pounds of canned beef stew product that may be contaminated with foreign material, specifically wood, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The Tucker, Georgia-based branded food major's recall involves 20-oz. metal cans containing "Dinty Moore BEEF STEW" with "BEST BY FEB 2028".
RTTNews | vor 11 Minuten
UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK automotive manufacturing registered its weakest start to a year since 2009, the Society of Motor Manufacturers & Traders, or SMMT, said Thursday. Car and commercial vehicle production decreased 15.8 percent on a yearly basis to 59,203 units in April. Auto production fell to the lowest level for the month since 1952, excluding 2020 when the first Covid lockdown effectively saw manufacturing c
RTTNews | vor 38 Minuten
Bay Street Looks Set To Start On Firm Note

Bay Street Looks Set To Start On Firm Note

Canadian shares look headed for a firm start on Thursday, with encouraging earnings by Royal Bank of Canada and Canadian Imperial Bank of Commerce, and a U.S. court ruling against U.S. President Donald Trump's sweeping tariff moves set to lift sentiment.
RTTNews | vor 53 Minuten
U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday.
RTTNews | vor 1Std 12 Minuten
CAC 40 Moderately Higher Amid Easing Trade Tensions

CAC 40 Moderately Higher Amid Easing Trade Tensions

Amid easing trade war concerns following a U.S. court ruling against the sweeping tariffs announced by President Donald Trump, French stocks are moving higher on Thursday, recovering well after previous session's weakness.
RTTNews | vor 3Std 2 Minuten
DAX Modestly Higher As Trade Tensions Ease After U.S. Court Ruling

DAX Modestly Higher As Trade Tensions Ease After U.S. Court Ruling

German stocks are up in positive territory on Thursday amid easing trade tensions following a U.S. Federal Court ruling that President Donald Trump had overstepped his authority by imposing across-the-board duties on imports from U.S. trade partners.
RTTNews | vor 3Std 21 Minuten