Swiss Market Ends On Weak Note

RTTNews | vor 681 Tagen
Swiss Market Ends On Weak Note

(RTTNews) - The Switzerland stock market ended notably lower on Tuesday as worries about inflation and interest rates continued to weigh on sentiment.

The benchmark SMI, which dropped to 10,766.87, ended with a loss of 75.01 points or 0.69% at 10,814.02.

Lonza Group shares plunged more than 16%. The Swiss supplier for pharmaceutical and nutrition companies has warned on a hit to 2024 earnings due to lost revenue from an agreement with Moderna Inc.

Sika tumbed 5.5%. Kuehne & Nagel and Geberit both ended lower by about 2%. Alcon, Partners Group and Sonova lost 1.5%, 1.35% and 1.05%, respectively.

Swiss Re climbed 1.25%. Zurich Insurance Group, UBS Group and Swiss Life Holding posted modest gains.

In the Mid Price index, Meyer Burger Tech, BKW, Georg Fischer, Galenica Sante, Tecan Group and Barry Callebaut lost 1.2 to 2.4%.

Dufry, VAT Group, Helvetia and Temenos Group gained 1.5 to 1.8%.

read more
Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.
RTTNews | vor 1Std 55 Minuten
European Stocks Close Weak

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.
RTTNews | vor 2Std 15 Minuten
U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | vor 5Std 15 Minuten
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | vor 5Std 26 Minuten
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | vor 5Std 49 Minuten
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | vor 5Std 55 Minuten