Swiss Market Ends Slightly Lower After Choppy Ride

RTTNews | vor 983 Tagen
Swiss Market Ends Slightly Lower After Choppy Ride

(RTTNews) - The Switzerland stock market ended slightly down after a choppy ride on Tuesday with investors largely refraining from making significant moves.

The benchmark SMI, which climbed to 11,104.84 around mid morning after a weak start, slipped into the red soon, and struggled to move higher till around late afternoon. It eventually ended the session at 11,04.30, recording a loss of 10.74 points or 0.1%.

Credit Suisse shed nearly 2.5%. Lonza Group ended 1.44% down, while Swisscom, Sika, Roche Holding and Partners Group ended lower by 0.7 to 1.2%. UBS Group, Richemont and Givaudan posted modest losses.

Alcon climbed 1.2%. Novartis ended 0.71% up, while ABB, Zurich Insurance Group, Holcim and Geberit gained 0.3 to 0.5%.

In the Mid Price Index, AMS ended lower by 2.5%. Zur Rose, VAT Group, SGS and Swatch Group shed 0.6 to 0.8%.

SIG Combibloc, Julius Baer and Kuehne & Nagel gained 1.3 to 1.8%. Schindler Holding, Lindt & Spruengli, Helvetia, Baloise Holding and Barry Callebaut also closed on firm note.

read more
U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July strengthened expectations of a Fed rate cut in September.
RTTNews | vor 2Std 26 Minuten
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | vor 8Std 31 Minuten
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | vor 8Std 34 Minuten
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | vor 8Std 37 Minuten
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | vor 9Std 23 Minuten