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Swiss Markets Ends On Firm Note

RTTNews | vor 1050 Tagen

Swiss Markets Ends On Firm Note

(RTTNews) - The Switzerland stock market ended on a firm note on Tuesday, tracking positive global cues after the UK government's U-turn on recent fiscal measures helped lift sentiment.

The benchmark SMI ended with a gain of 80.05 points or 0.76% at 10,578.76, after scaling a low of 10,513.97 and a high of 10,645.71 intraday.

Sika surged nearly 3.5%. Holcim surged 2.83%. Geberit, Givaudan, ABB, Partners Group and Lonza Group gained 1.8 to 2.1%.

Credit Suisse climbed about 1.6% on reports that the Swiss banking giant has turned to Middle Eastern sovereign wealth funds for a capital injection.

Richemont and UBS Group both moved up by about 1.5%, and Alcon advanced 1.1%.

Roche holding ended slightly weak after posting a 6% decline in quarterly sales.

Among the stocks in the Swiss Mid Price Index, Bachem Holding rallied nearly 7%. VAT Group, Ems Chemie Holding, Tecan Group and Georg Fischer gained 3.1 to 4%.

SIG Combibloc climbed 2.2%. Belimo Holding, AMS, Schindler Holding, Straumann Holding, Zur Rose, Adecco, Lindt & Spruengli, Kuehne &Nagel and Schindler Ps gained 1.5 to 2%. PSP Swiss Property slid 1.56%.

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Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | vor 3Std 53 Minuten

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | vor 3Std 58 Minuten

European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | vor 4Std 5 Minuten

U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | vor 6Std 6 Minuten

Domino's Launches Two New Delectable Bread Bites Flavors

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Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | vor 6Std 18 Minuten

U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | vor 6Std 20 Minuten

FTSE 100 Slips As Yields Spike, Sterling Plunges

FTSE 100 Slips As Yields Spike, Sterling Plunges

The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | vor 7Std 7 Minuten

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | vor 8Std 16 Minuten

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