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Swiss Market Ends Flat After Choppy Ride

RTTNews | hace 704

Swiss Market Ends Flat After Choppy Ride

(RTTNews) - The Switzerland stock market recovered after a weak start Monday morning, but faltered after a brief spell in positive territory. However, with select counters attracting buyers past mid afternoon, regained lost ground and ended the day's session flat.

The benchmark SMI, which climbed to 11,068.53 around mid morning, settled at 11,014.26, down 0.50 points from the previous close.

Logitech and Richemont both ended lower by 2.4%. Sika declined 1.73% and Swisscom shed about 1.25%.

Givaudan ended nearly 1% down, and Zurich Insurance Group lost 0.8%.

Holcim gained 1.45% and Lonza Group climbed 1.36% and Sonova advanced 1.06%. Kuehne & Nagel, ABB, Novartis and Swiss Re posted moderate gains.

Among the stocks in the Mid Price Index, Swatch Group and Dufry lost 3.17% and 3.08%, respectively. Bachem Holding ended 2.14% down.

Meyer Burger Tech, Ems Chemie Holding, Temenos Group, Helvetia, BKW, Galenica Sante and SGS lost ended lower by 1 to 1.4%.

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U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | hace 1h 11min

Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | hace 1h 30min

U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | hace 2h 13min

German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | hace 2h 43min

U.S. PCE Price Index Increased In Line With Estimates In July

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | hace 2h 55min

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | hace 3h 11min

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | hace 3h 49min

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | hace 3h 56min

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