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Swiss Market Ends On Buoyant Note

RTTNews | hace 1061

Swiss Market Ends On Buoyant Note

(RTTNews) - The Switzerland stock market opened on a firm note on Friday, and despite a couple of mild setbacks that resulted in a brief fall into the red, surged higher as the day progressed to end the session with strong gains.

Easing concerns about an aggressive rate hike in the upcoming Fed meeting contributed to market's sharp upmove.

The benchmark SMI ended with a gain of 182.57 points or 1.69% at 10,982.09, the day's high.

Lonza Group climbed 3.6%. Roche Holding, Sika, Geberit and Alcon ended stronger by 2 to 2.6%. Novartis, ABB, Nestle and UBS Group gained nearly 2%.

SGS, Logitech, Holcim and Credit Suisse also ended with impressive gains.

Richemont ended 2.85% down after the Swiss luxury group saw sales in mainland China plunge 37% in the three months through June amid lockdowns, stringent testing requirements and a near collapse in international tourist travel.

Among the stocks in the Swiss Mid Price Index, AMS climbed 6%, Straumann Holding surged 5.5% and Dufry gained 4.2%.

Georg Fischer, Temenos Group, Tecan Group and Sonova ended higher by 3 to 3.5%. Adecco, Schindler Holding, PSP Swiss Property, Clariant and Schindler Ps also moved up sharply.

Swatch Group fell more than 3%. Bachem Holding and Lindt & Spruengli ended lower by 1.2% and 1.1%, respectively.

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U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | hace 44 minutos

Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | hace 3h 39min

Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.

RTTNews | hace 4h 31min

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.

RTTNews | hace 5h 5min

CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.

RTTNews | hace 5h 50min

DAX Drifts Lower As Investors Await Outcome Of Sino-US Trade Talks

DAX Drifts Lower As Investors Await Outcome Of Sino-US Trade Talks

German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London. The negotiations, which commenced on Monday, have not yielded any positive news so far.

RTTNews | hace 6h 12min

Sensex, Nifty End Choppy Session Narrowly Mixed

Sensex, Nifty End Choppy Session Narrowly Mixed

Indian shares fluctuated before ending little changed on Tuesday as investors waited for more details to emerge from the second day of ongoing U.S.-China trade negotiations in London.

RTTNews | hace 6h 33min

Yen Recovers Amid BoJ Rate Hike Speculation

Yen Recovers Amid BoJ Rate Hike Speculation

The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.

RTTNews | hace 6h 54min

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