Swiss Market Ends On Firm Note

RTTNews | hace 645
Swiss Market Ends On Firm Note

(RTTNews) - The Switzerland stock market ended on a firm note on Thursday, bucking the largely weak trend seen across Europe.

The market started off on a weak note, but emerged in positive territory about an hour later, and then stayed firm right through the day's session.

The benchmark SMI ended with a gain of 69.01 points or 0.63% at 10,993.43, the day's high.

Swiss Re gained nearly 2%. Roche Holding, Novartis, Sika and Swisscom climbed 1.2 to 1.7%.

Kuehne & Nagel ended 0.7% up, and Alcon gained 0.75%. Nestle advanved nearly 1% after it agreed to acquire Brazilian chocolate brand Kopenhagen.

Sonova dropped 2.5%. Logitech and Swiss Life Holding ended lower by 1.53% and 1.31%, respectively. UBS Group, Richemont, Lonza Group and Partners Group also ended notably lower.

In the Mid Price Index, Swiss Prime Site, Swatch Group, Lindt & Spruengli, Galenica Sante, Baloise Holding, Flughafen Zurich and PSP Swiss Property gained 0.6 to 1.2%.

AMS ended 6.25% down. Meyer Burger Tech declined 5% and VAT Group ended lower by 3.65%.

Dufry, Georg Fischer, Barry Callebaut, Tecan Group, DocMorris and Julius Baer drifted down 1 to 1.5%.

On the economic front, data from State Secretariat for Economic Affairs showed the Swiss unemployment rate rose to a non-seasonally adjusted 2% in August 2023, from 1.9% in the previous month.

Meanwhile, the youth unemployment rate, measuring job-seekers between 15-24 years old, edged up to 2.2% from a prior 1.8%.

read more
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | hace 2h 54min
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | hace 3h 17min
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | hace 5h 8min
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | hace 5h 23min
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | hace 6h 4min
Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Software major Adobe Inc. issued third-quarter outlook and raised its fiscal 2025 earnings and revenue targets after reporting higher second-quarter profit, above market estimates, amid strong growth in the adoption of AI-powered and creative solutions. Meanwhile, the shares were down nearly 2 in the extended trading on Thursday, and are currently losing in the pre-market activity on the NYSE.
RTTNews | hace 6h 40min
Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Indian shares fell sharply on Friday, tracking weak cues from global markets after Israel launched strikes against Iran, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."
RTTNews | hace 6h 54min
Eurozone Industrial Output Falls For First Time In Four Months

Eurozone Industrial Output Falls For First Time In Four Months

Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.
RTTNews | hace 7h 26min