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Swiss Market Ends On Firm Note

RTTNews | il y a 970

Swiss Market Ends On Firm Note

(RTTNews) - The Switzerland market shrugged off a sluggish start and moved higher on Friday as news about loosening of Covid restrictions in China helped outweigh concerns about economic slowdown and prompted investors to pick up some stocks.

The benchmark SMI, which edged down to 10,980.80 in early trades, ended the session with a gain of 63.77 points or 0.58% at 11,068.30. The index climbed to a high of 11,101.33 intraday.

Credit Suisse rallied 6.76% after the Swiss lender announced it has raised 2.24 billion Swiss francs ($2.39 billion) as part of a 4-billion-franc cash call.

Sika surged nearly 3%. Geberit, Givaudan, Partners Group, Logitech and ABB gained 1.4 to 2%.

Sonova, Swiss Life Holding, UBS Group, Holcim, Swiss Re and Swisscom gained 0.5 to 1%.

In the Mid Price index, Lindt & Spruengli surged nearly 3%. Clariant, Belimo Holding, Galenica Sante, Swatch Group, VAT Group, Schindler Ps, SIG Combibloc, Ems Chemie Holding and Georg Fischer gained 2 to 2.5%.

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U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | il y a 50 minutes

U.S. Trade Deficit Narrows Slightly More Than Expected In June

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | il y a 1h 55min

Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | il y a 1h 57min

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | il y a 2h 8min

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | il y a 2h 37min

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | il y a 2h 48min

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | il y a 3h 8min

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.

RTTNews | il y a 3h 41min

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