Swiss Market Fails To Hold Early Gains, Ends Marginally Down

RTTNews | il y a 910
Swiss Market Fails To Hold Early Gains, Ends Marginally Down

(RTTNews) - After opening higher, the Switzerland stock market slipped into the red around noon and stayed weak right till the end of the session on Thursday, with investors largely making cautious moves, despite positive global cues.

The benchmark SMI, which climbed to 11,279.81 in early trades, ended with a loss of 12.51 points or 0.11% at 11,188.42, nearly 50 points off the day's low.

ABB, Zurich Insurance Group and Novartis lost 2.4 to 2.8%. Roche Holding ended nearly 2% down, while Nestle and Swisscom shed 1.08% and 0.74%, respectively.

Partners Group climbed more than 9%. Sika, Sonova, Gebrit, Lonza Group and Credit Suisse surged 4.5 to 6%.

Givaudan ended nearly 4% up. Logitech rallied 3.3% and Alcon gained about 2.35%. UBS Group, Richemont and Holcim also ended notably higher.

In the Mid Price Index, Zur Rose zoomed nearly 17%. Straumann Holding surged 12%. Kuehne & Nagel, VAT Group and AMS gained 7.8%, 7.1% and 6.9%, respectively.

Temenos Group, Schindler Ps, Schindler Holding, Georg Fischer, Ems Chemie Holding, Belimo Holding, Tecan Group, Bachem Holding and Adecco ended stronger by 3.3 to 5.5%.

In economic news, consumer sentiment in Switzerland sharply improved in the January quarter to top economists' expectations, driven by significantly less pessimism among households' regarding their own and the national economic situation in the coming months, survey data from the State Secretariat For Economic Affairs, or SECO, showed.

The consumer confidence index climbed to -30 from -47 in the October survey. Economists had expected a score of -38. The latest reading was the strongest since the second quarter survey of 2022, when it was -28.

However, the headline reading remained well below its long-term average of -6 points.

read more
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market moves on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | il y a 47 minutes
Asian Markets Mixed Amid Tariff Uncertainty

Asian Markets Mixed Amid Tariff Uncertainty

Asian stock markets are trading mixed on Friday, following the broadly negative cues from Wall Street overnight, as uncertainty over US reciprocal tariffs still lingers with less than a day remaining for the crucial deadline for negotiations to reach a trade deal expires. US President Donald Trump's revised tariffs on several countries lacking deals are set to be fixed between 10 and 41 percent.
RTTNews | il y a 1h 7min
Japanese Market Notably Lower

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.
RTTNews | il y a 2h 43min
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | il y a 2h 45min
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.
RTTNews | il y a 10h 33min