Swiss Market Ends Marginally Down After Choppy Session

RTTNews | 87 दिनों पहले
Swiss Market Ends Marginally Down After Choppy Session

(RTTNews) - Despite staying positive for much of the day's trading session, the Switzerland market closed slightly weak on Monday with a few stocks turning weak past mid afternoon, as investors turned cautious amid a lack of prominent triggers.

Renewed concerns about tariffs and caution ahead of policy announcements from the Federal Reserve and the Bank of England contributed to the subdued mood in the market.

The benchmark SMI closed down 20.76 points or 0.17% at 12,233.03, the day's low. The index touched a high of 12,318.91 in the session.

Adecco ended down by 2.59%. VAT Group and Swatch Group both closed lower by about 1.9%. Novartis ended 1.36% down.

Richemont, Straumann Holding, SIG Group, Alcon and Sika lost 0.5 to 0.8%.

Swiss Re climbed nearly 1.5%. Swiss Life Holding, Zurich Insurance, Geberit and UBS Group closed higher by 0.6 to 1.1%, while, ABB, Julius Baer, Kuehnd + Nagel and Sandoz Group posted modest gains.

On the economic front, Switzerland's consumer prices showed a flat change in April, data from the Federal Statistical Office showed. The consumer price index showed no variations compared to last year, following a stable increase of 0.3% in March.

Further, this was the lowest level since March 2021, when prices were down by 0.2%.

Excluding food and energy, core inflation moderated to 0.6% from 0.9% a month ago.

Month-on-month, consumer prices stalled for the second straight month in April.

read more
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 | 29 मिनटों पहले
European Stocks Close Mostly Weak As Investors React To Earnings

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.
RTTNews | 59 मिनटों पहले
U.S. Consumer Price Growth Matches Estimates In June

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.
RTTNews | 3घंटे 48 मिनट पहले
German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
RTTNews | 4घंटे 30 मिनट पहले
U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | 4घंटे 38 मिनट पहले
Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.
RTTNews | 5घंटे 25 मिनट पहले
U.S. Weekly Jobless Claims Inch Up Less Than Expected

U.S. Weekly Jobless Claims Inch Up Less Than Expected

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday.
RTTNews | 5घंटे 31 मिनट पहले