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Swiss Market Fails To Hold Early Gains, Ends Moderately Lower

RTTNews | 677 दिनों पहले

Swiss Market Fails To Hold Early Gains, Ends Moderately Lower

(RTTNews) - After opening higher and staying positive till noon on Wednesday, the Switzerland stock market turned a bit subdued and moved along the flat line till mid afternoon before drifting lower to end the day's session on a weak note.

Concerns about inflation, higher interest rates and slowing global economic growth weighed on the market.

The benchmark SMI, which advanced to 11,022.49 in early trades, ended the day with a loss of 71.39 points or 0.65% at 10,882.31. The index touched a low of 10,866.59 in the session.

UBS Group shares ended nearly 3% down. Lonza Group and Sonova shed 2.4% and 2.1%, respectively.

Nestle, Swiss Life Holding, Richemont, Swisscom and Zurich Insurance Group lost 1 to 1.8%. Swiss Re, Partners Group, Kuehne & Nagel and Novartis also closed weak.

Logitech climbed 2.8%. ABB and Roche Holding gained 1.5% and 1.16%, respectively.

Among Mid Price components, Straumann Holding declined 5%. AMS ended lower by about 3.1%. Galenica Sante, PSP Swiss Property, Baloise Holding, Helvetia, Tecan Group and SIG Combibloc lost 1 to 1.7%.

VAT Group, Meyer Burger Tech, Swatch Group, Schindler Holding and Schindler Ps gained 1.3 to 2.4%. Flughafen Zurich, Roche Holding and Adecco also posted notable gains.

On the economic front, data from Switzerland UBS & CFA Society showed the Swiss investors' sentiment index rose by 11 points from the previous month to -27.6 in September, the strongest in seven months.

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Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.

RTTNews | 38 मिनटों पहले

Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.

RTTNews | 46 मिनटों पहले

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.

RTTNews | 1घंटे 37 मिनट पहले

Indian Rupee Falls To 4-day Low Against U.S. Dollar

Indian Rupee Falls To 4-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the European session on Monday, as investors await the announcement of the interest rate decision by the Reserve Bank of India (RBI) on Wednesday.

RTTNews | 2घंटे 0 मिनट पहले

CAC Moderately Higher As Stocks Recover From Recent Setback

CAC Moderately Higher As Stocks Recover From Recent Setback

The French stock market is up firmly in positive territory on Monday with several counters from across various sectors attracting buyers after last week's decline following a sweeping tariff announcement from U.S. President Donald Trump.

RTTNews | 2घंटे 6 मिनट पहले

DAX Up 1.1% As Stocks Rebound From Recent Losses

DAX Up 1.1% As Stocks Rebound From Recent Losses

German stocks are up firmly in positive territory on Monday, recovering well from recent losses, as investors look past last week's tariff announcement from U.S. President Donald Trump and focusing on recent earnings.

RTTNews | 2घंटे 24 मिनट पहले

Sensex, Nifty Snap Two-day Losing Streak As Focus Shifts To RBI

Sensex, Nifty Snap Two-day Losing Streak As Focus Shifts To RBI

Indian shares rose on Monday as soft U.S. jobs data signaling a sharp deterioration in labor market conditions fueled bets of imminent Federal Reserve rate cuts.

RTTNews | 3घंटे 15 मिनट पहले

European Shares Tick Higher In Cautious Trade

European Shares Tick Higher In Cautious Trade

European stocks opened on a positive note Monday after falling sharply in the previous session on worries about the impact from higher U.S. tariffs.

RTTNews | 4घंटे 40 मिनट पहले

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