Swiss Stock Market Halts Losing Streak

RTTNews | 42 दिनों पहले
Swiss Stock Market Halts Losing Streak

(RTTNews) - The Swiss stock market on Tuesday ended the seven-day losing streak in which it had stumbled more than 465 points or 4 percent.

The strength was in line with the rest of the major European markets, which reacted positively to news that Iran and Israel have started to observe a ceasefire.

While both sides have accused each other of violating the ceasefire, traders remained optimistic about easing tensions in the Middle East.

Also, traders largely shrugged off comments from U.S. Federal Reserve Chair Jerome Powell indicating the central bank will remain on hold despite pressure from Trump to lower interest rates.

For the day, the index jumped 133.96 points of 1.13 percent to finish at 11,988.92 after trading between 11,958.53 and 12,075.14.

Among the actives, Sika surged 3.72 percent, while Adecco Group spiked 3.50 percent, UBS Group rallied 3.08 percent, Julius Bar Gruppe strengthened 1.79 percent, Nestle climbed 0.66 percent, Roche Holding advanced 0.61 percent, Zurich Insurance and Novartis both added 0.36 percent, Swiss Re gained 0.33 percent, Swiss Life rose 0.27 percent, Swisscom gathered 0.09 percent and Swatch Group was up 0.08 percent.

read more
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
RTTNews | 3घंटे 43 मिनट पहले
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.
RTTNews | 4घंटे 3 मिनट पहले
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | 6घंटे 40 मिनट पहले
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 | 7घंटे 27 मिनट पहले
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 | 8घंटे 34 मिनट पहले
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 | 8घंटे 45 मिनट पहले