Swiss Market Ends Lower For 5th Straight Day

RTTNews | 681天前
Swiss Market Ends Lower For 5th Straight Day

(RTTNews) - Swiss stocks fell sharply on Wednesday, tracking weakness in global markets amid an escalation in tensions in the Middle East, and lingering worries about inflation and slowing growth.

The benchmark SMI ended lower by 138.58 points or 1.28% at 10,675.44, extending losses to a fifth straight session.

ABB tumbled 6.5% after the engineering group flagged a slowdown in revenue growth in Q4 and reported a continued decline in orders in China.

Lonza Group ended lower by about 3.5%, extending losses from the previous session. Geberit ended 3.25% down.

Sika, UBS Group, Kuehne & Nagel, Alcom, Holcim and Partners Group lost 2 to 2.7%. Logitech and Roche Holding also declined sharply.

In the Mid Price Index, VAT Group drifted down 4.53%. Sandoz, Tecan Group, Meyer Burger Tech, Julius Baer, AMS, Georg Fischer, Schindler Ps, Belimo Holding and SIG Combibloc ended lower by 2 to 3.4%.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 6小時27分鐘前
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 9小時17分鐘前
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 9小時45分鐘前
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 12小時49分鐘前
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 13小時32分鐘前