Swiss Market Ends Moderately Lower

RTTNews | 507天前
Swiss Market Ends Moderately Lower

(RTTNews) - Swiss stocks turned in a weak performance on Tuesday, as investors reacted to some earnings updates and looked ahead to the Federal Reserve's monetary policy announcement, due tomorrow.

The benchmark SMI, which briefly moved into positive territory in early trades, ended the session with a loss of 71.45 points or 0.63% at 11,260.91, the day's low.

Straumann Holding tanked 11.4%. UBS Group drifted down 3.3%, SIG Group ended down by 2.75%, Lonza Group closed lower by 2.3% and Holcim ended 2.2% down.

Swatch Group, SGS, Richemont, Sonova, Geberit and Alcon lost 1 to 1.7%.

Lindt Spruengli rallied 4.12%. Sandoz gained 1.6%. Schindler Ps, Novartis, Givaudan and Nestle ended slightly higher.

Logitech soared 7.8% after posting better-than-expected fourth-quarter results.

Meyer Burger Tech tanked 14.8%. Baloise Holding ended down 4.8%. Flughafen Zurich, Swatch Group and PSP Swiss Property also ended notably lower.

Barry Callebaut surged more than 7%. Clariant and Temenos Group gained 2.7% and 1.6%, respectively.

On the economic front, Switzerland's leading KOF economic barometer rose to 101.8 in April 2024 from a downwardly revised 100.4 in March, coming below forecasts of 102.1.

read more
Swiss Market Ends Higher For 2nd Straight Session

Swiss Market Ends Higher For 2nd Straight Session

The Switzerland market opened on a slightly weak note on Friday, but recovered swiftly and then kept edging higher to eventually end the day's session on a firm note.
RTTNews | 5小時0分鐘前
Major European Markets Close Slightly Weak

Major European Markets Close Slightly Weak

The major European markets closed slightly down on Friday as investors assessed recent moves of the central banks and weighed the potential impact of tariffs. A bit of profit taking also contributed to the market's weak close.
RTTNews | 5小時25分鐘前
TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

The Canadian market is up firmly in positive territory a little past noon on Friday, extending recent gains, thanks largely to strong buying in the materials sector. Energy stocks are struggling for support due to weak oil prices. The mood remains fairly bullish amid expectations the Bank of Canada and the Federal Reserve will announce further easing this year to boost growth.
RTTNews | 6小時31分鐘前
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

The Japanese central bank left its key interest rate unchanged on Friday, as expected, but surprised markets with a decision to reduce the holdings of its massive stock of exchange-traded funds, suggesting that the monetary policy normalization is underway. The Bank of Japan policy board, led by Governor Kazuo Ueda, voted 7-2 to hold the uncollateralized overnight call rate at around 0.5 percen
RTTNews | 9小時26分鐘前
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Canadian shares may open on a somewhat subdued note on Friday with investors reacting to retail sales data, and looking to take some profits following recent gains.
RTTNews | 10小時10分鐘前
Pound Slides As UK Bond Yield Soars

Pound Slides As UK Bond Yield Soars

The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
RTTNews | 11小時55分鐘前