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Swiss Market Ends On Buoyant Note As Stocks Rally On Positive Global Cues

RTTNews | 1138天前

Swiss Market Ends On Buoyant Note As Stocks Rally On Positive Global Cues

(RTTNews) - The Switzerland stock market ended on a high note on Friday, tracking positive global cues.

As investors kept picking up stocks amid slightly easing worries about inflation, the market surged higher and higher as the session progressed to eventually close with an impressive gain.

The benchmark SMI ended with a big gain of 369.81 points or 3.54% at 10,823.12, the day's high.

All the components of the SMI index ended with sharp gains. UBS Group topped the list, surging more than 6%. Credit Suisse, Lonza Group, Givaudan, Geberit, Richemont and Roche Holding climbed 4 to 5.2%.

Zurich Insurance Group gained 4.2% after it agreed to sell its legacy traditional life insurance back book in Germany to Viridium Holding AG.

Partners Group, Logitech, Sika, Novartis, Swiss Re, Nestle, SGS, Swiss Life Holding and Alcon moved up 2 to 4%.

In the Mid Price Index, Straumann Holding rallied 6.5%. Julius Baer, Temenos Group, Swatch Group, Schindler Ps, Georg Fischer, Schindler Holding, Bachem Holding, VAT Group, Clariant and AMS gained 4 to 5.1%.

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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 | 50分鐘前

U.S. Trade Deficit Narrows Slightly More Than Expected In June

U.S. Trade Deficit Narrows Slightly More Than Expected In June

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.

RTTNews | 1小時54分鐘前

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 | 1小時57分鐘前

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 | 2小時8分鐘前

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 2小時37分鐘前

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | 2小時48分鐘前

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | 3小時8分鐘前

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.

RTTNews | 3小時41分鐘前

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