Swiss Market Ends On Weak Note

RTTNews | 14 days ago
Swiss Market Ends On Weak Note

(RTTNews) - Save for a brief while around mid morning, the Switzerland market languished in negative territory during the day's trading session on Monday as investors remained reluctant to make significant moves amid a lack of positive news from the trade front.

The benchmark SMI closed down 46.02 points or 0.38% at 11,936.89. The index touched a high of 11,993.08 and a low of 11,905.44 in the session.

Sonova, Amrize, Adecco, Lonza Group, Richemont and Roche Holding lost 1.1 to 1.6%. Nestle ended nearly 1% down.

Novartis, SGS, Geberit, Kuehne + Nagel, Lindt & Spruengli, Alcon and Straumann Holding ended lower by 0.25 to 0.8%.

Swiss Re climbed 1.7%. Julius Baer and Schindler Ps both gained nearly 1.5%. Schindler gained thanks to a rating upgrade by Kepler.

UBS Group, ABB, Partners Group, Sandoz Group and Swiss Life Holding posted modest gains.

read more
BoJ Minutes On Tap For Tuesday

BoJ Minutes On Tap For Tuesday

The Bank of Japan will on Tuesday release the minutes from its June 16-17 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | 28 minutes ago
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

After an early sharp drop, the Switzerland market recovered some lost ground Monday morning, but stayed in negative territory right through the day's trading session, as investors largely stayed cautious, waiting for directional clues.
RTTNews | 4h 15min ago
U.S. Factory Orders Pull Back Sharply In June

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | 8h 10min ago
Weak Jobs Data Limits Dollar's Rebound

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
RTTNews | 8h 12min ago
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 | 9h 30min ago
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 | 9h 38min ago