Swiss Market Slips After Positive Start, Ends Moderately Down

RTTNews | 601 days ago
Swiss Market Slips After Positive Start, Ends Moderately Down

(RTTNews) - The Switzerland stock market faltered after a positive start on Thursday, and despite emerging in positive territory subsequently, fell again around late afternoon and finally ended the day's session moderately lower.

The benchmark SMI ended with a loss of 58.53 points or 0.53% at 10,979.77, the day's low.

Nestle declined 1.65%. Geberit ended lower by about 1.1%. Richemont, Novartis, Roche Holding, Swisscom and UBS Group lost 0.4 to 0.8%.

Logitech rallied more than 2%. Kuehne & Nagel climbed 1.11%. Givaudan advanced despite reporting a decline in sales for the third quarter. Holcim and Sonova posted modest gains.

Among the stocks in the Mid Price Index, Helvetia lost nearly 6%. SIG Combibloc ended down 3.4%, while Dufry and Meyer Burger Tech declined 2.6% and 2.5%, respectively.

Clariant, Lindt & Spruengli, AMS, Barry Callebaut and Swtch Group lost 1 to 1.6%.

VAT Group ended stronger by 3.7%, and Sandoz climbed 3.1%. Adecco and Flughafen Zurich both gained about 0.75%.

read more
European Shares Seen Little Changed At Open

European Shares Seen Little Changed At Open

European stocks are seen opening narrowly mixed on Thursday as investors look ahead to the European Central Bank's monetary policy announcement later in the day.
RTTNews | 1h 44min ago
Sensex, Nifty Open Higher Ahead Of RBI Meet

Sensex, Nifty Open Higher Ahead Of RBI Meet

Indian shares traded higher on Thursday as weak U.S. economic data reinforced speculation that the Federal Reserve will cut interest rates at least twice this year.
RTTNews | 3h 1min ago
European Economic News Preview: ECB To Cut Interest Rates

European Economic News Preview: ECB To Cut Interest Rates

The European Central Bank is widely expected to cut its interest rates on Thursday after inflation fell below the 2 percent target in May. Markets expect the bank to lower the deposit rate by another 25 basis points to 2.00 percent. The bank has reduced the policy rates by a quarter points each in every rate-setting session since September.
RTTNews | 3h 14min ago
Australian Market Slips To Slight Losses In Mid-market

Australian Market Slips To Slight Losses In Mid-market

The Australian market is slipping to slight losses in mid-market moves on Thursday after opening in the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,550 level, with by weakness in energy and financial stocks partially offset gains in iron ore miners and some technology stocks.
RTTNews | 3h 55min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, amid optimism about the outlook for interest rates after the release of some weaker than expected U.S. economic data, which raised concerns about the strength of the economy. Asian markets closed mostly higher on Wednesday.
RTTNews | 4h 17min ago
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares look set to open largely unchanged on Thursday as investors look ahead to the Reserve Bank of India's (RBI) monetary policy decision on June 6, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time.
RTTNews | 4h 49min ago
Recovery Anticipated For Thai Stock Market

Recovery Anticipated For Thai Stock Market

The Thai stock market has moved lower in consecutive trading days, separated by the long holiday weekend - giving up more than 30 points or 2.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,130-point plateau although it's likely to bounce higher again on Thursday.
RTTNews | 5h 19min ago
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese market is trading modestly lower on Thursday, reversing some of the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 37,650 level, with weakness in automakers, exporters and financial stocks partially offset by gains in technology stocks.
RTTNews | 5h 43min ago