Swiss Market Ends Modestly Higher

RTTNews | 682 일 전
Swiss Market Ends Modestly Higher

(RTTNews) - The Switzerland stock market closed modestly higher on Friday with several counters witnessing sustained buying interest amid slightly easing concerns about interest rates after recent data suggested the central banks in the U.S. and Europe might hold their policies steady for now.

The benchmark SMI ended with a gain of 45.71 points or 0.42% at 10,963.50 after scaling a low of 10,948.20 and a high of 11,044.82 intraday.

Richemont gained nearly 2%. Geberit advanced 1.4%, while Sonova, Swiss Life Holding and Partners Group ended higher by 1 to 1.2%.

Sika, Lonza Group and Nestle gained 0.8 to 1%. Logitech, Givaudan and Kuehne & Nagel also ended higher.

Swiss Re, Alcon, ABB and Zurich Insurance Group shed 0.2 to 0.7%.

Among the stocks in the Mid Price Index, AMS rallied 4.25%, rebounding after posting a hefty loss in the previous session. VAT Group and SIG Combibloc gained 3.2% and 3%, respectively.

Tecan Group, Schindler Holding, Schindler Ps, Belimo Holding, Clariant, Barry Callebaut, SGS, Ems Chemie Holding and Adecco gained 1.3 to 2.4%.

Meyer Burger Tech ended 3.3% down, and Swatch Group ended lower by about 1.1%.

On the economic front, a measure signalling future turning points in the Swiss economy decreased marginally in September to the lowest level in four months, the results of a survey by the KOF Swiss Economic Institute showed Friday.

The economic barometer dropped to 95.9 in September from 96.2 in August. Economists had forecast the index to fall to 90.5.

The slight decline is primarily attributable to bundles of indicators from the manufacturing and other services sectors, the KOF said.

On the other hand, positive momentum is evident in the finance and insurance sectors and the construction industry.

read more
European Stocks Close On Mixed Note After Cautious Session

European Stocks Close On Mixed Note After Cautious Session

European stocks turned in a mixed performance on Monday after a cautious session as investors looked ahead to upcoming talks between the U.S. and Russia on the Ukraine war issue, and the ongoing tariff negotiations between the U.S. and China, as well as some crucial economic data, including a report on consumer price inflation in the world's largest economy.
RTTNews | 2 시간 53 분 전
Rate Cut Hopes Drag The Dollar Down

Rate Cut Hopes Drag The Dollar Down

The U.S. dollar declined against major currencies during the week ended August 8 amidst weak economic data that renewed hopes of a larger-than expected and higher-than-expected monetary policy easing by the Federal Reserve.
RTTNews | 5 시간 33 분 전
Bay Street Likely To Open Slightly Higher, But Weak Metal Prices Could Weigh

Bay Street Likely To Open Slightly Higher, But Weak Metal Prices Could Weigh

Canadian stocks may open with a slightly positive bias on Monday with investors looking ahead to the crucial U.S. inflation data due this week. The focus is also Trump administration's trade negotiations with China, and on the upcoming talks between the U.S. and Russia, aimed at bringing an end to the war in Ukraine.
RTTNews | 7 시간 46 분 전
FTSE 100 Up Marginally As Investors Look For Direction

FTSE 100 Up Marginally As Investors Look For Direction

The U.K. market is up in positive territory a little before noon on Monday with select counters attracting some strong buying interest. Uncertainty on the tariff front is rendering the mood a bit cautious and limiting the market's upside.
RTTNews | 9 시간 21 분 전
CAC 40 Drifts Lower In Lackluster Trade

CAC 40 Drifts Lower In Lackluster Trade

French stocks are down in negative territory on Monday as investors look for direction and make cautious moves while awaiting U.S. - Russia talks set to take place later in the week.
RTTNews | 9 시간 41 분 전