Swiss Market Ends Notably Lower
(RTTNews) - The Switzerland stock market ended weak on Wednesday, in line with the trend across Europe, as worries about geopolitical tensions and rising inflation in the Euro area rendered the mood bearish.
The benchmark SMI ended with a loss of 89.60 points or 0.81% at 10,936.62.
Partners Group drifted down 5.73%. Sika, Geberit, Credit Suisse and Logitech ended lower by 3.66% to 3.95%.
Lonza Group and Givaudan lost about 3% and 2.8%, respectively. ABB, Richemont, Sonova, Holcim, Swiss Re and UBS Group shed 1 to 2%.
Alcon rallied more than 5%. Zurich Insurance Group gained 2.05% after announcing more ambitious financial targets for the next three years. Nestle ended modestly higher.
In the Mid Price Index, AMS lost more than 6%. VAT Group, Zur Rose, Schindler Holding, Temenos Group, Bachem Holding and SGS lost 4 to 5.2%.
Schindler Ps, Ems Chemie Holding, SIG Combibloc, Georg Fischer and Straumann Holding also declined sharply.
Lindt & Spruengli, Barry Callebaut and Tecan Group gained 0.5 to 0.82%.
German Unemployment Exceeds 3 Mln
U.S. PCE Price Index Increased In Line With Estimates In July
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
Pound Slides Against Majors
FTSE 100 Weak Again, Looks Headed For Weekly Loss
Pound Falls Against Majors
