Swiss Market Ends Marginally Up As Stocks Move Up In Final Hour

RTTNews | 592 days ago
Swiss Market Ends Marginally Up As Stocks Move Up In Final Hour

(RTTNews) - Despite spending much of the day's session in negative territory, the Switzerland market ended marginally up on Friday thanks to some brisk buying at select counters in the final hour.

The benchmark SMI ended up 20.49 points or 0.18% at 11,153.09, slightly off the day's high of 11,160.23. The index dropped to a low of 11,093.27 at the start.

Kuehne & Nagel climbed about 2.25%. Lonza Group gained 2.1%. Alcon advanced nearly 1%, while Partners Group and Novartis ended higher by 0.7% and 0.65%, respectively.

Richemont drifted down 1.36%. Logitech International ended lower by 0.55% and Roche Holding ended 0.29% down.

Sandoz, up nearly 1.5%, was the top gainer in the Mid Price Index. Barry Callebaut climbed 1.15%. Baloise Holding, VAT Group, PSP Swiss Property and Straumann Holding gained 0.4 to 0.53%.

Swatch Group ended 1.22% down. SGS and Avolta declined 1.07% and 1.05%, respectively. Adecco, ams OSRAM AG, Julius Baer and Lindt & Spruengli lost 0.5 to 0.75%.

read more
New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.
RTTNews | 12 minutes ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
RTTNews | 4h 45min ago
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.
RTTNews | 5h 6min ago
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | 7h 43min ago
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 | 8h 29min ago