Swiss Market Ends Modestly Lower

RTTNews | 971 days ago
Swiss Market Ends Modestly Lower

(RTTNews) - The Switzerland stock market ended modestly lower on Monday after languishing in the red right through the day's session.

With the monetary policy meetings of the Federal Reserve and the European Central Bank, scheduled to take place this week, and the data on U.S. inflation due as well, the mood in the market was cautious.

The benchmark SMI, which moved in a tight band between 10,989.77 and 11,050.30, ended the session with a loss of 34.66 points or 0.31% at 11,033.64.

Credit Suisse ended 1.66% down. Swiss Re, Swiss Life Holding, UBS Group and Sonova lost 0.9 to 1.1%.

Holcim, Novartis, Sika and Roche Holding ended modestly lower.

Alcon climbed nearly 1.75% and Lonza Group surged 1.33%. Nestle and Partners Group posted modest gains.

In the Mid Price Index, Helvetia, Flughafen Zurich, Baloise Holding, SGS, AMS, Julius Baer and Adecco lost 1.1 to 1.7%.

Clariant ended lower by about 1.7%. The specialty chemicals company announced impairment charges of around CHF 225 million related to its Sunliquid plant in Podari, Romania, for the fiscal 2022.

Bachem Holding, Tecan Group and Belimo Holding gained 3 to 3.3%. Swiss Prime Site, VAT Group and PSP Swiss Property ended higher by 0.65 - 1%.

read more
Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Friday despite exhibiting weakness for much of the time past noon. Investors continued to react to earnings and assess the economic impact of reciprocal tariffs, and stayed largely cautious with their moves. A report showing a drop in Swiss consumer confidence in the month of July hurt sentiment.
RTTNews | 1 day ago
Major European Markets Close On Mixed Note

Major European Markets Close On Mixed Note

Major European markets turned in a mixed performance on Friday with investors largely staying cautious, assessing the impact of tariffs on global economic growth, and continuing to digest corporate earnings announcements and other data.
RTTNews | 1 day ago
Positive Start Seen For Canadian Stocks

Positive Start Seen For Canadian Stocks

Canadian stocks may edge up a bit in early trades Friday morning with some encouraging earnings announcements and firm commodity prices aiding sentiment. Investors will also be reacting to the data showing a 41,000 jobs drop in Canadian employment in the month of July. Data from Statistics Canada also showed that the unemployment rate in Canada came in unchanged at 6.9%.
RTTNews | 1 day ago
UK Market Roughly Flat; Mining Stocks Move Higher

UK Market Roughly Flat; Mining Stocks Move Higher

Amid a lack of economic and earnings data, U.K. stocks are moving in a tight range in somewhat lackluster trade on Friday. Investors are assessing the potential impact of the Trump administration's reciprocal tariffs on global economic growth. Optimism about a rate cut by the Fed next month is aiding sentiment a bit.
RTTNews | 1 day ago
CAC 40 Climbs Higher For 3rd Straight Day

CAC 40 Climbs Higher For 3rd Straight Day

French stocks are modestly higher on Friday, extending gains to a third straight session, with mostly encouraging corporate earnings announcements aiding sentiment. Concerns about the potential impact of Trump's reciprocal tariffs limit market's upside a bit.
RTTNews | 1 day ago