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Swiss Market Ends On Firm Note For 2nd Straight Day

RTTNews | 689 days ago

Swiss Market Ends On Firm Note For 2nd Straight Day

(RTTNews) - The Switzerland stock market ended on a strong note on Friday amid optimism about the outlook for Chinese economy after encouraging retail sales and industrial sales data, and expectations that most central banks are nearing the end of rate-hiking cycle.

The benchmark SMI ended with a gain of 99.40 points or 0.9% at 11,197.72, after scaling a low of 11,182.55 and a high of 11,244.12 intraday.

Richemont climbed 2.87%. Logitech and Sika both ended higher by about 2.1%. Lonza Group, Geberit and Alcon gained 1.66%, 1.42% and 1.37%, respectively.

Novartis, Sonova, Holcim, Swiss Re, Givaudan and ABB ended higher by 0.8 to 1.2%.

UBS Group, down 0.26%, was the only loser in the SMI index.

In the Mid Price Index, SIG Combibloc gained 2.37%. Swatch Group, Galenica Sante, Adecco, Clariant, Julius Baer and Ems Chemie Holding ended higher by 1 to 1.6%.

Meyer Burger Tech ended 3.4% down. VAT Group closed lower by 1.85%. Barry Callebaut, Temenos Group and DocMorris lost 1 to 1.1%.

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BoJ Minutes: Japan Economy Continues To Recover

BoJ Minutes: Japan Economy Continues To Recover

Members of the Bank of Japan's Monetary Policy Board felt that the country's economic recovery is continuing at an acceptable pace, minutes from the central bank's June 16-17 monetary policy meeting revealed on Tuesday - although it is starting to show signs of slowing.

RTTNews | 36 minutes ago

Singapore Shares Poised To Open To The Upside On Tuesday

Singapore Shares Poised To Open To The Upside On Tuesday

The Singapore stock market on Monday halted the six-day losing streak in which it had stumbled almost 120 points or 2.9 percent. The Straits Times Index now sits just beneath the 4,200-point plateau and it may extend its gains on Tuesday.

RTTNews | 37 minutes ago

Renewed Support Likely For Malaysia Stock Market

Renewed Support Likely For Malaysia Stock Market

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's likely to bounce higher again on Tuesday.

RTTNews | 1h 7min ago

Japan Stock Market May Stop The Bleeding On Tuesday

Japan Stock Market May Stop The Bleeding On Tuesday

The Japan stock market has moved lower in two straight sessions, tumbling almost 780 points or 1.8 percent along the way. The Nikkei 225 now sits just shy of the 40,300-point plateau although it's due for support on Tuesday.

RTTNews | 1h 22min ago

South Korea Inflation Rises 0.2% In July

South Korea Inflation Rises 0.2% In July

Overall consumer prices in South Korea were up a seasonally adjusted 0.2 percent on month in July, Statistics Korea said on Tuesday.

RTTNews | 1h 28min ago

Australia Services Sector Accelerates In July

Australia Services Sector Accelerates In July

The services sector in Australia continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 54.1.

RTTNews | 1h 33min ago

KOSPI May Add To Monday's Gains

KOSPI May Add To Monday's Gains

The South Korea stock market on Monday snapped the two-day slide in which it had stumbled more than 135 points or 3.9 percent. The KOSPI now sits just shy of the 3,150-point plateau and it may add to its winnings on Tuesday.

RTTNews | 1h 37min ago

BoJ Minutes On Tap For Tuesday

BoJ Minutes On Tap For Tuesday

The Bank of Japan will on Tuesday release the minutes from its June 16-17 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | 2h 37min ago

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