Swiss Market Ends On Firm Note

RTTNews | 699 days ago
Swiss Market Ends On Firm Note

(RTTNews) - The Switzerland stock market ended on a firm note on Friday, in line with a largely positive trend in Europe amid optimism about more surplus from the Chinese government to revive the world's second largest economy.

The benchmark SMI, which climbed to 11,448.69, ended the day's session with a gain of 83.43 points or 0.74% at 11,386.26.

Richemont rallied more than 3%. Givaudan gained nearly 2%. Roche Holding, Alcon and Sonova advanced 1.2 to 1.6%.

Kuehne & Nagel surged nearly 1%. Swisscom, Partners Group, Lonza Group and Novartis gained 0.4 to 0.8%.

Logitech and UBS Group edged down marginally. ABB, Swiss Re and Geberit edged up slightly.

In the Mid Price Index, Straumann Holding, Bachem Holding, Schindler Ps, Dufry, Schindler Holding, Tecan Group and SIG Combibloc moved up 1 to 1.7%.

Lindt & Spruengli tumbled 3.7%. Temenos Group declined 1.7%, while Baloise Holding and VAT Group both ended lower by a little over 1%.

read more
Japan GDP Data Due On Friday

Japan GDP Data Due On Friday

Japan will on Friday release preliminary Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to slip 0.1 percent on quarter and 0.2 percent on year after adding 0.6 percent on quarter and 2.2 percent on year in the three month prior.
RTTNews | 44 minutes ago
Euro Drops Against Majors

Euro Drops Against Majors

The euro weakened against its major counterparts in the New York session on Thursday.
RTTNews | 3h 23min ago
Swiss Market Shrugs Off Weak Start, Ends On Firm Note

Swiss Market Shrugs Off Weak Start, Ends On Firm Note

After opening weak and remaining subdued till noon, Swiss stocks found some support and kept edging higher on Thursday, and finally ended the day's session on a firm note. Data showing a strong pace of expansion of the Swiss economy in the first quarter of this year aided sentiment.
RTTNews | 5h 6min ago
Major European Markets Recover After Early Setback, Close On Firm Note

Major European Markets Recover After Early Setback, Close On Firm Note

Despite an early struggle, the major European markets turned in fairly steady performance as the session progressed on Thursday to eventually close on a firm note. Easing concerns about tariffs and U.S. inflation, and some encouraging regional economic data helped underpin sentiment.
RTTNews | 5h 23min ago
U.S. Business Inventories Inch Up Slightly Less Than Expected In March

U.S. Business Inventories Inch Up Slightly Less Than Expected In March

The Commerce Department released a report on Thursday showing a slight increase by U.S. business inventories in the month of March. The report said business inventories crept up by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected business inventories to rise by another 0.2 percent.
RTTNews | 6h 38min ago
TSX Rises For 8th Straight Session, Looks Set To Scale New Peak

TSX Rises For 8th Straight Session, Looks Set To Scale New Peak

The Canadian market is up in positive territory, extending gains to an eighth straight session, as the undertone continues to remain firm amid easing concerns about tariffs, and the recent data showing a smaller than expected increase in U.S. consumer price inflation in the month of April.
RTTNews | 6h 43min ago
U.S. Homebuilder Confidence Unexpectedly Slumps In May

U.S. Homebuilder Confidence Unexpectedly Slumps In May

Reflecting growing uncertainties stemming from elevated interest rates, tariff concerns, building material cost uncertainty and the cloudy economic outlook, the National Association of Home Builders released a report on Thursday showing an unexpected slump by U.S. homebuilder confidence in the month of May.
RTTNews | 6h 53min ago