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Swiss Market Ends On Firm Note

RTTNews | 1025 days ago

Swiss Market Ends On Firm Note

(RTTNews) - The Switzerland stock market shrugged off a weak start and moved higher to close on a firm note on Tuesday, in line with the trend seen across Europe.

The benchmark SMI ended with a gain of 76.65 points or 0.71% at 10,827.04. The index scaled a low of 10,718.32 and a high of 10,845.27 intraday.

Logitech, Sika and Geberit gained 4 to 4.3%. Sonova climbed 3.55% and Givaudan ended nearly 3% up. Swiss Life Holding, Partners Group, Lonza Group and Credit Suisse surged 1.7 to 2%, while Alcon gained about 1.2%.

Zur Rose, up nearly 6.5%, was the biggest gainer in the Mid Price Index. VAT Group, Bachem Holding, Straumann Holding, Belima Holding, SIG Combibloc, Adecco, Kuehne & Nagel, George Fischer, Temenos Group and Durfy gained 2 to 6%.

Swatch Group slipped 2.5%. PSP Swiss Property and Roche Holding lost 1.4% and 1.81%, respectively.

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U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 1h 8min ago

Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | 1h 26min ago

U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 2h 10min ago

German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 2h 39min ago

U.S. PCE Price Index Increased In Line With Estimates In July

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | 2h 52min ago

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | 3h 8min ago

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | 3h 46min ago

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 3h 53min ago

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