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Swiss Market Ends On Strong Note
(RTTNews) - The Switzerland market ended on a strong note on Wednesday as stocks kept edging higher and higher after opening marginally up. Data showing a smaller than expected increase in U.S. consumer prices in the month of April helped ease concerns about interest rates, and rendered the mood positive.
The benchmark SMI ended with a gain of 115.19 points or 0.98% at 11,899.26, slightly off the day's high of 11,906.80.
Lonza Group climbed nearly 5%. VAT Group shares gained about 4.8% and Sonova rallied 4.1%.
Straumann Holding, Partners Group, Geberit and Sika gained 1.8 to 2.25%. Roche Holdings ended nearly 1.5% up, and ABB advanced 1.35%. Holcim, UBS Group, Givaudan, Julius Baer and Sandoz Group gained 1 to 1.3%.
Alcon, Nestle, Schindler Ps, Kuehne & Nagel and Swiss Life Holding also closed on firm note.
Swatch Group, SIG Group, Lindt & Spruengli and Novartis ended weak.
German Unemployment Rises In July
U.S. Jobless Claims Inch Up Less Than Expected To 218,000
U.S. Consumer Prices Increase In Line With Estimates In June
Bay Street Looks Headed For Positive Start
U.S. Weekly Jobless Claims Inch Up Less Than Expected
FTSE 100 Modestly Higher; Rolls-Royce Holdings, Rentokil Shares Soar
Eurozone Jobless Rate Unchanged At 6.2%
