Swiss Market Closes On Firm Note

RTTNews | 8 hari yang lalu
Swiss Market Closes On Firm Note

(RTTNews) - The Switzerland market shrugged off a somewhat shaky start and climbed higher on Tuesday with investors mostly reacting to corporate earnings updates, and looking ahead to monetary policy announcement from the Federal Reserve and closely following trade talks.

The benchmark SMI ended with a gain of 43.96 points or 0.37% at 11,958.91. The index, which edged down to 11,896.89 in early trades, climbed to 12,012.56 around early afternoon, before paring some gains.

Lonza Group climbed 2.65%. Amrize gained nearly 2%. Lindt & Spruengli advanced 1.85%, while Novartis gained nearly 1.5%.

Alcon, Schindler Ps, Swiss Life Holding, UBS Group, Swiss Re, Zurich Insurance and Holcim gained 0.6 to 1.3%.

SIG Group fell nearly 5%. Sika ended 3.65% down. Swatch Group and Adecco both shed a little over 2%. Logitech International drifted down by about 1.25%.

Kuehne + Nagel, Partners Group, SGS, Givaudan and Roche Holding also closed weak.

read more
U.S. Wholesale Inventories Inch Up Less Than Expected In June

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
RTTNews | 1j 48min yang lalu
U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.
RTTNews | 2j 19min yang lalu
U.S. Jobless Claims Rise More Than Expected To 226,000

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
RTTNews | 2j 29min yang lalu
Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
RTTNews | 3j 26min yang lalu
Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | 4j 50min yang lalu