Swiss Market Ends Lower Again As Growth Worries Weigh

RTTNews | 1063 hari yang lalu
Swiss Market Ends Lower Again As Growth Worries Weigh

(RTTNews) - The Switzerland stock market ended on a weak note on Thursday, extending losses from the previous session, as rising worries about slowing global economic growth continued to weigh on sentiment.

The benchmark SMI, which dropped to a low of 10,755.46 in late afternoon trades, ended the session with a loss of 105.33 points or 0.97%.

The index had ended with a loss of 1.49% on Wednesday.

All the components of the SMI index ended in negative territory.

Givaudan and Credit Suisse shed 4.2% and 3.48%, respectively. UBS Group, Swiss Re, Sika, Partners Group and Zurich Insurance Group ended lower by 1.6 to 2.2%.

Swisscom, Geberit, Swiss Life Holding, Holcim and Alcon also ended notably lower.

Among Swiss Mid Price index stocks, Zur Rose, AMS, Temenos Group, Bachem Holding and Clariant ended lower by 3 to 4%.

BB Biotech, Barry Callebaut, Julius Baer, Helvetia and Swiss Prime Site shed 2 to 2.7%.

SIG Combibloc rallied 2.7%. Flughafen Zurich gained about 1%, while Straumann Holding and Galenica Sante ended higher by 0.68% and 0.59%, respectively.

On the economic front, data from the Federal Statistical Office showed producer price inflation in Switzerland decreased to 0.3% month-on-month in June from 0.9% in May.

Switzerland's producer and import prices increased 6.9% from a year earlier in June of 2022, unchanged from the previous months. Still, the figure was the highest level since September of 1981.

read more
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 1j 4min yang lalu
European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is forecast to shrink 0.1 percent on a monthly basis in April, reversing a 0.2 percent rise in March.
RTTNews | 3j 12min yang lalu
Sensex, Nifty Subdued In Cautious Trade

Sensex, Nifty Subdued In Cautious Trade

Indian shares were subdued on Thursday as investors assessed U.S. President Donald Trump's declaration that a trade deal with China was "done" and that he would set unilateral tariff rates for trading partners within two weeks.
RTTNews | 3j 28min yang lalu
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian market is doubling its early gains in mid-market moves on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners.
RTTNews | 3j 52min yang lalu