Swiss Market Ends Notably Lower
(RTTNews) - The Switzerland market closed notably lower on Wednesday, after languishing in negative territory right through the day's trading session, as investors weighed global economic outlook in the wake of the latest data on Eurozone and U.K. inflation, and awaited the Federal Reserve's monetary policy announcement.
The benchmark SMI, which moved in a very tight range, closed with a loss of 101.61 points or 0.87% at 11,638.91, slightly off the session's low. The index touched a high of 11,707.13.
Givaudan and Adecco closed down 2.46% and 2.29%, respectively. Swiss Re ended lower by 1.78%, while Nestle, Schindler Ps, Sika, UBS Group, SIG Group and Roche Holding lost 1 to 1.5%.
Geberit, Swisscom, Novartis, Zurich Insurance Group, Julius Baer and Swiss Life Holding also closed weak.
ABB closed 0.7% down. The company said it has entered into an agreement to purchase Gamesa Electric's power electronics business in Spain from Siemens Energy's ENR Siemens Gamesa to boost its renewable power conversion portfolio.
VAT Group climbed 1.85%. SGS gained a little over 1%. Alcon, Partners Group, Swatch Group and Holcim posted modest gains.
Swiss Market Ends Marginally Up
European Stocks Close Weak
Canadian Stocks Turning In Mixed Performance; TSX Down Marginally
U.S. Pending Home Sales Fall More Than Expected In July
Eurozone Economic Confidence Weakens In August
Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners
U.S. Economy Surges More Than Previously Estimated In Q2
