Swiss Market Ends On Bright Note

RTTNews | 5 hari yang lalu
Swiss Market Ends On Bright Note

(RTTNews) - The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.

The benchmark SMI closed up 136.81 points or 1.13% at 12,253.79, off the day's high of 12,282.55.

ABB, the top gainer in the SMI index, closed 4.63% up. Straumann Holding, Logitech International and Julius Baer gained 3.2 to 3.78%.

Sandoz Group gained about 2.7% following a rating upgrade by RBC Capital Markets. Holcim, Geberit, Partners Group, Lindt & Spruengli, Alcon, Lonza Group, VAT Group, Sika, SIG Group and UBS Group ended higher by 1.6 to 2.7%.

Roche Holding, SGS, Givaudan, Swiss Life Holding, Sonova, Adecco and Kuehne + Nagel also posted impressive gains.

Schindler Ps closed down 1.6%, while Swisscom and Nestle ended marginally down.

In economics, a report from procuer ch & UBS said, the Swiss procure.ch. Manufacturing PMI dropped to 45.8 in April from 48.9 in March. The April reading was a nine-month low.

read more
European Shares Seen Opening Up On Trade Deal Optimism

European Shares Seen Opening Up On Trade Deal Optimism

European stocks look set to open on a positive note Thursday after U.S. President Donald Trump said he would announce "a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY," without giving further details.
RTTNews | 1j 2min yang lalu
European Economic News Preview: Bank Of England To Cut Interest Rate

European Economic News Preview: Bank Of England To Cut Interest Rate

The Bank of England is set to cut its benchmark interest rate by a quarter-point on Thursday, to cope with the economic slowdown triggered by trade tariffs. The Monetary Policy Committee is expected to reduce the Bank Rate to 4.25 percent from 4.50 percent. The BoE had maintained its interest rate at its March meeting after reducing it three times since last year.
RTTNews | 1j 12min yang lalu
Sensex, Nifty Subdued In Early Trade

Sensex, Nifty Subdued In Early Trade

Indian shares were subdued on Thursday amid rising tensions between India and Pakistan and concerns about the outlook for the global economy.
RTTNews | 2j 24min yang lalu
Australian Market Swings To Slight Gains In Mid-market

Australian Market Swings To Slight Gains In Mid-market

The Australian market is turning its early losses to slight gains in mid-market moves on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying just below the 8,200 level, with gains in gold miners and technology stocks partially offset by weakness in financial stocks.
RTTNews | 3j 12min yang lalu
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, amid optimism surrounding the upcoming U.S.-China trade talks to take place in Switzerland this week and China's new stimulus measures. Meanwhile, the US Fed left interest rates unchanged, and also warned of increasing risks of higher unemployment and higher inflation.
RTTNews | 3j 35min yang lalu
Sensex, Nifty Likely To Open On Cautious Note

Sensex, Nifty Likely To Open On Cautious Note

Indian shares look set to open on a cautious note Thursday as Pakistan troops continue to resort to cross-border shelling along the Line of Control (LoC) in Kupwara district of Jammu and Kashmir for the second consecutive day.
RTTNews | 4j 6min yang lalu
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese market is trading modestly lower on Thursday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 36,700 level, with weakness in index heavyweights, exporters and financial stocks partially offset by gains in technology stocks.
RTTNews | 4j 57min yang lalu
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is trading slightly lower on Thursday, giving up some of the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,200 level, with weakness in iron ore miners and financial stocks partially offset by gains in gold miners and technology stocks.
RTTNews | 5j 34min yang lalu