Swiss Market Ends On Firm Note
(RTTNews) - The Switzerland stock market ended on a firm note on Thursday after data from the Labor Department showed U.S. consumer price inflation rose less than expected in the month of July.
The tamer than expected inflation data, and a report showing an increase in weekly jobless claims in the U.S. have raised hopes the Federal Reserve will leave interest rates unchanged at its September meeting.
The benchmark SMI ended with a gain of 68.25 points or 0.62% at 11,149.79 after moving between 11,106.90 and 11,189.10.
Partners Group and Richemont gained 2.61% and 2.52%, respectively. Givaudan and Kuehne & Nagel gained 2.1% and 2%, respectively.
Lonza Group surged 1.86%. Sonova gained about 1.6%, while Logitech and Swiss Life Holding both ended higher by 1.39%. Sika advanced about 1.1%.
Zurich Insurance gained about 0.6% after delivering strong results in the first six months of the year.
ABB declined 2.2%. Novartis edged down marginally.
In the Mid Price Index, Straumann Holding, Bachem Holding, VAT Group and Dufry gained 2 to 2.6%.
Julius Baer, Temenos Group, Baloise Holding, Belimo Holding, AMS, Helvetia and Swiss Prime Site also ended notably higher.
Meyer Burger Tech drifted down 1.22%. Galenica Sante declined 0.51%, while Lindt & Spruengli and Flughafen Zurich edged down marginally.
Swiss Stocks Close Notably Lower On Weak Global Cues
European Markets Drop To Multi-week Lows On Growth Worries, Rate Uncertainty
TSX Down Nearly 0.5% Despite Coming Off Early Lows
U.S. Homebuilder Confidence Unexpectedly Edges Higher In November
Bay Street May Open On Weak Note
FTSE 100 Down 1.25%; Bank, Miners Among Major Losers
CAC 40 Extends Recent Losses As Stocks Tumble On Economic Worries
