Swiss Stocks Close On Firm Note

RTTNews | 80 hari yang lalu
Swiss Stocks Close On Firm Note

(RTTNews) - Swiss stocks turned in a fine performance on Monday, tracking gains in other markets across Europe, after U.S. President Donald Trump decided to delay the implementation of the 50% tariffs on European Union goods until July 9th. The tariff was earlier proposed to be levied from June 1st.

Trump's move to pause the levy came after a call from European Union Commission President Ursula von der Leyen.

"The EU and US share the world's most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9," Von der Leyen wrote on X.

The Swiss benchmark SMI settled with a gain of 118.38 points or 0.97% at 12,317.07. The index touched a low of 12,278.85 and a high of 12,340.34 intraday.

VAT Group climbed 3.21%. Adecco, Logitech International, Sika and Alcon gained 2.1 to 2.5%.

Partners Group, SIG Group, Straumann Holding, Lindt & Spruengli, Holcim, Lonza Group, Zurich Insurance, Julius Baer, Swiss Life Holding and ABB closed higher by 1.2 to 2%.

Roche Holding gained about 1%, after the company said it is preparing to launch a phase 3 clinical trialfor its experimental antibiotic zosurabalpin. The drug has shown potential against superbug acinetobacter that is resistant to current treatments.

Schindler Ps, Swiss Re Sandoz Group and Novartis also ended with solid gains.

read more
U.S. Producer Price Growth Far Exceeds Estimates In July

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.
RTTNews | 2j 30min yang lalu
U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.
RTTNews | 3j 3min yang lalu
UK GDP Rises More Than Expected

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe
RTTNews | 3j 44min yang lalu
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.
RTTNews | 4j 15min yang lalu
S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.
RTTNews | 4j 18min yang lalu
Pound Rises On Upbeat U.K. GDP Data

Pound Rises On Upbeat U.K. GDP Data

The British pound strengthened against most major currencies in the European session on Thursday, as the U.K. economy rebounded at a faster-than-expected pace in June.
RTTNews | 5j 48min yang lalu