Swiss Market Ends Modestly Higher After Lackluster Session

RTTNews | 693 days ago
Swiss Market Ends Modestly Higher After Lackluster Session

(RTTNews) - After swinging between gains and losses till noon, Swiss stocks gained in strength as the session progressed on Thursday and eventually ended modestly higher.

The benchmark SMI ended with a gain of 26.96 points or 0.25% at 10,783.15, after touching a low of 10,744.84 and a high of 10,834.55.

Kuehne & Nagel, Roche Holding and Richemont gained 1 to 1.4%. Lonza Group ended nearly 1% up.

Zurich Insurance Group, Partners Group, Sonova, Swiss Life Holding and Swiss Re posted modest gains.

Holcim ended down 1.3%, and Novartis closed lower by about 0.4%. UBS Group edged down marginally.

Among the stocks in the Mid Price Index, Meyer Burger Tech climbed nearly 4.5%. Sandoz, which made a weak debut on Wednesday, posted a gain of about 3.1% today.

BKW, SGS, Julius Baer, Swiss Prime Site, Helvetia, PSP Swiss Property, Tecan Group and Lindt & Spruengli gained 0.6 to 1.5%.

Clariant ended 1.86% down. Dufry, SIG Combibloc, Adecco, VAT Group and Swatch Group lost 0.6 to 1.3%.

read more
U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | 2h 50min ago
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 3h 1min ago
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | 3h 23min ago
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | 3h 29min ago
Switzerland Logs Weaker Growth, Trims 2026 Outlook

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
RTTNews | 4h 35min ago