Swiss Market Ends On Buoyant Note

RTTNews | 724 days ago
Swiss Market Ends On Buoyant Note

(RTTNews) - The Switzerland stock market ended on a buoyant note on Tuesday, gaining ground consistently after a marginally positive start.

The benchmark SMI ended with a gain of 127.35 points or 1.16% at 11,103.55, after climbing to a high of 11,120.88.

Novartis shares climbed about 4.65% after the company raised its full-year earnings guidance and mapped out the planned spin-off of its generic medicines division Sandoz for early in the fourth quarter.

Richemont gained 2.65% and Lonza Group advanced 1.8%. UBS Group ended higher by 1.02%, while Partners Group, Geberit, Swiss Life Holding, Swiss Re, Sonova and Holcim gained 0.5 to 0.8%.

Swisscom and Nestle ended lower by 0.76% and 0.34%, respectively. Logitech, Alcon and Zurich Insurance Group ended flat.

In the Mid Price Index, Clariant, AMS, Adecco and Straumann Holding gained 2.1 to 2.5%.

PSP Swiss Property, Dufry, Swiss Prime Site, Swatch Group, Tecan Group and Lindt & Spruengli ended higher by 1 to 1.7%.

DocMorris drifted down 1.7%. SGS ended 1.03% down, while Bachem Holding and Belimo Holding lost 0.72% and 0.47%, respectively.

read more
Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 1h 22min ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 1h 38min ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 2h 18min ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 6h 1min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 6h 8min ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 6h 31min ago
Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 7h 20min ago