Swiss Market Ends On Buoyant Note

RTTNews | 466 days ago
Swiss Market Ends On Buoyant Note

(RTTNews) - After opening flat, the Switzerland stock market gained in strength thanks to sustained buying at several counters and closed on a buoyant note on Friday.

The benchmark SMI ended with a gain of 160.97 points or 1.44% at 11,349.39, slightly off the day's high.

Logitech and Roche Holding rallied 3.17% and 3.1%, respectively. ABB surged 2.57%.

Nestle, Novartis, UBS Group and Richemont gained 1.4 to 1.8%, while Lonza Group advanced 1.06%.

Credit Suisse and Holcim both shed more than 1%. Swiss Re ended 0.4% down, while Swiss Life Holding edged down marginally.

In the Mid Price Index, Zur Rose soared 30.4%. Bachem Holding climbed 4% and Adecco surged 3.15%.

Julius Baer, Ems Chemie Holding, Galenica Sante and Belima Holding ended higher by 2 to 2.8%.

Swiss Prime Site and Straumann Holding shed nearly 2%. Kuhne & Nagel, Swatch Group and PSP Swiss Property ended lower by 1.2 to 1.6%.

read more
U.S. Producer Price Growth Exceeds Estimates In April

U.S. Producer Price Growth Exceeds Estimates In April

Producer prices in the U.S. increased by more than expected in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said its producer price index for final demand climbed by 0.5 percent in April after a revised 0.1 percent dip in March. Economists had expected producer prices to rise by 0.3 percent.
RTTNews | 4h 5min ago
IHS Holding Slips To Hefty Loss In Q1

IHS Holding Slips To Hefty Loss In Q1

IHS Holding Ltd. (IHS) reported Tuesday a net loss attributable to the company for the first quarter of $1.56 billion or $4.67 per share, compared to net income of $7.78 million or $0.03 per share in the prior-year quarter.
RTTNews | 4h 28min ago
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Canadian shares are likely to open on a subdued note Tuesday morning with investors looking for directional clues. Data on U.S. producer price inflation may provide some clues about the outlook for interest rates. The focus will also be on U.S. consumer price inflation data and Fed Chair Jerome Powell's speech due later in the week.
RTTNews | 5h 22min ago
German ZEW Investor Confidence Improves More Than Expected

German ZEW Investor Confidence Improves More Than Expected

Investor sentiment in Germany grew for a tenth month and at a faster than expected pace in May to its highest level in over two years, on hopes of an interest rate cut by the European Central Bank in June and an increase in export demand from China, results of a survey revealed Tuesday. The ZEW Indicator of Economic Sentiment for Germany climbed to 47.1 from 42.9 in April.
RTTNews | 5h 42min ago
Alibaba Q4 Net Profit Plunges, Misses Estimates

Alibaba Q4 Net Profit Plunges, Misses Estimates

e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday that net income attributable to ordinary shareholders for the fourth quarter plunged to 3.27 billion Chinese yuan or $453 million from last year's 23.52 billion yuan. Earnings per ADS were 1.30 yuan or $0.18, compared to 9.00 yuan a year ago.
RTTNews | 6h 37min ago
Pound Falls On Weak Employment Data

Pound Falls On Weak Employment Data

The British pound weakened against other major currencies in the European session on Tuesday, after data showed that the average earnings in the U.K. grew better than expected in March and the jobless rate rose slightly, while the fall in employment was less than expected and vacancies continued to decline, giving more evidence of a cooling labor market to Bank of England that is preparing to lower interest rates soon.
RTTNews | 6h 43min ago