Swiss Market Ends On Firm Note

RTTNews | 1051 days ago
Swiss Market Ends On Firm Note

(RTTNews) - The Switzerland market shrugged off a weak start and kept edging higher as the session progressed on Wednesday to eventually close on a firm note.

The benchmark SMI ended with a gain of 79.81 points or 0.73% at 11,012.87, slightly off the day's high of 11,020.44. The index dropped to a low of 10,895.27 in the first hour.

Richemont rallied more than 3.5%, Alcon gained about 2.25% and Lonza Group surged nearly 2%.

Partners Group gained about 1.5%, while Givaudan, Nestle, Zurich Insurance Group, Novartis and ABB advanced 0.7 to 1.2%.

Holcim ended nearly 2% down. Geberit declined 1.6%, while Swiss Life Holding shed about 0.7%.

Among the stocks in the Swiss Mid Price Index, BB Biotech and Tecan Group surged 3.6% and 3.3%, respectively.

Swatch Group climbed 2.36%, while VAT Group, SIG Combibloc, Lindt & Spruengli, Bachem Holding, Temenos Group, Galenica Sante and Straumann Holding gained 1.2 to 1.4%.

read more
Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian shares ended mostly lower in cautious trade on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven't got letters yet.
RTTNews | 30 minutes ago
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 58 minutes ago
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 1h 35min ago