Swiss Market Ends On Firm Note

RTTNews | 14h 14min ago
Stocktwits
Swiss Market Ends On Firm Note

(RTTNews) - Swiss stocks turned in a fine performance on Thursday, in line with most of the markets across Europe, amid optimism about a U.S.-EU trade deal materialising sometime soon.

The benchmark SMI closed up 125.08 points or 1.04% at 12,131.94.

Alcon climbed 3.85%. VAT Group and Swatch Group gained 3.33% and 3.1%, respectively. Schindler Ps, Geberit, Sonova, SIG Group, Sika, Logitech International and Adecco moved up 2 to 2.7%.

Straumann Holding, Kuehne + Nagel, SGS, Novartis, UBS Group, Partners Group, Holcim, Amrize, ABB, Julius Baer, Lonza Group and Roche Holding closed up by 1 to 2%.

Barry Callebaut tanked 13.4% after the company cut its sales volume guidance for a second time within three months due to persistent cocoa bean price volatility.

The company booked a sales revenue of 10.95 billion francs for the nine months ended May 31, up from the year-ago 7.32 billion francs. Sales volume, on the other hand, dropped 6.3% to 1.6 million tons.

Stocktwits
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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 | 27 minutes ago
European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP and foreign trade from the UK and final inflation from France are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade data. Economists forecast the economy to grow 0.1 percent on a monthly basis in May, in contrast to the 0.3 percent fall in April.
RTTNews | 3h 1min ago
Australian Market Slips To Modest Losses In Mid-market

Australian Market Slips To Modest Losses In Mid-market

The Australian stock market is slipping to modest losses in mid-market moves on Friday after opening in the green, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness in gold miner and energy stocks partially offset by gains in iron ore miner stocks.
RTTNews | 4h 36min ago
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