Swiss Market Ends On Positive Note

RTTNews | 12 days ago
Swiss Market Ends On Positive Note

(RTTNews) - Despite a couple of mild setbacks that briefly pushed it into negative territory, the Switzerland market ended on a positive note on Friday.

Easing concerns about trade tensions following the announcement of a trade deal between the U.S. and U.K., and upcoming talks between U.S. and China helped keep the mood positive.

Meanwhile, According to Bloomberg News, Swiss President Karin Keller-Sutter said the nation could soon finalize a trade deal with the US following "constructive" talks in Geneva with senior US officials.

The benchmark SMI ended with a gain of 25.60 points or 0.21% at 12,087.32, after moving in a tight range between 12,054.42 and 12,123.04.

Sonova climbed 3.4%. Lonza Group and Sandoz Group gained about 2.4% and 2.1%, respectively. Logitech International ended 1.71%, SIG Group closed 1.43% up, and Partners Group gained 1.41%.

Lindt & Spruengli, Swisscom, UBS Group, Givaudan, Nestle, Julius Baer and SGS posted moderate gains.

Kuehne + Nagel closed 3.2% down. Roche Holding drifted lower by 0.88%, while Zurich Insurance, Novartis and VAT Group ended modestly lower.

Data from the State Secretariat for Economic Affairs showed Switzerland's consumer confidence index stood at -42 in April 2025, the lowest in fourteen months, falling four points from the same month last year.

read more
Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday on increased risk-off sentiment, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets.
RTTNews | 27 minutes ago
European Economic News Preview: Eurozone Flash PMI Data Due

European Economic News Preview: Eurozone Flash PMI Data Due

Flash purchasing managers' survey results from the major euro area economies and business sentiment from Germany and France are due on Thursday, headlining a hectic day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data for April. The budget deficit is forecast to rise to GBP 18 billion from GBP 16.4 billion in March.
RTTNews | 1h 30min ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 1h 31min ago
NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 1h 46min ago
Sensex, Nifty Tumble On US Fiscal Concerns

Sensex, Nifty Tumble On US Fiscal Concerns

Indian shares were sharply lower on Thursday after Wall Street saw one of its most brutal selling sessions overnight in over a month on concerns about deteriorating U.S. fiscal outlook.
RTTNews | 2h 13min ago
Australian Market Slightly Trims Early Losses In Mid-market

Australian Market Slightly Trims Early Losses In Mid-market

The Australian market is slightly trimming its early losses in mid-market moves on Thursday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,350 level, with weakness across most sectors led by and technology and energy stocks. Gold miners are the only bright spot.
RTTNews | 3h 1min ago