Swiss Market Ends On Upbeat Note

RTTNews | 1069日前
Swiss Market Ends On Upbeat Note

(RTTNews) - The Switzerland stock market closed on an upbeat note on Friday, in line with markets across the globe amid slightly easing concerns about monetary tightening after data showed an increase in U.S. unemployment rate.

The benchmark SMI ended with a gain of 228.27 points or 2.14% at 10,891.71, slightly off the day's high.

All the components of the SMI index closed in positive territory.

Credit Suisse rallied 6.13% after reports that the embattled Swiss bank is looking at cutting around 5,000 jobs as part of a cost-reduction drive.

Holcim climbed 5.4% and Sika gained 5%. UBS Group, Partners Group, Geberit, Swiss Re, ABB, Swiss Life Holding and Lonza Group gained 3 to 4.2%.

SGS, Alcon, Zurich Insurance Group, Givaudan and Logitech advanced 2.5 to 2.9%.

Among the stocks in the Mid Price Index, Zur Rose rallied more than 9%. Temenos Group surged nearly 7%.

Straumann Holding, Georg Fischer, Clariant, Julius Baer, VAT Group, AMS, Dufry, Adecco and Bachem Holding gained 3 to 5%.

read more
DAX Up Sharply As Investors React Positively To Earnings

DAX Up Sharply As Investors React Positively To Earnings

German stocks are up sharply on Thursday, with investors shrugging tariff concerns and going on a buying spree across the board, focusing mostly on earnings. A report showing a growth in the nation's exports in the quarter ended June is aiding sentiment, somewhat outweighing the data showing a sharp drop in industrial output in the month fof June.
RTTNews | 28分前
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Thursday.
RTTNews | 38分前
German Industrial Output Declines Most In 11 Months

German Industrial Output Declines Most In 11 Months

Germany's industrial production logged its biggest fall in nearly a year in June, data from Destatis revealed on Thursday. Industrial output decreased 1.9 percent on a monthly basis in June, worse than the economists' forecast of 0.4 percent drop. This was the biggest fall since July 2024.Production for May was revised down from the initially estimated 1.2 percent increase.
RTTNews | 50分前
Indian Rupee Rises To 3-day High Against U.S. Dollar

Indian Rupee Rises To 3-day High Against U.S. Dollar

The Indian rupee strengthened against the U.S. dollar in the Asian session on Thursday, as the monetary policy outlook from the Reserve Bank of India (RBI) helped the Indian currency amid rising trade tensions with the United States (US).
RTTNews | 1時4分前
Sensex, Nifty End Marginally Higher After Early Losses

Sensex, Nifty End Marginally Higher After Early Losses

Indian shares reversed early losses to end on a flat note Thursday. A cautious undertone prevailed after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
RTTNews | 1時13分前
Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk appetite by the investors, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the U.S. Fed cutting interest rates as early as September based on the recent economic data from the U.S.
RTTNews | 2時41分前