Swiss Market Ends On Weak Note

RTTNews | 626 days ago
Swiss Market Ends On Weak Note

(RTTNews) - After a weak start, the Switzerland market briefly moved into positive territory around late morning on Monday, but retreated soon, and ended the day's session on a negative note despite another attempt to edge higher past mid afternoon.

The benchmark SMI ended lower by 36.09 points or 0.32% at 11,155.80 after scaling a low of 11,137.18 and a high of 11,205.55 intraday.

Sika ended down 2.52%. Logitech International, Holcim, Geberit and Richemont ended lower by 1.7 to 2.1%.

UBS Group drifted down by about 1.1%. ABB and Kuehne & Nagel ended lower by 0.85% and 0.51%, respectively.

Swisscom advanced 1.11%. Givaudan, Novartis, Swiss Re, Roche Holding and Lonza Group posted modest gains.

Among the stocks in the Mid Price Index, ams OSRAM Ag and Clariant ended down 5.41% and 5%, respectively. BKW closed lower by 3.2%. Tecan Group, Straumann Holding, VAT Group, Sandoz and Avolta lost 1.25 to 2.5%.

Meyer Burger Tech soared 10.3%. PSP Swiss Property advanced 1.35%, while SIG Combibloc and Galenica Sante gained 0.69% and 0.56%, respectively.

read more
Canadian Market Looks Headed For Another Positive Close

Canadian Market Looks Headed For Another Positive Close

The Canadian market is firmly placed in positive territory Thursday afternoon, thanks largely to a fine performance by several technology stocks, and a few frontline stocks from consumer discretionary, real estate, communications and financials sectors.
RTTNews | 3h 30min ago
Swiss Market Closes On Buoyant Note

Swiss Market Closes On Buoyant Note

The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.
RTTNews | 4h 5min ago
European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.
RTTNews | 4h 40min ago
U.S. Services Index Climbs To Six-Month High In August

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.
RTTNews | 7h 7min ago
U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.
RTTNews | 7h 25min ago
U.S. Trade Deficit Widens More Than Expected As Imports Spike

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.
RTTNews | 7h 55min ago
U.S. Jobless Claims Rise More Than Expected To Two-Month High

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.
RTTNews | 7h 59min ago