Swiss Market Ends Weak On Growth Worries

RTTNews | 703 days ago
Swiss Market Ends Weak On Growth Worries

(RTTNews) - Swiss stocks fell on Monday amid concerns about slowing growth and possibility of further monetary tightening by central banks.

The benchmark SMI ended with a loss of 107.11 points or 0.96% at 11,090.61.

Lonza Group plunged 14.7% on concerns about the group's medium-term earnings prospects after the company announced that its chief executive, Pierre-Alain Ruffieux, will leave by mutual agreement at the end of the month.

Sonova ended 2.4% down. Alcon, Swiss Life Holding, Sika, Richemont, Roche Holding, Partners Group and Geberit lost 1 to 1.75%. Givaudan ended nearly 1% down.

ABB and Kuehne & Nagel both ended lower by 0.75%. Nestle, Logitech and Swisscom posted marginal gains.

In the Mid Price Index, Meyer Burger Tech and Bachem Holding lost 4.6% and 4.2%, respectively. AMS ended 2.7% down, and Temenos Group closed lower by 2.3%.

Dufry, Julius Baer, Straumann Holding, Swatch Group, Baloise Holding and Flughafen Zurich also ended notably lower.

Barry Callebaut and Belimo Holding posted moderate gains.

read more
Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews | 7h 28min ago
European Stocks Close On Mixed Note Again

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.
RTTNews | 7h 44min ago
U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
RTTNews | 10h 27min ago
U.S. Existing Home Sales Unexpectedly Rebound In July

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
RTTNews | 10h 37min ago