Swiss Market Halts Three-Day Winning Streak

RTTNews | 870 days ago
Swiss Market Halts Three-Day Winning Streak

(RTTNews) - The Swiss stock market on Wednesday ended the three-day winning streak in which it had advanced more than 190 points or 1.8 percent.

The SMI opened in the red, saw a brief rally midday but then sank bank to finish in negative territory.

The market was dragged into the red when Geneva-based Societe Generale de Surveillance (SGS SA) lost 95.91 percent of its value, with its stock price plummeting from CHF1,978.54 to CHF84.46.

For the day, the index slumped 33.31 points or 0.30 percent to finish at 11,231.99 after trading between 11,216.73 and 11,309.55.

Among other market components, Zurich tumbled 5.48 percent, while Swatch Group declined 4.00 percent, Credit Suisse soared 3.23 percent, ABB jumped 1.27 percent, Julius Bar Gruppe sank 0.68 percent, Roche Holding added 0.64 percent, UBS Group gained 0.42 percent, Swiss Life rose 0.17 percent and Novartis dipped 0.12 percent.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 5h 25min ago
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 8h 14min ago
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 8h 43min ago
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 11h 46min ago
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 12h 30min ago