Swiss Market Ends On Positive Note

RTTNews | 570 dias atrás

(RTTNews) - The Switzerland stock market ended on a positive note on Tuesday, bucking the weak trend in other markets in Europe. Still, the mood remained cautious once again, with investors looking ahead to the release of the minutes from the Federal Reserve's latest policy meeting.

The benchmark SMI ended with a modest gain of 41.96 points or 0.39% at 10,782.21. The index, which stayed a bit sluggish in the first hour, edged higher as the session progressed.

Sonova rallied 5.4% despite lowering its annual core profit forecast.

Nestle gained about 1.5% and Holcim ended 1.1% up. Novartis, Alcon and Givaudan ended higher by 0.8 to 1%. Swiss Re advanced 0.6%.

UBS Group and Lonza Group ended lower by 1.33% and 1.23%, respectively. Zurich Insurance Group, Swiss Life Holding, Richemont and Logitech International declined 0.5 to 0.7%.

Among the stocks in the Mid Price Index, Lindt & Spruengli advanced 1.11%. Straumann Holdings, Tecan Group and Galenica Sante gained 0.35 to 0.6%.

AMS tanked 10.3%. Meyer Burger Tech, BKW, Clariant, VAT Group, Swatch Group, Avolta and Belimo Holding ended lower by 1 to 2.4%.

Data from the Federal Customs Administration showed Switzerland's trade surplus dropped to CHF 3.4 billion in October from CHF 5.0 billion in September.

In real terms, exports fell 7.2% monthly in October, reversing a 3.8% rise in the previous month. The decline in imports deepened to 3.1% from 0.7%.

In nominal terms, both exports and imports slid by 10.7% and 4.9%, respectively.

According to the Federation of the Swiss Watch Industry, watch exports rose 5.1% year-on-year in October.

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.

RTTNews | 3 h 25 min atrás

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...

RTTNews | 3 h 47 min atrás

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.

RTTNews | 5 h 38 min atrás

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.

RTTNews | 5 h 53 min atrás

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.

RTTNews | 6 h 34 min atrás

Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Software major Adobe Inc. issued third-quarter outlook and raised its fiscal 2025 earnings and revenue targets after reporting higher second-quarter profit, above market estimates, amid strong growth in the adoption of AI-powered and creative solutions. Meanwhile, the shares were down nearly 2 in the extended trading on Thursday, and are currently losing in the pre-market activity on the NYSE.

RTTNews | 7 h 11 min atrás

Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Indian shares fell sharply on Friday, tracking weak cues from global markets after Israel launched strikes against Iran, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."

RTTNews | 7 h 25 min atrás

Eurozone Industrial Output Falls For First Time In Four Months

Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.

RTTNews | 7 h 56 min atrás

EURUSD	1.15402	GBPUSD	1.35755	AUDUSD	0.64992
USDJPY	144.178	USDCAD	1.35958	USDCHF	0.81203

Advertisement

Swiss Market Ends On Positive Note