Swiss Market Ends On Upbeat Note

RTTNews | 56 dias atrás
Swiss Market Ends On Upbeat Note

(RTTNews) - Swiss stocks closed on an upbeat note on Monday with investors reacting to an announcement from the White House that tariffs on imports of Chinese-made smartphones and some other electronics devices would not apply.

However, the rollback may end up being short-lived as President Donald Trump said these goods were simply being moved into a different tariff group or "bucket".

The benchmark SMI settled with a strong gain of 259.63 points or 2.31% at 11,499.46. The index touched a high of 11,552.98.

Logitech International climbed 6.6%. VAT Group, Partners Group, Roche Holding, Adecco and Novartis gained 3 to 3.5%.

Sandoz Group shares climbed nearly 3.5% after the company filed an antitrust lawsuit in the US against biotechnology company Amgen, accusing the latter of blocking competition from cost-effective biosimilar competitors for its Enbrel drug, including the Swiss pharmaceutical company's Erelzi, by using patent rights

UBS Group gained nearly 3%. SIG Group, Swiss Re and ABB climbed about 2.8%. Holcim, Kuehne + Nagel, Alcon and Sika closed higher by 2.4 to 2.6%.

Zurich Insurance, Straumann Holding, Swatch Group, Geberit, Swiss Life Holding, Lindt & Spruengli, Sonova, Schindler Ps, Lonza Group, Swisscom and Nestle also posted strong gains.

Clariant surged 3.75% on reports the specialty chemicals group is in talks with investment banks to explore strategies that could better align its valuation with business performance.

In economic news, Switzerland's producer and import prices continued to decline in March, though slightly, data from the Federal Statistical Office showed.

Producer and import prices dropped 0.1% year-on-year in March, the same pace as in the previous month. The price index has been falling since May 2023.

The producer price index showed an increase of 0.3%, while import prices dropped by 0.9%.

On a monthly basis, producer and import prices rose 0.1% in March after rising 0.3% in the prior month. The expected increase was 0.2%.

read more
Canadian Market Up Marginally In Cautious Trade

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.
RTTNews | 3 h 15 min atrás
European Stocks Close Weak After Cautious Session

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.
RTTNews | 3 h 43 min atrás
FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.
RTTNews | 7 h 29 min atrás
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.
RTTNews | 9 h 22 min atrás
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | 10 h 33 min atrás
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | 10 h 54 min atrás
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | 11 h 15 min atrás