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Swiss Market Ends On Weak Note
(RTTNews) - After a flat start and a subsequent modest upmove, the Switzerland market pared gains and drifted down into negative territory about an hour past noon and finally settled on a weak note.
A lack of fresh triggers, and uncertainty about U.S.-European Union trade deal rendered the mood cautious.
The benchmark SMI closed down 54.36 points or 0.44% at 12,165.27. The index, which advanced to 12,280.50 earlier in the session, dropped to a low of 12,144.64 in the final hour.
Novartis ended down 1.72%. Swiss Re, Nestle, Zurich Insurance, Roche Holding, Swiss Life Holding and Alcon lost 1 to 1.4%.
VAT Group climbed 2.62%, Sika, Straumann Holding and Swatch Group advanced 2.1 to 2.2%, while Kuehne + Nagel, Holcim, Geberit, Partners Group, ABB, UBS Group, Sonova and Richemont gained 1 to 1.4%.
In economic releases, data from the U.S. Labor Department showed the annual inflation in U.S. eased to 2.3% in April from 2.4% in March, below market expectations of 2.4%. The annual core inflation rate stood at 2.8%, unchanged from the previous month and in line with expectations.
Australian Market Extends Early Losses In Mid-market
Asian Markets Trade Mixed
Sensex, Nifty Seen Tad Higher At Open
Thai Stock Market Expected To Open In The Red Again On Monday
Indonesia Bourse May Turn Lower Again On Monday
Japanese Market Sharply Lower; Down 2%
No Help Yet For Hong Kong Stock Market
