Swiss Market Ends On Bright Note

RTTNews | 957 дней спустя

(RTTNews) - The Switzerland market ended on a strong note on Friday, as data showing an acceleration in Swiss retail sales, and bargain hunting lifted stock prices.

The positive trend in markets across Europe helped as well.

The benchmark SMI ended with a gain of 140.56 points or 1.39% at 10,267.55, slightly off the day's high of 10,275.86.

Alcon rallied nearly 5%. Sika, Geberit, Credit Suisse, Sonova, Lonza Group and Partners Group gained 3.7 to 4%.

Givaudan surged 2.84%. Holcim, Logitech, Swiss Life Holding, ABB and Richemont advanced 1.4 to 2.5%.

In the Mid Price Index, Clariant surged 7.07% and Bachem Holding climbed nearly 7%.

Straumann Holding, Tecan Group, Belimo Holding, Zur Rose, Temenos Group and AMS gained 4.75 to 6.8%.

Ems Chemie Holding, SIG Combibloc, Adecco, Swiss Prime Site, Julius Baer and Lindt & Spruengli also moved up sharply.

Data from the Federal Statistical Office showed that annual retail sales growth accelerated to 5.4% in August from 4.9% in July. This was the third successive monthly rise.

On a monthly basis, retail sales rose 1.5% in August versus 0.2% in July.

Meanwhile, a measure signaling future turning points in the Swiss economy increased unexpectedly in September, though marginally, results of a survey by the KOF Swiss Economic Institute showed.

The economic barometer remained almost unchanged in September, rising 0.3 points from August to 93.8. Economists had forecast the index to fall notably to 84.5.

With the barometer weakening in recent months, Swiss economic activity is expected to cool at the end of 2022, the KOF said.

European Economic News Preview: UK GDP & Foreign Trade Data Due

First quarterly GDP estimates and foreign trade from the UK and flash GDP and employment from the euro area are the major reports due on Thursday. At 2.00 am ET, the Office for National Statistics publishes UK GDP, industrial output and foreign trade figures. The economy is expected to remain flat on month in March after expanding 0.5 percent in February.

RTTNews | 29 минут назад

Australian Market Turns To Modest Gains In Mid-market

The Australian market is turning its early losses to modest gains in mid-market on Thursday, after being in the red most of the morning session, extending the gains in the previous six sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,300 level, with gains in financial and technology stocks nearly offset by weakness in mining stocks.

RTTNews | 1ч 50мин назад

Indian Market Likely To Open On Cautious Note

Subdued GIFT Nifty, weak Asian stocks and the overnight mixed close on Wall Street point to a slightly negative start for Indian shares Thursday morning. Investors are likely to react to a slew of quarterly earnings announcements.

RTTNews | 1ч 57мин назад

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious amid continued uncertainty surrounding US President Donald Trump's trade policies, despite reaching trade deals between the U.S. and China as well as the U.S. and the U.K. Asian Markets closed mostly higher on Wednesday.

RTTNews | 2ч 1мин назад

Mild Upside Seen For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last six trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,215-point plateau and it's poised to inch higher again on Thursday.

RTTNews | 3ч 16мин назад

Japanese Market Significantly Lower

The Japanese market is trading significantly lower on Thursday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 37,800 level, with weakness across most sectors led by index heavyweights, automakers and technology stocks.

RTTNews | 3ч 37мин назад

Indonesia Bourse May Test Resistance At 7,000 Points

The Indonesia stock market has finished higher in two straight sessions, improving more than 150 points or 2.2 percent in that span. The Jakarta Composite Index now rests just beneath the 6,980-point plateau although investors may lock in gains on Thursday.

RTTNews | 3ч 46мин назад

Oversold Hang Seng Nonetheless Called Higher Again

The Hong Kong stock market bounced higher again on Wednesday, one day after snapping the eight-day winning streak in which it had surged almost 1,600 points or 7.1 percent. The Hang Seng Index now sits just above the 23,640-point plateau although it may tick higher again on Thursday.

RTTNews | 4ч 1мин назад

EURUSD	1.1195	GBPUSD	1.32766	AUDUSD	0.64306
USDJPY	145.991	USDCAD	1.39719	USDCHF	0.84002

Advertisement

Swiss Market Ends On Bright Note