Swiss Market Ends On Positive Note

RTTNews | 568 дней спустя
Swiss Market Ends On Positive Note

(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.

read more
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | 1ч 7мин назад
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | 1ч 55мин назад
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | 3ч 3мин назад
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 4ч 10мин назад
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 4ч 19мин назад
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 4ч 20мин назад