Swiss Market Ends Slightly Up

RTTNews | 85 дней спустя
Swiss Market Ends Slightly Up

(RTTNews) - Despite spending much of the day's session in positive territory, the Switzerland market closed just marginally up on Monday, as stocks pared gains past noon and even fell into negative territory in the final hour.

Investors digested Swiss employment data, and the results of German general election.

According to a report from Swiss Federal Statistical Office, Switzerland's non-farm payrolls increased by 0.9% year-on-year to a fresh record high of 5.534 million in the fourth quarter of 2024, following a 1.2% gain in the previous three-month period.

In the German federal election, the Christian Democratic Union of Germany (CDU), led by Friedrich Merz, emerged victorious.

The CDU is reportedly negotiating to form a coalition government with Social Democratic Party (SPD), which could lead to pro-growth policies and reforms.

The benchmark SMI ended with a small gain of 4.57 points or 0.04% at 12,953.17. The index, which climbed to 13,016.64, dropped to a low of 12,899.81 in late afternoon trade.

Nestle gained 3.15%. Swatch Group climbed 2.74% and Givaudan ended nearly 2% up. Kuehne + Nagel, Lindt & Spruengli and Zurich Insurance Group ended higher by 1.45%, 1.35% and 1.07%, respectively.

Adecco, Swisscom, Swiss Life Holding and SIG Group gained 0.5 to 0.9%.

ABB ended down 4.7% and Straumann Holding lost 4.29%. Partners Group closed lower by 3.83%, while VAT Group and Sika ended down 2.29% and 2.27%, respectively.

Holcim, Richemont, Schindler Ps, Alcon, UBS Group and Geberit also ended notably lower.

Shares of Belimo Holding tumbled nearly 8% on weak sales guidance.

read more
TSX Extends Gains To 10th Straight Session, Hits New Record High

TSX Extends Gains To 10th Straight Session, Hits New Record High

Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns. Investors are also digesting a report showing a drop in Canada's annual inflation rate.
RTTNews | 33 минут назад
Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile electrification due to the recent market slowdown. Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business.
RTTNews | 1ч 33мин назад
U.S. Dollar Slides Amid U.S. Tariff Uncertainty

U.S. Dollar Slides Amid U.S. Tariff Uncertainty

The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.
RTTNews | 4ч 29мин назад
Home Depot Q1 Profit Misses Market, But Sales Beat; Backs Outlook; Stock Up

Home Depot Q1 Profit Misses Market, But Sales Beat; Backs Outlook; Stock Up

Home Depot Inc. reported Tuesday weak first-quarter profit below market estimates, while sales grew from last year and beat the Street view with slightly higher comparable sales in the U.S. Further, the home improvement retailer maintained its fiscal 2025 guidance, expecting weak earnings, but higher sales and comparable sales. In the pre-market activity on the NYSE, Home Depot shares were gaining
RTTNews | 5ч 36мин назад
CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French market is modestly higher in cautious trade on Tuesday with investors closely following the developments on the geopolitical front. Tensions between Russia and Ukraine linger despite an announcement from U.S. President Donald Trump that the two nations would soon begin ceasefire negotiations.
RTTNews | 5ч 49мин назад
U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the European session on Tuesday.
RTTNews | 5ч 54мин назад