Swiss Market Ends Marginally Down After Choppy Session

RTTNews | Pred 653 dňami
Swiss Market Ends Marginally Down After Choppy Session

(RTTNews) - The Switzerland stock market ended marginally down on Wednesday after a choppy session. Worries about inflation and slowing economic growth weighed on sentiment.

The benchmark SMI ended with a loss of 16.02 points or 0.14% at 11,090.22. The index once again moved in a very tight band. It touched a low of 11,068.00 and a high of 11,130.25 in the session.

Novartis and Nestle lost 0.71% and 0.6%, respectively. Swiss Life Holding and Logitech, both ended nearly 0.5% down.

Givaudan, Lonza Group and Sonova gained 0.65% to 0.7%. Geberit, UBS Group, Roche Holding and Swisscom posted modest gains.

In the Mid Price Index, Meyer Burger Tech dropped 4.7%. AMS drifted down 1.8%, while Schindler Holding and Georg Fischer ended lower by 0.8% and 0.7%, respectively.

Tecan Group, Clariant, Adecco, Bachem Holding, Flughafen Zurich, DocMorris, SIG Combibloc and Ems Chemie Holding gained 0.5 to 1%.

According to a report from the Swiss Economic Institute, Switzerland's leading KOF economic barometer fell to 91.1 in August 2023 from a downwardly revised 92.1 in the previous month.

A report from Credit Suisse & CFA Society Switzerland showed, the Swiss investors' sentiment dropped by 6 points from the prior month to reach a five-month low of -38.6 in August of 2023, marking the 18th consecutive negative reading. At the same time, the current conditions index sank by 16.6 points to +13.6.

read more
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | Pred 1 h 21 min
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | Pred 1 h 44 min
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | Pred 3 h 35 min
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | Pred 3 h 50 min
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | Pred 4 h 31 min
Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Software major Adobe Inc. issued third-quarter outlook and raised its fiscal 2025 earnings and revenue targets after reporting higher second-quarter profit, above market estimates, amid strong growth in the adoption of AI-powered and creative solutions. Meanwhile, the shares were down nearly 2 in the extended trading on Thursday, and are currently losing in the pre-market activity on the NYSE.
RTTNews | Pred 5 h 8 min
Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Indian shares fell sharply on Friday, tracking weak cues from global markets after Israel launched strikes against Iran, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."
RTTNews | Pred 5 h 22 min
Eurozone Industrial Output Falls For First Time In Four Months

Eurozone Industrial Output Falls For First Time In Four Months

Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.
RTTNews | Pred 5 h 53 min