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Swiss Market Ends On Bright Note

RTTNews | Pred 77 dňami

Swiss Market Ends On Bright Note

(RTTNews) - The Switzerland market started off on a sluggish note on Monday amid tariff concerns, but gained in strength as the day progressed as investors picked up stocks from across several sectors.

Data showing a notable improvement in Switzerland's manufacturing activity in the month of Februry aided sentiment.

The benchmark SMI ended with a gain of 162.20 points or 1.25% at 13,166.68, after hitting a high of 13,199.05 intraday.

Partners Group rallied about 4.3%. VAT Group climbed nearly 3.5% and Kuehne + Nagel gained 3.4%.

Swiss Re ended nearly 2% up. Julius Baer and Nestle both ended higher by about 1.7%.

Roche gained about 1.2%. The company reported positive results from its last-state OutMatch study, which demonstrated that its Xolair drug surpassed multi-allergen oral immunotheraphy in terms of effectiveness in the second and third stages of the trial.

Lonza Group, Swiss Life Holding, Sika, Novartis, Logitech International, Straumann Holding, UBS Group, Alcon and Zurich Insurance gained 1 to 1.6%.

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U.S. Leading Economic Index Slumps More Than Expected In April

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The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators slumped by more than expected in the month of April. The report said the leading economic index tumbled by 1.0 percent in April after sliding by a downwardly revised 0.8 percent in March.

RTTNews | Pred 34 minútami

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RTTNews | Pred 1 h 41 min

Dollar Index Extends Gains On Trade Deal Optimism

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Rising optimism surrounding trade deals between the U.S. and its trading partners, and in particular the significant easing in trade tensions between the U.S. and China bolstered the U.S. dollar during the week ended May 16.

RTTNews | Pred 3 h 7 min

FTSE 100 Drifts Lower In Cautious Trade

FTSE 100 Drifts Lower In Cautious Trade

U.K. stocks are down in negative territory, losing ground after making a good upmove in the previous week. Investors, awaiting the outcome of a UK - European Union summit in London, are largely making cautious moves.

RTTNews | Pred 3 h 43 min

CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement

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French stocks are down in negative territory on Monday, retreating from a one-month high recorded in the previous session, as investors make cautious moves amid some concerns about global growth following a downward revision in U.S. credit rating.

RTTNews | Pred 4 h 26 min

Sensex Drops 271 Points In Muted Session; Nifty Ends Below 24,950

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Indian shares fell modestly on Monday, with IT stocks leading losses after Moody's downgraded the U.S. credit rating by one notch to Aa1 from Aaa, citing rising levels of government debt and interest payments.

RTTNews | Pred 4 h 32 min

DAX Down Marginally In Cautious Trade

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German stocks are exhibiting weakness on Monday in cautious trade after recent gains. Investors are assessing possible risks to global economic growth due to geopolitical tensions and tariff uncertainty, as well as a downgrade in U.S. sovereign debt.

RTTNews | Pred 4 h 51 min

European Shares Edge Lower On US Debt Concerns

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European stocks traded lower on Monday as investors reacted to Moody's downgrade of U.S. credit rating and mixed economic data from China.

RTTNews | Pred 5 h 35 min

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