Swiss Market Ends On Buoyant Note On All-round Buying

RTTNews | Pred 959 dňami
Swiss Market Ends On Buoyant Note On All-round Buying

(RTTNews) - The Switzerland stock market ended on a buoyant note on Wednesday, in line with markets across Europe, due largely on bargain hunting after recent losses.

Investors also shifted their focus to earnings, choosing to ignore concerns about inflation and interest rates for now.

The benchmark SMI ended with a gain of 186.40 points or 1.75% at 10,845.59, the day's high.

All the components of SMI closed in positive territory.

Logitech rallied 5.55%. UBS Group, Alcon, Credit Suisse, Lonza Group, Swiss Re, Partners Group, Sika and Richemont gained 2.5% to 4%.

Holcim, Zurich Insurance Group and Geberit ended higher by about 2.1%. Sonova, Givaudan, Swiss Life Holding, Novartis and Nestle also ended with strong gains.

In the Mid Price Index, AMS surged nearly 5%. Swatch Group, Adecco, Bachem Holding, Straumann Holding, Tecan Group, Lindt & Spruengli, Georg Fischer, SIG Combibloc, VAT Group, Helvetia, Baloise Holding, Clariant and Kuehne & Nagel ended higher by 2 to 3%.

read more
Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk appetite by the investors, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the U.S. Fed cutting interest rates as early as September based on the recent economic data from the U.S.
RTTNews | Pred 1 h 18 min
China Exports Growth Accelerates; Imports Rise Unexpectedly

China Exports Growth Accelerates; Imports Rise Unexpectedly

China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
RTTNews | Pred 1 h 51 min
UK House Prices Rise At Fastest Pace In 6 Months

UK House Prices Rise At Fastest Pace In 6 Months

UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
RTTNews | Pred 2 h 31 min
German Exports Recover In June

German Exports Recover In June

Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
RTTNews | Pred 3 h 2 min