Swiss Market Ends Weak After Another Lackluster Session

RTTNews | Pred 1116 dňami
Swiss Market Ends Weak After Another Lackluster Session

(RTTNews) - After a weak start and a subsequent recovery that resulted in a very brief stay in positive territory, the Switzerland stock market languished in the red on Tuesday to eventually close modestly lower.

The mood was cautious with investors digesting earnings updates and geopolitical news, and looking ahead to U.S. inflation data, due on Wednesday.

The benchmark SMI, which touched a high of 11,177.37 and a low of 11,100.66 in the session, settled at 11,132.48, recording a loss of 33.84 points or 0.3%.

Logitech drifted down more than 5%. Sika ended 4.6% down, Partners Group closed lower by 3.6% and Credit Suisse ended with a loss of 3.39%.

Geberit and Richemont fell 2.95% and 2.79%, respectively. Givaudan, UBS Group and ABB shed 1.4 to 1.72%.

Novartis, Swisscom and Zurich Insurance Group gained 1.1 to 1.2%. Roche Holding and Swiss Re advanced 0.79% and 0.62%, respectively.

In the Mid Price Index, Zur Rose plunged nearly 14%. VAT Group ended 7.78% down and AMS drifted down nearly 7%. Georg Fischer, Straumann Holding, Temenos Group and Clariant lost 3 to 3.7%.

Dufry rallied more than 4% after the company said it posted a 146% rise in turnover to CHF 2.92 billion in the six months to June 2022. The company said it saw strong sales momentum continue in July despite the soaring inflation.

Flughafen Zurich, Baloise Holding, Helvetia and Swiss Prime Site gained 0.75 to 1.2%.

read more
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | Pred 1 h 58 min
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | Pred 2 h 26 min
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | Pred 5 h 30 min
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | Pred 6 h 13 min
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | Pred 6 h 43 min