Swiss Market Ends Marginally Down

RTTNews | 786 dagar sedan
Swiss Market Ends Marginally Down

(RTTNews) - The Switzerland stock market ended weak on Wednesday, in line with markets across Europe, as worries about growth amid rising interest rates continued to weigh on sentiment.

The benchmark SMI, which stayed in negative territory right through the day's session, ended with a loss of 23.42 points or 0.21% at 11,193.92, after moving between 11,159.50 and 11,214.91.

Geberit declined 1.71% and UBS Group ended 1.43% down, while Swiss Re, Zurich Insurance Group, Kuehne & Nagel and Givaudan lost 1 to 1.12%.

Richemont, Swiss Life Holding, Sonova and ABB ended lower by 0.4 to 1%.

Roche Holding gained 0.75%. Swisscom and Novartis ended marginally up.

In the Mid Price Index, AMS plunged 13.3%. Meyer Burger Tech ended nearly 4% down, while Bachem Holding, DocMorris, Temenos Group, VAT Group, Lindt & Spruengli, Swatch Group, SGS, Adecco and Straumann Holding lost 1.3 to 2.1%.

Schindler Ps, Dufry and Swiss Prime Site edged up marginally.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 1h 24minuter sedan
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 | 4h 14minuter sedan
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 | 4h 42minuter sedan
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 | 7h 46minuter sedan
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 | 8h 29minuter sedan
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 | 8h 59minuter sedan