Swiss Market Ends On Bright Note

RTTNews | 569 dagar sedan
Swiss Market Ends On Bright Note

(RTTNews) - The Switzerland stock market ended on a bright note on Friday, after staying firm right through the day's session amid optimism global central banks will likely stop hiking rates and might even consider rate cuts next year.

Data showing sharp jump in Swiss industrial production in the third quarter aided sentiment.

The benchmark SMI, which climbed to 10,763.96 around late morning, ended the day's session with a gain of 94.30 points or 0.89% at 10,737.37.

Among SMI components, only Kuehne & Nagel and Swisscom failed to make it to positive territory today. The two stocks edged down marginally.

UBS Group rallied nearly 3%. Richemont climbed 2.41%. Zurich Insurance Group, Partners Group, Swiss Life Holding, Geberit and Novartis gained 1 to 1.6%.

Swiss Re and Sonova both gained nearly 1%. ABB and Lonza Group gained 0.54% and 0.48%, respectively.

In the Mid Price Index, Tecan Group surged nearly 4%. Avolta gained about 2.4% and Adecco advanced 1.85%.

Georg Fischer, Straumann Holding, Temenos Group, Schindler Holding and Belimo Holding ended higher by 1 to 1.5%.

Meyer Burger Tech ended down 1.86%, and Sandoz drifted down 1.28%. Lindt & Spruengli closed nearly 0.5% down.

Data from the Federal Statistical Office showed industrial production in Switzerland increased 2% year-on-year in the third quarter of 2023, rebounding from a downwardly revised 0.7% fall in the previous quarter.

read more
Yen Rises After Japan GDP Data

Yen Rises After Japan GDP Data

The Japanese yen strengthened against other major currencies in the Asian session on Monday, after data showed that an upward revision to Japan's first quarter GDP supporting the interest rate hike expectations.
RTTNews | 1h 29minuter sedan
China Consumer Prices Fall For Fourth Month; Exports Rise

China Consumer Prices Fall For Fourth Month; Exports Rise

China's consumer prices declined for the fourth consecutive month and the decline in producer prices worsened in May, deepening deflation worries among policymakers as domestic demand remained weak despite taking enormous measures to boost consumption. Another report showed an increase in exports in May despite a sharp decline in shipments to the US due to trade tariff uncertainties.
RTTNews | 2h 2minuter sedan
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Monday.
RTTNews | 2h 32minuter sedan
Australian Dollar Rises As Traders Focus On US-China Trade Talks

Australian Dollar Rises As Traders Focus On US-China Trade Talks

The Australian dollar strengthened against other major currencies in the Asian session on Monday, as traders will be closely watching the US-China trade discussions because they will impact the next move in the Australian Dollar (AUD).
RTTNews | 3h 0minuter sedan
European Shares Likely To Open On Soft Note

European Shares Likely To Open On Soft Note

European stocks are seen opening broadly lower on Monday as investors react to Trump-Elon Musk feud over the president's tax-and-spending plan and await the high-level U.S.-China trade talks.
RTTNews | 3h 29minuter sedan
Sensex, Nifty Open Higher On Strong US Jobs Data

Sensex, Nifty Open Higher On Strong US Jobs Data

Indian shares traded higher on Monday, with underlying sentiment supported by firm cues from global markets after the release of better-than-expected monthly jobs report from the U.S.
RTTNews | 4h 57minuter sedan