Swiss Market Ends On Buoyant Note

RTTNews | 86 dagar sedan
Swiss Market Ends On Buoyant Note

(RTTNews) - The Switzerland market started off on a flat note on Friday, but gained in strength as the day progressed with stocks from across several sectors finding good support.

Investors shrugged off concerns about geopolitical tensions and Trump's tariff threats for now, and chose to pick up stocks, tracking recent earnings updates.

The benchmark SMI closed up 140.52 points or 1.1% at 12,948.60, the day's high.

Nestle rallied 3.35%. Lindt & Spruengli and Adecco both gained about 2.8%. VAT Group climbed 1.81% and Novartis ended 1.54% up.

Sika gained 0.85% on good results. The company logged a year-over-year increase in net sales to 11.76 billion francs from 11.24 billion francs and a 17.4% jump in net profit to 1.25 billion francs. The company projects a 3% to 6% sales growth in local currencies for 2025.

Roche Holding, Givaudan, Swatch Group, Swisscom, Sika, Alcon, UBS Group and Logitech International gained 0.6 to 1.1%.

Straumann Holding ended down 1.51%. Sandoz Group, Holcim, SGS and Schindler Ps ended modestly lower.

The HCOB Eurozone Composite PMI at 50.2 in February of 2025, remaining unchanged from the previous month for a second consecutive period. The Eurozone manufacturing PMI rose to 47.3 in February from 46.6 in January, while services PMI fell to a three-month low of 50.7 in February, down from 51.3 in January.

read more
DAX Down Marginally In Cautious Trade

DAX Down Marginally In Cautious Trade

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 | 33 minuter sedan
China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
RTTNews | 2h 54minuter sedan
Thai Downgrades GDP Growth Outlook

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | 4h 28minuter sedan
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...
RTTNews | 5h 20minuter sedan