Swiss Market Ends On Weak Note

RTTNews | 1045 dagar sedan
Swiss Market Ends On Weak Note

(RTTNews) - After swinging between gains and losses in cautious trade till noon, Swiss stocks slid gradually on Wednesday to finally end the session moderately lower.

Worries about rising inflation and slowing global growth rendered the mood bearish.

The benchmark SMI settled at 10,484.14, down 94.62 points or 0.89% from the previous close.

Lonza Group shares fell 4.4%. Geberit, Partners Group, Logitech, Alcon, Sonova and Richemont lost 2.2 to 2.8%.

Sika, Givaudan and Nestle also ended notably lower.

Zurich Insurance Group climbed more than 2%. Swiss Re gained 1.25%, while Swiss Life Holding, Credit Suisse, ABB and UBS Group posted modest gains.

In the Mid Price Index, Zur Rose plunged more than 10%. Tecan Group tumbled 6.1% and Bachem Holding ended nearly 6% down.

Straumann Holding, VAT Group, Temenos Group, Ems Chemie Holding, Schindler Ps and Schindler Holding lost 2.2 to 3.3%.

Flughafen Zurich surged nearly 2%. Baloise Holding and Helvetia gained 1.14% and 1.04%, respectively, while Julius Baer 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 | 8h 46minuter 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 | 11h 36minuter 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 | 12h 5minuter 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 | 15h 8minuter 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 | 15h 51minuter sedan