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Swiss Market Ends Weak For 3rd Straight Day

RTTNews | 509 dagar sedan

Swiss Market Ends Weak For 3rd Straight Day

(RTTNews) - The Switzerland market ended modestly lower on Thursday after a choppy ride amid a lack of positive triggers. The recent inflation data from the U.S. has raised concerns that the Fed will keep interest rates higher for a longer period, and today, the ECB has maintained in its interest rates.

The benchmark SMI ended with a loss of 29.47 points or 0.26% at 11,465.74, declining for a third straight day. The index touched a high of 11,537.57 and a low of 11,427.48 in the session.

UBS Group dropped about 2.5%. Zurich Insurance Group, Swiss Re and Richemont lost 1 to 1.25%. Swiss Life Holding ended nearly 1% down.

Givaudan ended down by 0.65% despite posting higher first-quarter sales. ABB, Novartis and Swisscom ended modeslty lower.

Sika climbed 1.13%. Roche Holding, Sonova and Lonza Group gained 0.75 to 1%. Geberit, Nestle, Partners Group and Logitech International posted modest gains.

In the Mid Price Index, Meyer Burger Tech ended more than 8% down. Flughafen Zurich tumbled 4.2%. Swatch Group, SGS, Tecan Group and Avolta closed lower by 1 to 1.5%.

Clariant and Sandoz gained 2.82% and 2.59%, respectively. BKW gained 1.5% and Temenos Group advanced 1.3%. Barry Callebaut ended 0.88% up.

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Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | 3h 14minuter sedan

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

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RTTNews | 3h 20minuter sedan

European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | 3h 27minuter sedan

U.S. Construction Spending Unexpectedly Edges Lower In July

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A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | 5h 27minuter sedan

Domino's Launches Two New Delectable Bread Bites Flavors

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Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | 5h 39minuter sedan

U.S. Manufacturing Index Inches Up In Line With Estimates In August

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The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | 5h 42minuter sedan

FTSE 100 Slips As Yields Spike, Sterling Plunges

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The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | 6h 29minuter sedan

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | 7h 37minuter sedan

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