Swiss Markets Ends On Buoyant Note

RTTNews | 63 dagar sedan
Swiss Markets Ends On Buoyant Note

(RTTNews) - The Switzerland market closed on a buoyant note on Tuesday, tracking positive global cues, amid expectations the U.S. President Donald Trump will soften his tariff stance.

Trump has reaffirmed Washington's new tariff policy but signaled his willingness to engage in dialogue with countries seeking more favorable trade terms.

"There could be permanent tariffs and there could also be negotiations... we're going to get fair deals and good deals with every country — and if we don't, we're going to have nothing to do with them," Trump said during a meeting with Israeli Prime Minister Benjamin Netanyahu.

However, there is still some uncertainty about any major shift in Trump's stance, as he has rejected the European Commission's offer proposing removal of tariffs on industrial goods as part of trade talks.

The benchmark SMI closed with a strong gain of 311.64 points or 2.82% at 11,359.12, despite coming off the day's high of 11,507.87.

Lonza Group climbed 7.62% after the company's Chief Financial Officer Philippe Deecke reportedly reassured analysts in a call that the pharmaceutical manufacturer is "well protected" from potential US tariffs on the pharma sector due to its business model and global infrastructure.

Swiss Re rallied 5.78%. Sandoz Group gained nearly 5%, while Zurich Insurance Group, Richemont, Alcon, Swiss Life Holding, ABB and VAT Group ended higher by 4 to 4.3%.

Straumann Holding, Holcim, Kuehne + Nagel, Sika, Partners Group, Julius Baer, Swatch Group, Geberit, Sonova, Logitech International, Lindt & Spruengli, Adecco, UBS Group and Nestle settled higher by 2 to 4%.

read more
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | 1h 8minuter sedan
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | 1h 55minuter sedan
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | 3h 4minuter sedan
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 4h 10minuter sedan
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 4h 19minuter sedan
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 4h 21minuter sedan