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Swiss Market Ends Notably Lower

RTTNews | 1017 gün önce

Swiss Market Ends Notably Lower

(RTTNews) - The Switzerland stock market ended weak on Wednesday, in line with the trend across Europe, as worries about geopolitical tensions and rising inflation in the Euro area rendered the mood bearish.

The benchmark SMI ended with a loss of 89.60 points or 0.81% at 10,936.62.

Partners Group drifted down 5.73%. Sika, Geberit, Credit Suisse and Logitech ended lower by 3.66% to 3.95%.

Lonza Group and Givaudan lost about 3% and 2.8%, respectively. ABB, Richemont, Sonova, Holcim, Swiss Re and UBS Group shed 1 to 2%.

Alcon rallied more than 5%. Zurich Insurance Group gained 2.05% after announcing more ambitious financial targets for the next three years. Nestle ended modestly higher.

In the Mid Price Index, AMS lost more than 6%. VAT Group, Zur Rose, Schindler Holding, Temenos Group, Bachem Holding and SGS lost 4 to 5.2%.

Schindler Ps, Ems Chemie Holding, SIG Combibloc, Georg Fischer and Straumann Holding also declined sharply.

Lindt & Spruengli, Barry Callebaut and Tecan Group gained 0.5 to 0.82%.

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U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 2s 2 dakika önce

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 | 2s 20 dakika önce

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 | 3s 4 dakika önce

German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 3s 33 dakika önce

U.S. PCE Price Index Increased In Line With Estimates In July

U.S. PCE Price Index Increased 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.

RTTNews | 3s 46 dakika önce

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | 4s 2 dakika önce

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | 4s 40 dakika önce

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 4s 47 dakika önce

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