Swiss Market Ends On Firm Note

RTTNews | 872 gün önce
Swiss Market Ends On Firm Note

(RTTNews) - After a positive start and a subsequent fall that resulted in a brief spell in the red, the Switzerland stock market recovered and stayed firm to end moderately higher on Friday thanks to sustained buying at several top counters.

Despite uncertainty about interest rates and concerns about slowing growth, investors picked up frontline stocks amid optimism about earnings.

The benchmark SMI ended with a gain of 69.94 points or 0.61% at 11,460.58.

Alcon climbed 2.1% and Sonova surged 1.76%. Nestle and Roche Holding gained 1.36% and 1.24%, respectively. Novartis, Lonza Group and Givaudan also ended notably higher.

Geberit declined 1.55% and UBS Group drifted down 1.18%. Swiss Re and Credit Suisse also posted notable losses.

In the Mid Price Index, Tecan Group climbed 3.68%. Bachem Holding gained 2.4%, while Galenica Sante, PSP Swiss Property and Zur Rose gained 1.83%, 1.66% and 1.63%, respectively.

read more
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Wednesday, amid growing optimism about the outlook for interest rates after sharp downward revisions in U.S. jobs data and ahead of the release of the closely watched US inflation data later in the week. Currencies in the region also strengthened against the US dollar.
RTTNews | 31 dakika önce
China Falls Back Into Deflation; PPI Continues To Decline

China Falls Back Into Deflation; PPI Continues To Decline

China's consumer prices declined more than expected in August on weaker demand and producer prices continued to fall, strengthening calls for more actions to bolster domestic consumption amid slowing exports growth. The consumer price index dropped 0.4 percent from a year ago after remaining flat in July, the National Bureau of Statistics reported Wednesday. Prices were expected to fall 0.2 perc
RTTNews | 1s 22 dakika önce
European Economic News Preview: Italy Industrial Output Data

European Economic News Preview: Italy Industrial Output Data

Industrial production from Italy and Spain are the major economic reports due on Wednesday. At 2.00 am ET, Statistics Norway publishes consumer prices for August. In July, inflation advanced to 3.3 percent from 3.0 percent in June. At 3.00 am ET, Statistics Spain is set to issue industrial production data for July. Output had climbed 2.3 percent on a yearly basis in June.
RTTNews | 3s 47 dakika önce
Sensex, Nifty Up Firmly In Positive Territory; IT Stocks Shine Again

Sensex, Nifty Up Firmly In Positive Territory; IT Stocks Shine Again

Indian stocks are up firmly in positive territory Wednesday morning after a bright start, with technology and PSU bank stocks hogging the limelight. Expectations of more reductions in GST rates, and reports about prospects of trade talks between India and the U.S. contribute to the positive mood in the markets.
RTTNews | 3s 52 dakika önce
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending its early gains in mid-market moves on Wednesday after opening in the red, reversing some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 8,800 level, following the broadly positive cues from Wall Street overnight, with gains in financial and technology stocks partially offset by weakness in mining and energy stocks.
RTTNews | 5s 51 dakika önce