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Swiss Market Ends Slightly Lower After Choppy Ride

RTTNews | 987 gün önce

Swiss Market Ends Slightly Lower After Choppy Ride

(RTTNews) - The Switzerland stock market ended slightly down after a choppy ride on Tuesday with investors largely refraining from making significant moves.

The benchmark SMI, which climbed to 11,104.84 around mid morning after a weak start, slipped into the red soon, and struggled to move higher till around late afternoon. It eventually ended the session at 11,04.30, recording a loss of 10.74 points or 0.1%.

Credit Suisse shed nearly 2.5%. Lonza Group ended 1.44% down, while Swisscom, Sika, Roche Holding and Partners Group ended lower by 0.7 to 1.2%. UBS Group, Richemont and Givaudan posted modest losses.

Alcon climbed 1.2%. Novartis ended 0.71% up, while ABB, Zurich Insurance Group, Holcim and Geberit gained 0.3 to 0.5%.

In the Mid Price Index, AMS ended lower by 2.5%. Zur Rose, VAT Group, SGS and Swatch Group shed 0.6 to 0.8%.

SIG Combibloc, Julius Baer and Kuehne & Nagel gained 1.3 to 1.8%. Schindler Holding, Lindt & Spruengli, Helvetia, Baloise Holding and Barry Callebaut also closed on firm note.

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U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.

RTTNews | 1s 9 dakika önce

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | 1s 55 dakika önce

U.S. Trade Deficit Narrows Slightly More Than Expected In June

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | 2s 59 dakika önce

Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 3s 2 dakika önce

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 3s 13 dakika önce

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 3s 42 dakika önce

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | 3s 53 dakika önce

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | 4s 13 dakika önce

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