Swiss Market Closes Modestly Higher

RTTNews | 1054 ngày trước
Swiss Market Closes Modestly Higher

(RTTNews) - The Switzerland stock market recovered after a weak start and stayed firm right through the session on Monday to eventually close modestly higher.

The mood was cautious with investors looking ahead to the Federal Reserve's policy announcement, due on Wednesday.

The benchmark SMI ended with a gain of 33.23 points or 0.3% at 11,129.35. The index, which dropped to 11,029.69 at the start, climbed to a high of 11,156.32 around noon.

Richemont climbed 1.87%, UBS Group gained 1.44% and Swiss Re ended 1.37% up. Swisscom gained nearly 1%, while Roche Holding, Zurich Insurance Group, Credit Suisse and Swiss Life Holding advanced 0.75 to 0.85%.

Logitech drifted down 2.4%, Lonza Group ended 2.18% down, Givaudan declined 1.65% and SGS shed about 1.55%. Sika, Geberit and Partners Group lost 0.8 to 1%.

In the Swiss Mid Price Index, Julius Baer rallied 2.18%, Galenica Sante gained 1.7%, Barry Callebaut ended nearly 1.5% up, and Cembra Money Bank gained about 1.25%.

Zur Rose, Lindt & Spruengli N, Lindt & Spruengli Part, Baloise Holding and Helvetia gained 0.75 to 1%.

Flughafen Zurich, Temenos Group, Bachem Holding and Kuehne & Nagel lost 2.5 to 3.3%. Straumann Holding, Sonova and Tecan Group ended lower by 2%, 1.8% and 1.4%, respectively.

read more
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | 41 phút trước
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | 1h 3phút trước
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | 2h 54phút trước
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 3h 9phút trước
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | 3h 50phút trước
Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Software major Adobe Inc. issued third-quarter outlook and raised its fiscal 2025 earnings and revenue targets after reporting higher second-quarter profit, above market estimates, amid strong growth in the adoption of AI-powered and creative solutions. Meanwhile, the shares were down nearly 2 in the extended trading on Thursday, and are currently losing in the pre-market activity on the NYSE.
RTTNews | 4h 27phút trước
Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Indian shares fell sharply on Friday, tracking weak cues from global markets after Israel launched strikes against Iran, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."
RTTNews | 4h 41phút trước
Eurozone Industrial Output Falls For First Time In Four Months

Eurozone Industrial Output Falls For First Time In Four Months

Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.
RTTNews | 5h 12phút trước