Swiss Market Ends On Buoyant Note; Lonza Group Soars On Higher Sales

RTTNews | 580 ngày trước
Swiss Market Ends On Buoyant Note; Lonza Group Soars On Higher Sales

(RTTNews) - The Switzerland market ended on a buoyant note on Friday, tracking positive cues from other markets in Europe, thanks to a batch of encouraging data and signs of cooling inflation.

The benchmark SMI ended with a strong gain of 181.11 points or 1.62% at 11,390.13. The index scaled a low of 11,239.14 and a high of 11,421.24 intraday.

Lonza Group soared 14.4%. The company reported sales of CHF 6,717 million for the year 2023, compared to CHF 6,223 million in the previous year. Net income for the full-year was CHF 654 million compared to CHF 1,215 million a year ago, the company sid.

Richemont surged 6.2%, while Nestle and Roche Holding ended higher by 2.4% and 2.25%, respectively. Sika climbed 1.77%.

Givaudan, Swisscom and Geberit gained 1.28%, 1.16% and 1%, respectively. Sonova, Swiss Life Holding and ABB posted moderate gains.

Logitech International and Novartis closed modestly lower, while Holcim edged down marginally.

In the Mid Price Index, SGS zoomed more than 9%. Tecan Group surged 5.4%, Meyer Burger Tech gained 4.26% and Julius Baer climbed 3.58%.

Barry Callebaut and Swatch Group gained 3.2% each, Ems Chemie Holding, Straumann Holding, Belimo Holding and Adecco gained 2 to 3.25%, while Clariant and SIG Combibloc advaned 1.53% and 1.46%, respectively.

ams OSRAM AG, BKW and VAT Group lost 1.14 to 1.33%.

read more
U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | 3h 9phút trước
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 3h 20phút trước
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | 3h 42phút trước
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | 3h 48phút trước
Switzerland Logs Weaker Growth, Trims 2026 Outlook

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
RTTNews | 4h 54phút trước