Swiss Market Ends On Positive Note

RTTNews | 567 ngày trước

(RTTNews) - The Switzerland stock market ended on a positive note on Tuesday, bucking the weak trend in other markets in Europe. Still, the mood remained cautious once again, with investors looking ahead to the release of the minutes from the Federal Reserve's latest policy meeting.

The benchmark SMI ended with a modest gain of 41.96 points or 0.39% at 10,782.21. The index, which stayed a bit sluggish in the first hour, edged higher as the session progressed.

Sonova rallied 5.4% despite lowering its annual core profit forecast.

Nestle gained about 1.5% and Holcim ended 1.1% up. Novartis, Alcon and Givaudan ended higher by 0.8 to 1%. Swiss Re advanced 0.6%.

UBS Group and Lonza Group ended lower by 1.33% and 1.23%, respectively. Zurich Insurance Group, Swiss Life Holding, Richemont and Logitech International declined 0.5 to 0.7%.

Among the stocks in the Mid Price Index, Lindt & Spruengli advanced 1.11%. Straumann Holdings, Tecan Group and Galenica Sante gained 0.35 to 0.6%.

AMS tanked 10.3%. Meyer Burger Tech, BKW, Clariant, VAT Group, Swatch Group, Avolta and Belimo Holding ended lower by 1 to 2.4%.

Data from the Federal Customs Administration showed Switzerland's trade surplus dropped to CHF 3.4 billion in October from CHF 5.0 billion in September.

In real terms, exports fell 7.2% monthly in October, reversing a 3.8% rise in the previous month. The decline in imports deepened to 3.1% from 0.7%.

In nominal terms, both exports and imports slid by 10.7% and 4.9%, respectively.

According to the Federation of the Swiss Watch Industry, watch exports rose 5.1% year-on-year in October.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 17 phút trước

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | 23 phút trước

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 1h 4phút trước

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | 2h 29phút trước

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | 2h 45phút trước

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 3h 52phút trước

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | 4h 28phút trước

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | 7h 23phút trước

EURUSD	1.14221	GBPUSD	1.34984	AUDUSD	0.65209
USDJPY	144.9	USDCAD	1.36753	USDCHF	0.82276

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Swiss Market Ends On Positive Note