Swiss Market Ends Modestly Higher After Lackluster Session

RTTNews | 694天前
Swiss Market Ends Modestly Higher After Lackluster Session

(RTTNews) - After swinging between gains and losses till noon, Swiss stocks gained in strength as the session progressed on Thursday and eventually ended modestly higher.

The benchmark SMI ended with a gain of 26.96 points or 0.25% at 10,783.15, after touching a low of 10,744.84 and a high of 10,834.55.

Kuehne & Nagel, Roche Holding and Richemont gained 1 to 1.4%. Lonza Group ended nearly 1% up.

Zurich Insurance Group, Partners Group, Sonova, Swiss Life Holding and Swiss Re posted modest gains.

Holcim ended down 1.3%, and Novartis closed lower by about 0.4%. UBS Group edged down marginally.

Among the stocks in the Mid Price Index, Meyer Burger Tech climbed nearly 4.5%. Sandoz, which made a weak debut on Wednesday, posted a gain of about 3.1% today.

BKW, SGS, Julius Baer, Swiss Prime Site, Helvetia, PSP Swiss Property, Tecan Group and Lindt & Spruengli gained 0.6 to 1.5%.

Clariant ended 1.86% down. Dufry, SIG Combibloc, Adecco, VAT Group and Swatch Group lost 0.6 to 1.3%.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 2小时48分钟前
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 5小时38分钟前
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 6小时6分钟前
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 9小时10分钟前
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 9小时53分钟前