Swiss Market Ends On Firm Note For 2nd Straight Day

RTTNews | 688天前
Swiss Market Ends On Firm Note For 2nd Straight Day

(RTTNews) - The Switzerland stock market ended on a strong note on Friday amid optimism about the outlook for Chinese economy after encouraging retail sales and industrial sales data, and expectations that most central banks are nearing the end of rate-hiking cycle.

The benchmark SMI ended with a gain of 99.40 points or 0.9% at 11,197.72, after scaling a low of 11,182.55 and a high of 11,244.12 intraday.

Richemont climbed 2.87%. Logitech and Sika both ended higher by about 2.1%. Lonza Group, Geberit and Alcon gained 1.66%, 1.42% and 1.37%, respectively.

Novartis, Sonova, Holcim, Swiss Re, Givaudan and ABB ended higher by 0.8 to 1.2%.

UBS Group, down 0.26%, was the only loser in the SMI index.

In the Mid Price Index, SIG Combibloc gained 2.37%. Swatch Group, Galenica Sante, Adecco, Clariant, Julius Baer and Ems Chemie Holding ended higher by 1 to 1.6%.

Meyer Burger Tech ended 3.4% down. VAT Group closed lower by 1.85%. Barry Callebaut, Temenos Group and DocMorris lost 1 to 1.1%.

read more
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Monday.
RTTNews | 17分钟前
European Economic News Preview: Eurozone Sentix Investor Confidence Due

European Economic News Preview: Eurozone Sentix Investor Confidence Due

Investor confidence from the euro area and unemployment from Spain are the top economic news due on Monday. At 2.30 am ET, the Federal Statistical Office publishes Swiss inflation data for July. Economists forecast consumer prices to rise 0.1 percent year-on-year, the same rate of increase as seen in June.
RTTNews | 1小时11分钟前
European Shares Seen Tad Higher At Open

European Shares Seen Tad Higher At Open

European stocks may open on a positive note Monday as investors keep an eye on the latest batch of earnings and watch further developments on the tariff front.
RTTNews | 1小时29分钟前
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in choppy mid-market trading on Monday, also adding to the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
RTTNews | 3小时26分钟前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the negative cues from Wall Street on Friday, amid concerns about the economic impact of US President Donald Trump's unilateral "reciprocal tariffs" and aggressive trade stance on the global economy. However, the weaker than expected US monthly jobs data increased optimism about a potential interest rate cut by the US Fed in September.
RTTNews | 4小时8分钟前
Thai Stock Market Expected To Open In The Red Again On Monday

Thai Stock Market Expected To Open In The Red Again On Monday

The Thai stock market has moved lower in consecutive trading days, falling more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,220-point plateau and it's likely in for a rough ride again on Monday.
RTTNews | 5小时10分钟前