Swiss Market Ends On Weak Note For 5th Straight Session

RTTNews | 1051 dagar sedan
Swiss Market Ends On Weak Note For 5th Straight Session

(RTTNews) - After opening marginally up, the Switzerland market slipped into the red Tuesday morning, and kept sliding lower and lower as the session progressed to eventually close on a very weak note.

Worries about inflation and fears that possible steep interest rate hikes could push the economy into recession weighed on stocks.

The benchmark SMI ended with a loss of 197.18 points or 1.81% at 10,699.07, extending losses to a fifth straight session.

Partners Group, Sika and Givaudan lost 4.8 to 5.1%. Geberit and Lonza Group ended lower by 3.7% and 3.5%, respectively.

Novartis, Richemont, Nestle, SGS, Credit Suisse, Roche Holding and ABB lost 1 to 2.5%.

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

Among the stocks in the Swiss Mid Price Index, Ems Chemie Holding, Tecan Group, Georg Fischer, Bachem Holding and Zur Rose lost 2.9 to 4.1%.

Flughafen Zurich, SIG Combibloc, AMS, Lindt & Spruengli, Schindler Holding, Schindler Ps, Temenos Group and Barry Callebaut declined 1 to 2.5%.

Cembra Money Bank climbed 2.3% and Julius Baer surged up 2.15%. Kuehne & Nagel and Dufry both gained about 1.3%. Helvetia and Baloise Holding closed modestly higher.

read more
U.S. Private Sector Job Growth Falls Well Short Of Expectations In April

U.S. Private Sector Job Growth Falls Well Short Of Expectations In April

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of April. ADP said private sector employment climbed by 62,000 jobs in April after surging by a downwardly revised 147,000 jobs in March.
RTTNews | 25 minuter sedan
Eurozone GDP Growth Gains Strength In Q1

Eurozone GDP Growth Gains Strength In Q1

Euro area economic growth accelerated in the first quarter as exports may have benefited from higher demand from the U.S. ahead of the imposition of higher trade tariffs. The quarterly growth in gross domestic product doubled to 0.4 percent from 0.2 percent seen in the fourth quarter of 2024, preliminary flash estimates from Eurostat showed on Wednesday.
RTTNews | 37 minuter sedan
Indian Rupee Rises On Trade-deal Hopes

Indian Rupee Rises On Trade-deal Hopes

The Indian rupee strengthened against the U.S. dollar in the European session on Wednesday, as investor mood was bolstered by trade-deal prospects and foreign fund inflows.
RTTNews | 1h 15minuter sedan
Canadian Stocks Likely To Open On Mixed Note; GDP Data, Earnings In Focus

Canadian Stocks Likely To Open On Mixed Note; GDP Data, Earnings In Focus

Canadian shares are likely to open on a mixed note on Wednesday with investors looking ahead to earnings updates from big name U.S. tech companies, including Microsoft and Meta Platforms. Canadian GDP data is also likely to make a significant impact on investor sentiment.
RTTNews | 1h 17minuter sedan
Thai Central Bank Cuts Rate By 25 Bps

Thai Central Bank Cuts Rate By 25 Bps

The Bank of Thailand reduced its benchmark interest rate by a quarter-point, as expected, to withstand the downside risks to the growth outlook amid the heightened uncertainty posed by trade policies of major economies. The Monetary Policy Committee voted 5-2 to cut the policy rate to 1.75 percent from 2.00 percent. Two members voted to maintain the interest rate at 2.00 percent.
RTTNews | 1h 31minuter sedan
Yen Falls On Trade Deal Hopes

Yen Falls On Trade Deal Hopes

The Japanese yen weakened against other major currencies in the European session on Wednesday as European stock markets traded higher amid expectations of a potential trade deal with the United States.
RTTNews | 2h 26minuter sedan