Swiss Market Ends Higher For 4th Straight Day

RTTNews | 881 hari yang lalu
Swiss Market Ends Higher For 4th Straight Day

(RTTNews) - The Switzerland market ended on a firm note on Wednesday, extending recent gains, amid continued optimism about interest rate cuts by several central banks, including the Swiss National Bank. Investors continued to react positively to some upbeat earnings updates as well.

The benchmark SMI ended with a gain of 89.24 points or 0.78% at 11,602.21, the day's high.

Sandoz Group rallied about 4.25% after Deutsche Bank raised the stock's price target to 28 francs, up from 26 francs.

Nestle gained 2.21%, Geberit advanced nearly 2% and ABB ended 1.84% up. ABB has agreed to create a new joint venture with cable management systems supplier Niedax Group to meet demand for cable tray products and services in North America.

SIG Group climbed 1.44%, while Lonza Group, Kuehne & Nagel, Swiss Re, Schindler Ps, Straumann Holding, Zurich Insurance Group, Novartis and Sika gained 0.7 to 1.2%. Holcim and Swatch Group also ended notably higher.

Lindt & Spruengli drifted down 2.35%. UBS Group ended lower by 1.7% on profit taking after previous session's strong gains. Julius Baer closed 1.02% down.

baca selengkapnya
Australia Building Approval Data Due On Wednesday

Australia Building Approval Data Due On Wednesday

Australia will on Wednesday release August figures for building approvals, highlighting a modest day for Asia-Pacific economic activity. Approvals are expected to sink 6.1 percent on month and climb 10.3 percent on year after falling 3.6 percent on month and rising 9.0 percent on year in July.
RTTNews | 16 menit yang lalu
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market closed on a firm note on Tuesday, tracking global markets, as oil prices fell and bond yields dropped.
RTTNews | 4 jam 17 menit yang lalu
U.S. Trade Deficit Widens To Seventeen-Month High In August

U.S. Trade Deficit Widens To Seventeen-Month High In August

A report released by the Commerce Department on Tuesday showed the U.S. trade deficit widened by more than expected in the month of August. The Commerce Department said the trade deficit increased to $105.6 billion in August from a revised $92.8 billion in July.
RTTNews | 8 jam 23 menit yang lalu
German Factory Orders Plunge

German Factory Orders Plunge

Germany's factory orders declined sharply in August largely due to the fall in demand for aircraft, ships, trains and military vehicles, official data revealed Tuesday. Factory orders plunged 10.6 percent from the previous month, in contrast to the 3.2 percent rise in July, Destatis reported. Orders were forecast to decrease moderately by 0.9 percent.
RTTNews | 8 jam 48 menit yang lalu
Canadian Stocks Poised For Positive Open Amid Easing Oil Prices

Canadian Stocks Poised For Positive Open Amid Easing Oil Prices

Higher Canadian and U.S. futures, declining oil prices, and lower global bond yields suggest a positive market open on Bay Street Tuesday. West Texas Intermediate Crude fell 2.63% to $87.08 per barrel, while gold and silver futures gained.
RTTNews | 9 jam 36 menit yang lalu