Swiss Market Ends On Firm Note

RTTNews | 688 hari yang lalu
Swiss Market Ends On Firm Note

(RTTNews) - After languishing in negative territory till noon, Swiss stocks moved higher on Thursday and ended the session on a firm note, in line with markets across Europe.

The benchmark SMI, which dropped to 11,652.40 in early trades, closed up 79.84 points or 0.68% at 11,783.65. The index touched a high of 11,801.07.

Straumann Holding climbed about 3.3%. Logitech International and Kuehne + Nagel gained 2.97% and 2.63%, respectively. Swatch Group, Richemont and Partners Group ended higher by 2.3 to 2.5%.

SIG Group and VAT Group ended up 1.84% and 1.8%, respectively. Geberit, Nestle, Zurich Insurance Group and ABB advanced 1 to 1.35%. Julius Baer, Novartis, Adecco, UBS Group, Swisscom and Schindler Ps also closed on a firm note.

Swiss Re gained about 0.5%. The insurer recorded a year-over-year drop in third-quarter group net income to $102 million from $1.02 billion, with revenue also declining over the period. The group expects net income for full-year 2024 to exceed $3 billion, assuming normal loss activity for the remainder of the year.

Shares of pharmaceutical company Curatis climbed nearly 10% after the company announced its intention to apply for a biologic license for its C-PTBE-01 drug (for treating diffuse midline glioma, an aggressive brain tumor) in the US. Its regulatory pathway review concluded that the treatment qualifies for the application.

Sandoz Group closed down 1.4%. Alcon ended lower by 1.01% and Holcim closed with a loss of 0.76%. Roche Holding, Swiss Life Holding and Lindt Ps also ended weak.

baca selengkapnya
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

Save for a few minutes at the start, the Switzerland market's benchmark index SMI stayed positive on Friday as lower oil prices and bond yields helped underpin sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
RTTNews | 1 hari yang lalu
Canadian Market Remains Firmly Up In Positive Territory

Canadian Market Remains Firmly Up In Positive Territory

The Canadian market is up firmly in positive territory around noon on Friday thanks to weak oil prices and lower bond yields aiding sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
RTTNews | 1 hari yang lalu
U.S. Factory Orders Inch Up In Line With Estimates In August

U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.
RTTNews | 1 hari yang lalu
U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.
RTTNews | 1 hari yang lalu
Euro Slides Against Majors

Euro Slides Against Majors

The euro weakened against other major currencies in the European session on Friday.
RTTNews | 1 hari yang lalu
Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Retail giant Walmart Inc. is recalling around 4.478 million units of metal wire bristle grill brushes, citing risk of ingestion and internal injuries, according to the U.S. Consumer Product safety Commission or CPSC. The recall involves certain Walmart Expert Grill brushes with black plastic or stainless-steel handles. Some brushes come with metal scraper attached.
RTTNews | 1 hari yang lalu
Bay Street Headed For Positive Start

Bay Street Headed For Positive Start

Canadian stocks look headed for a positive start on Friday with concerns about inflation and interest rates easing a bit following a sharp drop in oil prices. Bond yields have dropped as well. U.S. non-farm payroll data for the month of September is likely to make an impact on investor sentiment.
RTTNews | 1 hari yang lalu