Swiss Market Ends On Firm Note
(RTTNews) - After a flat start, Swiss stocks edged higher and stayed positive right through the trading session to settle on a firm note on Wednesday.
A sharp drop in oil prices and lower bond yields helped lift sentiment. Investors awaited the Federal Reserve's monetary policy announcement.
The benchmark SMI ended with a gain of 59.79 points or 0.43% at 13,868.66.
VAT Group climbed nearly 3%. ABB ended 2.1% up. Sonova and Sika moved up 1.85% and 1.7%, respectively.
Swiss Life Holding, Helvetia Baloise Holding, Givaudan, Amrize, Holcim, Roche Holding, Galderma Group, SGS and Zurich Insurance gained 0.4%-1.05%.
Partners Group, Straumann Holding, Swiss Re and Kuehne + Nagel shed 0.4%-1%.
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TSX Modestly Higher; Dollarama Rises On Earnings, Outlook
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European Stocks Close Broadly Higher As Oil Prices Drop
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U.S. Housing Market Index Pulls Back To One-Year Low In September
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U.S. Import Prices Rebound More Than Expected In August
A report released by the Labor Department on Wednesday showed import prices in the U.S. increased by much more than expected in the month of August. The Labor Department said import prices climbed by 0.7 percent in August after falling by a revised 0.3 percent in July.
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U.S. Retail Sales Jump 1.2% In August, Much More Than Expected
Retail sales in the U.S. shot up by much more than expected in the month of August, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales jumped by 1.2 percent in August after falling by a revised 0.5 percent in July. Economists had expected retail sales to increase by 0.7 percent.
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5h 30min ago
Bay Street Set To Open On Firm Note
The Canadian market is likely to open on a positive note Wednesday morning with materials stocks set to attract buying thanks to strong precious metals prices. A notable drop in crude oil prices could ease concerns about inflation.
The focus is on the Federal Reserve's monetary policy announcement.
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6h 56min ago
