Swiss Market Ends On Firm Note

RTTNews | 9小時57分鐘前

(RTTNews) - The Switzerland market closed higher on Monday, in line with most of the markets across Europe. Investors digested data on retail sales, and a reading on the nation's manufacturing activity.

The benchmark SMI, which edged down to 11,723.61 in early trades, climbed to a high of 11,862.41 around mid afternoon and finally settled at 11,82924 with a gain of 65.04 points or 0.55%.

Richemont rallied 2.57%. Sika climbed 1.84% and Swiss Re gained 1.58%, while Logitech International and ABB both gained nearly 1.5%.

Holcim gained 1.2% after the company agreed to sell its 83.81% interest in Lafarge Africa to Huaxin Cement for an equity value of $1 billion. The transaction is anticipated to complete in 2025.

Kuehne + Nagel closed up 1.28%. Zurich Insurance Group, Geberit, Schindler Ps, Givaudan and Lonza Group posted moderate gains.

Sandoz Group closed down by about 3.1%. VAT Group and Julius Baer ended lower by 1.45% and 1.3%, respectively. Swatch Group, Alcon and Swisscom ended modesty lower.

In economic news, Switzerland's procure.ch Manufacturing PMI fell to 48.5 in November 2024, down from 49.9 in the previous month and compared to market expectations of 49.4.

Swiss retail sales increased for the fourth straight month in October, though at a slightly slower-than-expected pace, data from the Federal Statistical Office revealed.

Retail sales climbed 1.4% on a yearly basis, after a 1.8% increase in September. Sales of food, drinks, and tobacco registered an annual growth of 0.3%, and the non-food sector posted a 3.2% gain.

Month-on-month, retail sales dropped 0.1% in October versus a 0.7% fall in September. This was the second successive monthly increase.

In nominal terms, retail turnover registered an annual growth of 0.1%, and sales were down 0.2% over the month.

South Korea Stock Market Due For Support On Tuesday

The South Korea stock market has moved lower in back-to-back sessions, slumping more than 50 points or 2 percent along the way. The KOSPI now sits just above the 2,450-point plateau although it may find traction on Tuesday. The global forecast for the Asian markets suggests mild upside, supported by strength from the technology stocks. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference. The KOSPI finished slightly lower on Monday as losses from the technology and chemical companies were offset by support from the financial shares and a mixed performance from the automobile companies. For the day, the index dipped 1.43 points or 0.06 percent to finish at 2,454.48 after trading between 2,448.45 and 2,483.29. Volume was 323.35 million shares worth 7.47 trillion won. There were 675 decliners and 216 gainers. Among the actives, Shinhan Financial rallied 1.70 percent, while KB Financial collected 0.21 percent, Hana Financial spiked 2.08 percent, Samsung Electronics skidded 1.11 percent, Samsung SDI jumped 1.77 percent, LG Electronics retreated 1.67 percent, SK Hynix shed 0.69 percent, Naver declined 1.45 percent, LG Chem lost 0.53 percent, Lotte Chemical plunged 3.26 percent, SK Innovation fell 0.40 percent, POSCO sank 0.71 percent, SK Telecom dropped 0.81 percent, KEPCO improved 0.84 percent, Hyundai Mobis soared 2.51 percent, Hyundai Motor slumped 1.14 percent and Kia Motors accelerated 1.40 percent.

RTTNews | 5小時2分鐘前

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RTTNews | 5小時2分鐘前

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RTTNews | 5小時32分鐘前

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RTTNews | 9小時17分鐘前

Pound Drops On Tariff Concerns

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RTTNews | 9小時17分鐘前

European Stocks Close Higher Despite Weak PMI Reports

After struggling for direction early on in the session, European stocks closed broadly higher on Monday as investors digested the latest batch of economic data, including reports on Eurozone and UK manufacturing activity, and continued to follow the political developments in France.

RTTNews | 10小時17分鐘前

U.S. Manufacturing PMI Rises More Than Expected But Still Indicates Contraction

The Institute for Supply Management released a report on Monday showing its reading on U.S. manufacturing increased by more than expected in the month of November but continued to indicate a contraction. The ISM said its manufacturing PMI rose to 48.4 in November from 46.5 in October, although a reading below 50 still indicates contraction. Economists had expected the index to inch up to 47.5.

RTTNews | 11小時55分鐘前

U.S. Construction Spending Climbs More Than Expected In October

Construction spending in the U.S. increased more than expected in the month of October, according to a report released by the Commerce Department on Monday. The Commerce Department said construction spending climbed by 0.4 percent to an annual rate of $2.174 trillion in October after inching up by 0.1 percent to a rate of $2.165 trillion in September.

RTTNews | 12小時5分鐘前

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