Swiss Market Ends On Strong Note

RTTNews | 132 days ago
Swiss Market Ends On Strong Note

(RTTNews) - The Switzerland market ended on a strong note on Wednesday with stocks holding firm right through the day's session after a positive start. A slew of encouraging global economic data, and optimism about a sharp interest rate cut by the Federal Reserve in September helped underpin sentiment.

The benchmark SMI ended with a gain of 143.69 points or 1.2% at 12,071.83. The index touched a low of 11,975.96 and a high of 12,085.62.

Straumann Holding soared 13.34%. The dental implant maker raised its guidance for 2024 and also announced the sale of its DrSmile aligner business.

UBS Group climbed about 5.3% after reporting a $1.1 billion net profit last quarter, about double what analysts expected.

Sandoz Group rallied 3.7%. Julius Baer ended up 2.24%. Sonova gained 1.8% and Swiss Re ended higher by 1.53%. VAT Group, Zurich Insurance, Partners Group, Kuehne + Nagel, Sika, Swisscom, Novartis, Swatch Group, ABB and Swiss Life Holding gained 1 to 1.5%.

Geberit, Holcim, Richemont, Givaudan, Lindt & Spruengli, Alcon, Schindler Ps, Nestle and Roche GS advanced 0.57 to 1%.

SIG Group, Roche Holding and Logitech International edged down marginally.

read more
Bay Street Likely To Open Slightly Higher

Bay Street Likely To Open Slightly Higher

Canadian shares are likely to open higher on Tuesday, and trading may be a bit lackluster and volumes rather thin as the market will close at 1 pm, and remain closed on Wednesday and Thursday for Christmas and Boxing Day holidays.
RTTNews | 10h 11min ago
European Shares Edge Higher Ahead Of Christmas Break

European Shares Edge Higher Ahead Of Christmas Break

European stocks edged higher in cautious trade on Tuesday ahead of Christmas break. The German DAX is not trading today while the FTSE 100 and CAC 40 will close early for Christmas Eve.
RTTNews | 14h 1min ago