Swiss Market Ends Higher For 2nd Straight Day
(RTTNews) - The Switzerland market closed higher on Friday, tracking positive cues from other European markets amid hopes the Federal Reserve will cut interest rate next week, and possibly announce more reductions before the end of the year.
The benchmark SMI, which moved between 12,022.46 and 12,077.91, ended with a modest gain of 54.94 points or 0.46% at 12,037.28.
Straumann Holding climbed 3.78%. Lonza Group gained 2.25%, while Holcim and Partners Group, both ended higher by about 1.85%.
UBS Group, VAT Group, Logitech International, Geberit and Julius Baer gained 1 to 1.55%.
Roche GS gained about 1% following news that its subcutaneous anti-PD-(L)1 cancer immunotherapy Tecentriq Hybreza obtained approval from the US Food and Drug Administration.
Richemont, Zurich Insurance and Sika all ended nearly 1% up. Lindt & Spruengli, Roche Holding, Swisscom and Swiss Re posted moderate gains.
Kuehne + Nagel dropped about 2.2%. Alcon ended 1.65% down. Nestle, Novartis and SIG Group declined marginally.
TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns
Dollar Climbs Higher After Buoyant Jobs Data
U.S. Stocks Close Sharply Lower As Strong Jobs Data Raises Interest Rate Concerns
Swiss Market Ends Notably Lower
U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes
European Stocks Close Lower As Strong U.S. Jobs Data Fuels Interest Rate Concerns
Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns
